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Panorama City, Los Angeles County, California Property Taxes

  • Median Panorama City, CA effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the CA state median of 1.21%.

  • Median Panorama City, CA home value: $320,158

  • Median annual Panorama City, CA tax bill: $3,838, $1,438 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles calculated?

Property taxes in Panorama City, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Panorama City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Panorama City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Panorama City, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$3,906

$3,625

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Panorama City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Panorama City with just two data points. By entering your property's estimated assessed value, our calculator applies Panorama City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Los Angeles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Panorama City, Los Angeles County, California

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget required for services and divide it by the total value of all taxable property in their area, resulting in the property tax rate. This process involves votes and laws, but this is the basic annual procedure.

In Panorama City, located in Los Angeles County, the effective property tax rate is 1.22%. This rate is higher than the national median of 1.02%, highlighting the variance in property tax rates across the country. The median property tax rate in California is also 1.22%, which aligns with Panorama City's rate. Comparing this to other cities within California, it's evident that property tax rates can differ widely, influenced by local budget needs and property values.

Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By staying informed and considering professional property tax consulting services, homeowners can potentially reduce their tax burden and ensure compliance with local regulations.

Property Tax Rates Across Panorama City, Los Angeles County, California

Source: Ownwell

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1.08%

1.43%

1.78%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Panorama City Tax Rate

1.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Los Angeles County Tax Rate

1.24%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Panorama City, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
914021.18%1.20%1.22%1.25%1.30%

Source: Ownwell

Property Tax Assessment Values Across Panorama City, Los Angeles County, California

When examining property taxes in Panorama City, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Los Angeles County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Los Angeles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Panorama City. For example, the median home price in Panorama City is $320,158, with tax bills ranging significantly across the county. 91402 has the highest median home price at $320,158.

Property Tax Assessment Values Across Panorama City, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Panorama City Market Value

$320,158

Median Los Angeles County Market Value

$434,238

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Panorama City, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91402$142,326$213,941$320,158$462,405$608,631

Source: Ownwell

Property Tax Bills Across Panorama City, Los Angeles County, California

In Panorama City, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this area is $320,158. The property tax rate in California is generally lower than the national median of 1.02%, but local factors can influence the final bill. Homeowners in Panorama City can expect tax bills ranging from $2,628 at the 25th percentile to $7,016 at the 90th percentile, with a consistent median tax bill of $3,838 in the 91402 zip code. These taxes fund essential public services, but they can also place a financial burden on homeowners. Ownwell offers services to help homeowners potentially reduce their property tax bills by reviewing assessments and filing appeals when necessary. By ensuring that properties are accurately assessed, Ownwell can help homeowners in Panorama City achieve significant savings, making homeownership more affordable and helping to ease the financial strain of property taxes.

Property Tax Bills Across Panorama City, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Panorama City Tax Bill

$3,838

Median Los Angeles County Tax Bill

$5,343

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Panorama City, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91402$1,748$2,628$3,838$5,426$7,016

Source: Ownwell

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