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Pico Rivera, California Property Taxes

The median property tax rate in Pico Rivera, CA is 1.44%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Pico Rivera at $296,200, the typical annual property tax bill reaches $4,177, exceeding the national median of $2,690. Property taxes in Pico Rivera are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Pico Rivera's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pico Rivera or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Pico Rivera, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.44%

Estimate Property Tax Bill

$4,265

$3,958

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Pico Rivera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pico Rivera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pico Rivera to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pico Rivera. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.

Property Tax Rates Across Pico Rivera, California

Property taxes in Pico Rivera, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pico Rivera is 1.44%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Pico Rivera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pico Rivera estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pico Rivera's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the zip code 90660 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these figures compare with Pico Rivera provides valuable insights into the varying tax landscape across Los Angeles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Pico Rivera, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Pico Rivera Tax Rate

1.44%

Average Los Angeles County Tax Rate

1.24%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Pico Rivera, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
906601.29%1.34%1.44%1.66%2.43%

Source: Ownwell

Property Tax Assessment Values Across Pico Rivera, California

In Pico Rivera, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Los Angeles County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Pico Rivera, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pico Rivera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 90660 has the highest and lowest median tax bill, both at $4,177.

Property Tax Assessment Values Across Pico Rivera, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Pico Rivera Assessed Value

$296,200

Average Los Angeles County Assessed Value

$434,238

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Pico Rivera, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90660$70,734$176,782$296,200$453,858$581,590

Source: Ownwell

Property Tax Bills Across Pico Rivera, California

In Pico Rivera, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Los Angeles County Assessor's Office. The median home price in Pico Rivera is $296,200. Property taxes are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For example, the median property tax bill in Pico Rivera is $4,177, with the 25th percentile at $2,697 and the 90th percentile reaching up to $7,330. These taxes can significantly affect homeowners, often representing a substantial annual expense. Ownwell can help homeowners in Pico Rivera save on their property tax bills by providing professional property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to market conditions, Ownwell can identify opportunities for tax reductions. Our experts guide you through the appeal process, ensuring that you pay only your fair share of property taxes. This can result in significant savings, alleviating the financial burden on homeowners.

Property Tax Bills Across Pico Rivera, California

Source: Ownwell

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$823

$26,956

$53,089

Average Pico Rivera Tax Bill

$4,177

Average Los Angeles County Tax Bill

$5,343

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Pico Rivera, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90660$1,620$2,697$4,177$5,896$7,330

Source: Ownwell

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