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Porter Ranch, California Property Taxes

The median property tax rate in Porter Ranch, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $700,983, the typical annual property tax bill in Porter Ranch reaches $8,173, significantly exceeding the national median of $2,690. Property taxes in Porter Ranch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Porter Ranch'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 Porter Ranch 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

Porter Ranch, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$8,412

$7,806

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Porter Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Porter Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Porter Ranch 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 Porter Ranch. 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 Porter Ranch, California

Property taxes in Porter Ranch, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Porter Ranch is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Porter Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Porter Ranch 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 Porter Ranch's effective property tax rate to other counties in California and the national median. For comparison, the 91326 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Porter Ranch 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 Porter Ranch, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Porter Ranch Tax Rate

1.20%

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 Porter Ranch, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913261.17%1.18%1.20%1.22%1.27%

Source: Ownwell

Property Tax Assessment Values Across Porter Ranch, California

In Porter Ranch, 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 Porter Ranch, 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 Porter Ranch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,173, found in the 91326 zip code.

Property Tax Assessment Values Across Porter Ranch, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Porter Ranch Assessed Value

$700,983

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 Porter Ranch, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91326$295,810$478,497$700,983$946,512$1,247,983

Source: Ownwell

Property Tax Bills Across Porter Ranch, California

In Porter Ranch, Los Angeles County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. For Porter Ranch, the median home price is $700,983, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $5,658, while those in the 75th percentile face bills closer to $10,957. The highest median tax bill in the area is $8,173, which is notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including changes in property values, local tax rates, and applicable exemptions. These costs can place a significant financial burden on homeowners. Ownwell helps homeowners reduce their property tax bills by identifying potential errors in assessments and applying for eligible exemptions. By leveraging expert knowledge and experience, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Porter Ranch, California

Source: Ownwell

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$823

$26,956

$53,089

Average Porter Ranch Tax Bill

$8,173

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 Porter Ranch, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91326$3,507$5,658$8,173$10,957$14,142

Source: Ownwell

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