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Rolling Hills, California Property Taxes

The median property tax rate in Rolling Hills, CA is 1.12%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $2,478,746 in Rolling Hills, the typical annual property tax bill reaches $27,510, significantly exceeding the national median of $2,690. Property taxes in Rolling Hills are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rolling Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rolling Hills 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

Rolling Hills, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.12%

Estimate Property Tax Bill

$27,762

$25,762

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Rolling Hills, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolling Hills is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Rolling Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolling Hills 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 Rolling Hills' effective property tax rate to other counties in California and the national median. For comparison, the 90274 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Rolling Hills 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 Rolling Hills, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Rolling Hills Tax Rate

1.12%

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 Rolling Hills, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902741.07%1.09%1.12%1.18%1.45%

Source: Ownwell

Property Tax Assessment Values Across Rolling Hills, California

In Rolling Hills, 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 Rolling Hills, 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 Rolling Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 90274 has both the highest and lowest median tax bills, each at $27,510, compared to the national median property tax rate of 0.99%.

Property Tax Assessment Values Across Rolling Hills, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Rolling Hills Assessed Value

$2,478,746

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 Rolling Hills, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90274$579,380$1,524,222$2,478,746$3,822,426$5,272,904

Source: Ownwell

Property Tax Bills Across Rolling Hills, California

In Rolling Hills, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Los Angeles County Assessor's Office. The assessed value is then multiplied by the local property tax rate. For Rolling Hills, the median home price stands at $2,478,746, leading to substantial tax bills. Homeowners in the 25th percentile face tax bills around $17,845, while those in the 75th percentile see bills up to $40,606. The highest median tax bill in the area is $27,510, consistent across zip code 90274. Factors such as recent home sales, improvements, and market conditions influence the assessed value, impacting the final tax bill. These high property taxes can place a significant financial burden on homeowners. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax liabilities. By thoroughly reviewing assessed values and identifying discrepancies, Ownwell ensures homeowners pay only their fair share, potentially saving thousands of dollars annually.

Property Tax Bills Across Rolling Hills, California

Source: Ownwell

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$823

$26,956

$53,089

Average Rolling Hills Tax Bill

$27,510

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 Rolling Hills, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90274$7,967$17,845$27,510$40,606$56,763

Source: Ownwell

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