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Sherwood Forest, California Property Taxes

The median property tax rate in Sherwood Forest, CA is 1.21%, aligning with the California state median but significantly higher than the national median of 0.99%. With a median home value of $792,323, the typical annual property tax bill in Sherwood Forest reaches $9,268, far exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences. Navigating Sherwood Forest's property tax system, understanding available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sherwood Forest or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Sherwood Forest, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.21%

Estimate Property Tax Bill

$9,587

$8,897

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Sherwood Forest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sherwood Forest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sherwood Forest 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 Sherwood Forest. 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 Los Angeles County for property tax calculations, accounting for any exemptions that may apply.

Property Tax Rates Across Sherwood Forest, California

Property taxes in Sherwood Forest, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sherwood Forest is 1.21%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Sherwood Forest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sherwood Forest 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 Sherwood Forest's effective property tax rate to other areas in California and the national median. For comparison, the 91325 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Sherwood Forest 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 Sherwood Forest, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Sherwood Forest Tax Rate

1.21%

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 Sherwood Forest, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913251.18%1.19%1.21%1.24%1.35%

Source: Ownwell

Property Tax Assessment Values Across Sherwood Forest, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sherwood Forest, California. 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 Sherwood Forest, 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 Sherwood Forest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 91325, with a median bill of $9,268, which is significantly higher than the national median property tax rate of 0.99%.

Property Tax Assessment Values Across Sherwood Forest, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Sherwood Forest Assessed Value

$792,323

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 Sherwood Forest, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91325$273,105$521,795$792,323$1,046,798$1,353,336

Source: Ownwell

Property Tax Bills Across Sherwood Forest, California

In Sherwood Forest, Los Angeles County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, which can vary but often hovers around the national median property tax rate of 0.99%. For a median home price of $792,323, homeowners in Sherwood Forest can expect a tax bill ranging from $6,248 at the 25th percentile to $15,571 at the 90th percentile. Factors such as home improvements, neighborhood changes, and market conditions can also influence your property's assessed value and, consequently, your tax bill. Ownwell can assist homeowners in Sherwood Forest by providing expert property tax appeal and exemption services. By thoroughly analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and potentially lower your tax bill. This can result in significant savings, ensuring you only pay your fair share.

Property Tax Bills Across Sherwood Forest, California

Source: Ownwell

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$823

$26,956

$53,089

Average Sherwood Forest Tax Bill

$9,268

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 Sherwood Forest, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91325$3,279$6,248$9,268$12,031$15,571

Source: Ownwell

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