Studio City, Los Angeles County, California Property Taxes
Median Studio City, CA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Studio City, CA home value: $807,209
Median annual Studio City, CA tax bill: $9,204, $6,804 higher than the national median property tax bill of $2,400.
How are property taxes in Los Angeles calculated?
Property taxes in Studio 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 Studio City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Studio City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Studio City, Los Angeles County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$9,444
$8,764
$1,102
Average Tax Savings
Property Tax Rates Across Studio City, Los Angeles County, California
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Studio City's effective property tax rate to other cities in California and the median property tax rates in California and the U.S. Studio City, located in Los Angeles County, has a median tax rate of 1.17%, which is higher than the national median of 1.02%. This indicates a slightly higher property tax burden compared to the national average. However, it's important to note that within California, Studio City's tax rate is consistent across the board, with no significant variation within its jurisdiction. Understanding these rates can help property owners in Studio City make informed decisions about their property investments and anticipate their tax obligations effectively.
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 Studio City Tax Rate
1.17%
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 Studio City, Los Angeles County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91604 | 1.16% | 1.16% | 1.17% | 1.20% | 1.26% |
| 91607 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Studio City Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Studio City, Los Angeles County, California
When examining property taxes in Studio 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's Office 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 Studio City. For example, the median home price in Studio City is $807,209, with tax bills ranging significantly across the county. Zip code 91604 has the highest median home price at $806,826.
Property Tax Assessment Values Across Studio City, Los Angeles County, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Median Studio City Market Value
$807,209
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 Studio City, Los Angeles County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91604 | $246,314 | $489,841 | $806,826 | $1,424,189 | $2,269,369 |
| 91607 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Studio City Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Studio City, Los Angeles County, California
In Studio City, located within Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home. This involves multiplying the assessed value by the county's property tax rate. Homeowners in Studio City face a median property tax bill significantly higher than the national median of $2,400, with figures reaching $9,204. The assessed value is determined by considering factors such as the property's market value, location, and any improvements made. This can lead to substantial tax bills, impacting homeowners' finances.
Ownwell can assist homeowners in Studio City by providing expert property tax appeal services. By analyzing the assessed value and comparing it to market trends and comparable properties, Ownwell identifies opportunities to challenge and potentially lower the tax bill. This can result in significant savings, especially for those in the higher tax brackets, where the 75th percentile tax bill is $15,910 and the 90th percentile is $25,266. With Ownwell's expertise, homeowners can ensure they are not overpaying on their property taxes.
Property Tax Bills Across Studio City, Los Angeles County, California
Source: Ownwell
$823
$15,724
$30,625
Median Studio City Tax Bill
$9,204
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 Studio City, Los Angeles County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91604 | $2,938 | $5,601 | $9,204 | $15,910 | $25,266 |
| 91607 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Studio City Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 1 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Los Angeles Tax Assessor | |
| Phone | (213) 974-3211 |
| Website | portal.assessor.lacounty.gov |
| pio@assessor.lacounty.gov | |
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