Sun Valley, California Property Taxes
The median property tax rate in Sun Valley, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Sun Valley at $340,764, the typical annual property tax bill reaches $4,113, exceeding the national median of $2,690. Property taxes in Sun Valley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sun Valley'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 Sun Valley 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
Sun Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$4,191
$3,958
$1,148
Average Sun Valley, California Tax Savings
Ownwell’s Sun Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sun Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sun Valley 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 Sun Valley. 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 Sun Valley, California
Property taxes in Sun Valley, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sun Valley is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sun Valley set these rates annually, and they can vary across different neighborhoods. Each year, Sun Valley 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 Sun Valley's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the ZIP code 91352 has the highest median property tax rate of 1.23%, while the same ZIP code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Sun Valley 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.
Average Sun Valley Tax Rate
1.23%
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 Sun Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91352 | 1.18% | 1.20% | 1.23% | 1.27% | 1.40% |
Source: Ownwell
$1,148
Average Sun Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sun Valley, California
In Sun Valley, 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 Sun Valley, 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 Sun Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 91352, with a median tax bill of $4,113.
Property Tax Assessment Values Across Sun Valley, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Sun Valley Assessed Value
$340,764
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 Sun Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91352 | $116,302 | $210,858 | $340,764 | $558,702 | $760,008 |
Source: Ownwell
$1,148
Average Sun Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sun Valley, California
In Sun Valley, CA, property tax bills are calculated based on the assessed value of the home, which is often lower than the market value. The tax rate for Los Angeles County is applied to this assessed value. Homeowners in Sun Valley can expect their property tax bills to vary significantly, with the 25th percentile at $2,608 and the 75th percentile reaching $6,564. Notably, the highest median tax bill in the area is $4,113, as seen in the 91352 zip code. Several factors influence the tax bill, including property improvements, neighborhood changes, and local tax rates. These taxes can place a significant financial burden on homeowners, especially when property values rise. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. Our experts analyze your property’s assessed value, compare it to similar properties, and ensure you're not overpaying. By leveraging our services, you can potentially reduce your property tax bill and enjoy greater financial peace of mind.
Average Sun Valley Tax Bill
$4,113
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 Sun Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91352 | $1,480 | $2,608 | $4,113 | $6,564 | $8,939 |
Source: Ownwell
$1,148
Average Sun Valley 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 2 |
| 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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