Sylmar, California Property Taxes
The median property tax rate in Sylmar, CA is 1.22%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $373,128 in Sylmar, the typical annual property tax bill reaches $4,245, surpassing the national median of $2,690. Property taxes in Sylmar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences. Understanding Sylmar'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 Sylmar 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
Sylmar, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$4,552
$4,224
$1,148
Average Tax Savings
Ownwell’s Sylmar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylmar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylmar 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 Sylmar. 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 Sylmar, California
Property taxes in Sylmar, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylmar is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sylmar set these rates annually, and they can vary across different neighborhoods. Each year, Sylmar 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 Sylmar's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91342 zip code has the highest median property tax rate of 1.22%, while the same zip code also reflects the lowest median tax rate of 1.22%. Understanding how these areas compare with Sylmar 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 Sylmar Tax Rate
1.22%
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 Sylmar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91342 | 1.18% | 1.20% | 1.22% | 1.27% | 1.36% |
Source: Ownwell
$1,148
Average Sylmar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sylmar, California
In Sylmar, 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 Sylmar, 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 Sylmar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Sylmar is $4,245, specifically in the 91342 zip code.
Average Sylmar Assessed Value
$373,128
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 Sylmar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91342 | $149,088 | $238,949 | $373,128 | $536,115 | $691,865 |
Source: Ownwell
$1,148
Average Sylmar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sylmar, California
In Sylmar, Los Angeles County, property tax bills are calculated based on the assessed value of your home, which is determined by the Los Angeles County Assessor's Office. The tax rate is applied to this assessed value to calculate your annual property tax bill. For instance, with a median home price of $373,128, homeowners in Sylmar can expect tax bills ranging from $2,642 at the 25th percentile to $7,954 at the 90th percentile. Several factors influence these tax bills, including property improvements, market trends, and local tax levies. High property taxes can significantly impact homeowners, making it crucial to ensure your property is not over-assessed. Ownwell offers expert property tax appeal services to help homeowners in Sylmar reduce their tax burdens. By analyzing your property's assessed value and market conditions, Ownwell identifies opportunities for tax reductions and handles the appeal process on your behalf, potentially saving you thousands of dollars annually.
Average Sylmar Tax Bill
$4,245
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 Sylmar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91342 | $1,343 | $2,642 | $4,245 | $6,240 | $7,954 |
Source: Ownwell
$1,148
Average Sylmar 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 | November 30 |
| 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 | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.