Tarzana, California Property Taxes
The median property tax rate in Tarzana, CA is 1.19%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $584,278 in Tarzana, the typical annual property tax bill reaches $6,795, far exceeding the national median of $2,690. Property taxes in Tarzana 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 Tarzana'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 Tarzana 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
Tarzana, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$6,953
$6,566
$1,148
Average Tarzana, California Tax Savings
Ownwell’s Tarzana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tarzana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarzana 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 Tarzana. 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 Tarzana, California
Property taxes in Tarzana, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarzana is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tarzana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarzana 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 Tarzana's effective property tax rate to other regions in Los Angeles County and the national median. For comparison, the 91335 zip code has the highest median property tax rate of 1.20%, while the 91356 zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Tarzana 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 Tarzana Tax Rate
1.19%
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 Tarzana, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91335 | 1.17% | 1.18% | 1.20% | 1.24% | 1.33% |
| 91356 | 1.16% | 1.18% | 1.19% | 1.21% | 1.26% |
Source: Ownwell
$1,148
Average Tarzana Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tarzana, California
In Tarzana, 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 Tarzana, 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 Tarzana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Tarzana is $7,231 in zip code 91356, while the lowest median tax bill is $5,652 in zip code 91335.
Average Tarzana Assessed Value
$584,278
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 Tarzana, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91335 | $140,906 | $284,688 | $478,284 | $696,660 | $863,121 |
| 91356 | $199,431 | $333,918 | $620,978 | $1,141,776 | $1,758,197 |
Source: Ownwell
$1,148
Average Tarzana Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tarzana, California
In Tarzana, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in Tarzana is $584,278, and the property tax rate is applied to this assessed value. Factors such as property improvements and market trends can influence the assessed value. For instance, homeowners in the 25th percentile can expect a tax bill around $3,798, while those in the 75th percentile may see bills up to $11,921. The highest median tax bill in Tarzana is $7,231, specifically in the 91356 zip code. High property tax bills can significantly impact homeowners, but Ownwell offers a solution. By leveraging expert knowledge and strategic appeals, Ownwell helps homeowners reduce their property tax burdens. This can result in substantial savings, making homeownership more affordable. With Ownwell's assistance, homeowners in Tarzana can ensure they are not overpaying on their property taxes, providing financial relief and peace of mind.
Average Tarzana Tax Bill
$6,795
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 Tarzana, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91335 | $1,762 | $3,402 | $5,652 | $7,983 | $9,972 |
| 91356 | $2,498 | $3,901 | $7,231 | $13,202 | $20,085 |
Source: Ownwell
$1,148
Average Tarzana 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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