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Temple City, California Property Taxes

The median property tax rate in Temple City, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Temple City at $543,036, the typical annual property tax bill reaches $6,309, significantly exceeding the national median of $2,690. Property taxes in Temple City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence exemptions. Understanding Temple City'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 Temple City or another part of Los Angeles County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Temple City, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$6,516

$6,047

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Temple City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Temple City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Temple City 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 Temple City. 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 Temple City, California

Property taxes in Temple City, California, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Temple City is 1.20%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Temple City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temple City 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 Temple City's effective property tax rate to other counties in California and the national median. For comparison, the 91780 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Temple City 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 Temple City, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Temple City Tax Rate

1.20%

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 Temple City, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
917801.10%1.13%1.20%1.27%1.47%

Source: Ownwell

Property Tax Assessment Values Across Temple City, California

In Temple City, 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 Temple City, 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 Temple City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Temple City’s median home price is $543,036. The highest and lowest median tax bills are both in the 91780 zip code, amounting to $6,309.

Property Tax Assessment Values Across Temple City, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Temple City Assessed Value

$543,036

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 Temple City, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91780$147,566$319,248$543,036$804,830$1,053,612

Source: Ownwell

Property Tax Bills Across Temple City, California

In Temple City, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Los Angeles County Assessor's Office. The median home price in Temple City is $543,036. Property taxes are then applied at a rate set by local taxing authorities. For example, homeowners in Temple City can expect to pay between $3,900 and $11,560, depending on their property's assessed value. Various factors influence the tax bill, including the property's market value, location, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners, making it crucial to ensure assessments are accurate. Ownwell can assist homeowners in Temple City by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market trends, Ownwell identifies potential discrepancies and files appeals to lower the tax bill. This service can result in substantial savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Temple City, California

Source: Ownwell

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$823

$26,956

$53,089

Average Temple City Tax Bill

$6,309

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 Temple City, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91780$2,052$3,900$6,309$9,060$11,560

Source: Ownwell

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