Topanga, California Property Taxes
The median property tax rate in Topanga, CA is 1.18%, 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 Topanga at $770,238, the typical annual property tax bill reaches $8,741, significantly exceeding the national median of $2,690. Property taxes in Topanga are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Topanga'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 Topanga 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
Topanga, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$9,089
$8,434
$1,148
Average Tax Savings
Ownwell’s Topanga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Topanga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Topanga 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 Topanga. 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 Los Angeles County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Topanga, California
Property taxes in Topanga, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Topanga is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Topanga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Topanga 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 Topanga's effective property tax rate to other counties in California and the national median. For comparison, the 90290 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Topanga 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 Topanga Tax Rate
1.18%
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 Topanga, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90290 | 1.15% | 1.16% | 1.18% | 1.24% | 1.34% |
Source: Ownwell
$1,148
Average Topanga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Topanga, California
In Topanga, 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 Topanga, 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. The median home price in Topanga is $770,238, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $4,704, while the 75th percentile tax bill is $14,254. 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 Topanga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Topanga Assessed Value
$770,238
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 Topanga, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90290 | $174,962 | $397,290 | $770,238 | $1,268,400 | $1,876,554 |
Source: Ownwell
$1,148
Average Topanga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Topanga, California
In Topanga, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate. For instance, with a median home price of $770,238, homeowners can expect varying tax bills depending on specific assessments and exemptions. The 25th percentile tax bill is around $4,704, whereas the 75th percentile tax bill can reach up to $14,254, and the 90th percentile peaks at $21,146. These tax bills can significantly impact homeowners, especially when they fall on the higher end of the spectrum. This is where Ownwell steps in to help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in reducing their assessed property values, thereby lowering their tax bills. Through meticulous analysis and representation, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Topanga Tax Bill
$8,741
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 Topanga, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90290 | $2,260 | $4,704 | $8,741 | $14,254 | $21,146 |
Source: Ownwell
$1,148
Average Topanga 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 | |
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