Valencia, California Property Taxes
The median property tax rate in Valencia, CA is 1.43%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Valencia, the typical annual property tax bill reaches $7,568, exceeding the national median of $2,690. Property taxes in Valencia 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 Valencia'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 Valencia 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
Valencia, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Valencia, California Tax Savings
Ownwell’s Valencia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valencia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valencia 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 Valencia. 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 Valencia, California
Property taxes in Valencia, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valencia is 1.43%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Valencia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valencia 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 Valencia's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91354 zip code has the highest median property tax rate of 1.49%, while the 91381 zip code has the lowest median tax rate of 1.34%. Understanding how these cities compare with Valencia 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 Valencia Tax Rate
1.43%
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 Valencia, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91354 | 1.34% | 1.40% | 1.49% | 1.75% | 1.93% |
91355 | 1.30% | 1.34% | 1.40% | 1.50% | 1.68% |
91381 | 0.77% | 1.27% | 1.34% | 1.41% | 1.63% |
Source: Ownwell
$1,148
Average Valencia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valencia, California
In Valencia, 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 Valencia, 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. For instance, the highest median tax bill in Valencia is $11,011 in the 91381 zip code, while the lowest median tax bill is $6,322 in the 91355 zip code. Being aware of these valuation processes in Valencia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Valencia, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Valencia Assessed Value
$535,444
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 Valencia, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91354 | $313,484 | $429,932 | $567,017 | $718,190 | $853,128 |
91355 | $195,732 | $318,579 | $460,862 | $639,536 | $806,310 |
91381 | $453,912 | $603,500 | $778,770 | $1,031,618 | $1,463,701 |
Source: Ownwell
$1,148
Average Valencia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valencia, California
In Valencia, located in Los Angeles County, CA, property tax bills are determined by the assessed value of a home, which is generally based on its market value. The median home price in Valencia is $535,444. Property tax rates in this region can vary, but they are often higher than the national median property tax rate of 0.99%. For instance, homeowners in Valencia can expect tax bills ranging from $5,427 at the 25th percentile to $12,962 at the 90th percentile, with the highest median tax bill reaching $11,011 in the 91381 zip code. Several factors influence property tax bills, including changes in market value, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners' finances, making it crucial to ensure that assessments are accurate and fair. Ownwell helps homeowners in Valencia save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential savings opportunities, Ownwell ensures you are not overpaying on your property taxes.
Average Valencia Tax Bill
$7,568
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 Valencia, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91354 | $4,762 | $6,496 | $8,575 | $11,052 | $13,914 |
91355 | $3,348 | $4,628 | $6,322 | $8,464 | $10,447 |
91381 | $5,166 | $8,027 | $11,011 | $14,877 | $19,664 |
Source: Ownwell
$1,148
Average Valencia 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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