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Valley Village, California Property Taxes

The median property tax rate in Valley Village, CA is 1.18%, slightly below the California state median of 1.21% but still higher than the national median of 0.99%. With a median home value of $587,333, the typical annual property tax bill in Valley Village reaches $6,755, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences. Understanding the property tax system in Valley Village, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Valley Village or another part of Los Angeles County, mastering the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Valley Village, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.18%

Estimate Property Tax Bill

$6,931

$6,431

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Valley Village, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Village is 1.18%, higher than the U.S. national median of 0.99%. Local government entities within Valley Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Village 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 Valley Village's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91607 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Valley Village 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 Valley Village, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Valley Village 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 Valley Village, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
916071.16%1.17%1.18%1.21%1.27%

Source: Ownwell

Property Tax Assessment Values Across Valley Village, California

In Valley Village, 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 Valley Village, 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 Valley Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 91607 has both the highest and lowest median tax bill at $6,755, highlighting the importance of understanding your specific situation.

Property Tax Assessment Values Across Valley Village, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Valley Village Assessed Value

$587,333

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 Valley Village, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91607$179,191$354,342$587,333$957,708$1,393,320

Source: Ownwell

Property Tax Bills Across Valley Village, California

In Valley Village, Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. The assessed value is influenced by the market value of the property, recent sales data, and any improvements made to the home. Homeowners in Valley Village face a median property tax bill of $6,755, significantly higher than the national median property tax rate of 0.99%. Factors such as location, size, and condition of the property can also affect the assessed value, leading to varying tax bills. For example, the tax bill at the 25th percentile is $4,104, while at the 75th percentile, it reaches $10,840, and at the 90th percentile, it soars to $15,540. Ownwell can help homeowners in Valley Village save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that your property is accurately assessed and identifying potential tax exemptions, Ownwell can help reduce your tax burden and save you money.

Property Tax Bills Across Valley Village, California

Source: Ownwell

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$823

$26,956

$53,089

Average Valley Village Tax Bill

$6,755

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 Valley Village, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91607$2,212$4,104$6,755$10,840$15,540

Source: Ownwell

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