Venice, California Property Taxes
The median property tax rate in Venice, CA is 1.17%, slightly higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $991,278 in Venice, the typical annual property tax bill reaches $11,010, significantly exceeding the national median of $2,690. Property taxes in Venice 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 Venice'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 Venice 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
Venice, 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 Venice, California Tax Savings
Ownwell’s Venice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Venice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Venice 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 Venice. 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 Venice, California
Property taxes in Venice, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venice is 1.17%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Venice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venice 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 Venice's effective property tax rate to other areas in California and the national median. For comparison, the 90291 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Venice 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 Venice Tax Rate
1.17%
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 Venice, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90291 | 1.15% | 1.16% | 1.17% | 1.20% | 1.31% |
Source: Ownwell
$1,148
Average Venice Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Venice, California
In Venice, 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 Appraisal District 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 Venice, 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 Venice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Venice is $11,010 in the zip code 90291, which is both the highest and lowest median tax bill in the area.
Average Venice Assessed Value
$991,278
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 Venice, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90291 | $153,561 | $413,608 | $991,278 | $1,861,070 | $2,721,379 |
Source: Ownwell
$1,148
Average Venice Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Venice, California
In Venice, Los Angeles County, property tax bills are primarily based on the assessed value of your home, which is determined by the Los Angeles County Assessor's Office. The assessed value is often influenced by the market value of the property, recent sales data, and any improvements made to the home. With a median home price of $991,278, property taxes can be a significant expense for homeowners. The tax bill for the 25th percentile is around $4,792, while those in the 90th percentile can see bills as high as $30,625. Given that the national median property tax rate is 0.99%, Venice homeowners face varying tax burdens depending on their property's assessed value. The highest and lowest median tax bills in Venice are both $11,010, indicating a wide range of tax liabilities within the same ZIP code. Ownwell can help homeowners in Venice by reviewing their property assessments and identifying potential discrepancies or errors. By filing appeals and seeking exemptions, Ownwell aims to reduce your property tax bill, ensuring you only pay what is fair and potentially saving you thousands of dollars annually.
Average Venice Tax Bill
$11,010
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 Venice, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90291 | $1,935 | $4,792 | $11,010 | $20,720 | $30,625 |
Source: Ownwell
$1,148
Average Venice 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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