Walnut, California Property Taxes
The median property tax rate in Walnut, CA is 1.27%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Walnut at $553,448, the typical annual property tax bill reaches $6,756, exceeding the national median of $2,690. Property taxes in Walnut 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 Walnut'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 Walnut 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
Walnut, 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 Walnut, California Tax Savings
Ownwell’s Walnut Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut 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 Walnut. 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 Walnut, California
Property taxes in Walnut, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut is 1.27%, higher than the U.S. national median of 0.99%. Local government entities within Walnut set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut 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 Walnut's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91789 zip code has the highest median property tax rate of 1.27%, while the 91789 zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Walnut 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 Walnut Tax Rate
1.27%
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 Walnut, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91788 | N/A | N/A | N/A | N/A | N/A |
91789 | 1.20% | 1.22% | 1.27% | 1.34% | 1.43% |
Source: Ownwell
$1,148
Average Walnut Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Walnut, California
In Walnut, 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 Walnut, 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. For instance, the median home price is $553,448, with tax bills ranging from $4,527 at the 25th percentile to $13,111 at the 90th percentile. The zip code 91789 has both the highest and lowest median tax bills at $6,756. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walnut Assessed Value
$553,448
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 Walnut, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91788 | N/A | N/A | N/A | N/A | N/A |
91789 | $241,549 | $354,996 | $553,448 | $811,384 | $1,123,922 |
Source: Ownwell
$1,148
Average Walnut Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Walnut, California
In Walnut, located in Los Angeles County, property tax bills are calculated based on the assessed value of the property. The median home price in Walnut stands at $553,448. Property tax rates in the area are influenced by local levies and bonds, resulting in a typical tax bill that ranges from $4,527 at the 25th percentile to $13,111 at the 90th percentile. The median tax bill in Walnut is $6,756, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and local government budget requirements contribute to the assessed value, directly impacting the homeowner's tax bill. High property taxes can place a considerable financial burden on homeowners. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By meticulously analyzing property assessments and identifying discrepancies, Ownwell helps homeowners in Walnut potentially reduce their tax bills, ensuring they pay only their fair share. This service can lead to substantial savings and financial relief for property owners.
Average Walnut Tax Bill
$6,756
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 Walnut, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91788 | N/A | N/A | N/A | N/A | N/A |
91789 | $2,778 | $4,528 | $6,756 | $9,642 | $13,112 |
Source: Ownwell
$1,148
Average Walnut 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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