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La Mirada, California Property Taxes

The median property tax rate in La Mirada, CA is 1.19%, 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 La Mirada at $372,731, the typical annual property tax bill amounts to $4,428, significantly exceeding the national median of $2,690. Property taxes in La Mirada are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding La Mirada's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of La Mirada or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

La Mirada, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.19%

Estimate Property Tax Bill

$4,435

$4,116

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in La Mirada, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Mirada is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within La Mirada set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Mirada 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 La Mirada's effective property tax rate to other counties in California and the national median. For comparison, the 90638 zip code has the highest median property tax rate of 1.19%, while the 90638 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with La Mirada provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across La Mirada, California

Source: Ownwell

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1.01%

1.33%

1.65%

Average La Mirada Tax Rate

1.19%

Average Orange County Tax Rate

1.14%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across La Mirada, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
906381.14%1.15%1.19%1.31%1.55%

Source: Ownwell

Property Tax Assessment Values Across La Mirada, California

In LA MIRADA, 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 Orange County Assessor's Office 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 LA MIRADA, 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. With a median home price of $372,731, LA MIRADA's median property tax bill stands at $4,428, significantly higher than the national median property tax rate of 0.99%. Being aware of these valuation processes in LA MIRADA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across La Mirada, California

Source: Ownwell

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$10,700

$1,158,683

$2,306,666

Average La Mirada Assessed Value

$372,731

Average Orange County Assessed Value

$514,928

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across La Mirada, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90638$85,946$185,472$372,731$596,203$741,884

Source: Ownwell

Property Tax Bills Across La Mirada, California

In La Mirada, located in Orange County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price here is $372,731, and the property tax rate is applied to this assessed value. Various factors such as market conditions, property improvements, and local tax rates influence the final tax bill. Homeowners in La Mirada can expect property tax bills ranging from $2,429 at the 25th percentile to $8,437 at the 90th percentile, with the median tax bill being $4,428. These tax bills can significantly impact homeowners, often leading to financial strain. This is where Ownwell steps in to help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in potentially lowering their assessed property values, thus reducing their tax bills. With a deep understanding of local tax regulations and a track record of successful appeals, Ownwell ensures that homeowners pay only what is fair, helping them save money and achieve financial peace of mind.

Property Tax Bills Across La Mirada, California

Source: Ownwell

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$118

$12,784

$25,450

Average La Mirada Tax Bill

$4,428

Average Orange County Tax Bill

$5,879

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across La Mirada, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90638$1,320$2,429$4,428$6,855$8,437

Source: Ownwell

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