La Palma, California Property Taxes
The median property tax rate in LA PALMA, CA is 1.16%, which is 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 $471,170, the typical annual property tax bill in LA PALMA reaches $5,478, significantly surpassing the national median of $2,690. Property taxes in LA PALMA 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 PALMA'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 LA PALMA 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
La Palma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$5,466
$5,162
$1,148
Average La Palma, California Tax Savings
Ownwell’s LA PALMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PALMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PALMA 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 PALMA. 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 Palma, California
Property taxes in LA PALMA, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA PALMA is 1.16%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within LA PALMA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PALMA 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 PALMA's effective property tax rate to other counties in California and the national median. For comparison, the 90623 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with LA PALMA 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.
Average La Palma Tax Rate
1.16%
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 Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | 1.13% | 1.14% | 1.16% | 1.20% | 1.38% |
Source: Ownwell
$1,148
Average La Palma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Palma, California
In LA PALMA, 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 PALMA, 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 LA PALMA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 90623 has both the highest and lowest median tax bill at $5,478.
Property Tax Assessment Values Across La Palma, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average La Palma Assessed Value
$471,170
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 Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | $112,034 | $296,072 | $471,170 | $707,687 | $849,641 |
Source: Ownwell
$1,148
Average La Palma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Palma, California
In La Palma, located in Orange County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price here is $471,170. Property tax rates in La Palma are influenced by various factors, including local tax levies and assessments for public services and infrastructure. Homeowners in La Palma face tax bills ranging from $3,540 at the 25th percentile to $9,618 at the 90th percentile, with the highest median tax bill recorded at $5,478 in the 90623 zip code. These tax bills can significantly impact homeowners, making it essential to ensure that their property is accurately assessed. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax burdens. Our team reviews your property's assessed value, identifies discrepancies, and submits appeals on your behalf, aiming to save you money and ensure fair taxation.
Average La Palma Tax Bill
$5,478
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 Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | $1,541 | $3,540 | $5,478 | $8,069 | $9,618 |
Source: Ownwell
$1,148
Average La Palma 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 | |
|---|---|
| Orange Tax Assessor | |
| Phone | (714) 834-2331 |
| Website | assr.parcelquest.com |
| taxpayeradvocate@asr.ocgov.com | |
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