Laguna Woods, California Property Taxes
The median property tax rate in Laguna Woods, CA is 1.03%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $304,317 in Laguna Woods, the typical annual property tax bill is $3,105, which surpasses the national median of $2,690. Property taxes in Laguna Woods are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Laguna Woods' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Laguna Woods 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
Laguna Woods, 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 Laguna Woods, California Tax Savings
Ownwell’s Laguna Woods Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laguna Woods with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laguna Woods 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 Laguna Woods. 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 Laguna Woods, California
Property taxes in Laguna Woods, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laguna Woods is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Laguna Woods set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laguna Woods 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 Laguna Woods' effective property tax rate to other areas and the national median. For comparison, the zip code 92637 has both the highest and lowest median property tax rate of 1.03%. Understanding how these figures compare with Laguna Woods 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 Laguna Woods Tax Rate
1.03%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laguna Woods, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92637 | 0.99% | 1.01% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
$1,148
Average Laguna Woods Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Laguna Woods, California
In Laguna Woods, 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 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 Laguna Woods, 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 Laguna Woods helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 92637, with a median tax bill of $3,105, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Laguna Woods, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Laguna Woods Assessed Value
$304,317
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 Laguna Woods, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92637 | $123,174 | $198,286 | $304,317 | $438,670 | $636,070 |
Source: Ownwell
$1,148
Average Laguna Woods Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Laguna Woods, California
Property tax bills in Laguna Woods, Orange County, CA, are calculated based on the assessed value of a property, which is often lower than its market value. The median home price in Laguna Woods stands at $304,317. Property tax rates in this area can vary, but the median tax bill is $3,105, aligning with the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Laguna Woods might see tax bills ranging from $2,006 at the 25th percentile to $6,473 at the 90th percentile. Such variations can significantly impact household budgets. 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 values and securing eligible exemptions, thereby reducing their overall tax burden. This ensures homeowners pay only their fair share, offering substantial savings and financial relief.
Average Laguna Woods Tax Bill
$3,105
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Laguna Woods, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92637 | $1,249 | $2,006 | $3,105 | $4,482 | $6,473 |
Source: Ownwell
$1,148
Average Laguna Woods 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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