Los Alamitos, California Property Taxes
The median property tax rate in Los Alamitos, CA is 1.18%, which is considerably 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 $639,383 in Los Alamitos, the typical annual property tax bill reaches $7,572, significantly exceeding the national median of $2,690. Property taxes in Los Alamitos are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Los Alamitos' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Los Alamitos 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
Los Alamitos, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$7,545
$7,125
$1,148
Average Los Alamitos, California Tax Savings
Ownwell’s LOS ALAMITOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOS ALAMITOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOS ALAMITOS 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 LOS ALAMITOS. 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 Los Alamitos, California
Property taxes in Los Alamitos, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Alamitos is 1.18%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Los Alamitos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Alamitos 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. Understanding how Los Alamitos compares with other regions in Orange County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Los Alamitos Tax Rate
1.18%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Alamitos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90720 | 1.14% | 1.15% | 1.18% | 1.26% | 1.55% |
Source: Ownwell
$1,148
Average Los Alamitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Los Alamitos, California
In LOS ALAMITOS, CA, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Orange 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 LOS ALAMITOS, 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. For instance, the median home price in LOS ALAMITOS is $639,383, with tax bills ranging from $4,139 at the 25th percentile to $15,429 at the 90th percentile. The zip code 90720 has the highest and lowest median tax bill of $7,571. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Los Alamitos, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Los Alamitos Assessed Value
$639,383
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 Los Alamitos, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90720 | $108,631 | $325,954 | $639,366 | $1,011,762 | $1,356,361 |
Source: Ownwell
$1,148
Average Los Alamitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Los Alamitos, California
In Los Alamitos, property tax bills are calculated based on the assessed value of the home, which is determined by the Orange County Assessor's Office. Factors such as the property's market value, location, and any improvements made to the property are considered. The median home price in Los Alamitos is $639,383, with property tax rates in Orange County contributing to a median tax bill of $7,571. This amount is significantly higher than the national median property tax rate of 0.99%, placing a notable financial burden on homeowners. Ownwell assists homeowners in Los Alamitos by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can help reduce the assessed value, leading to lower tax bills. Homeowners can potentially save thousands of dollars annually, making homeownership more affordable. With Ownwell’s guidance, navigating the complexities of property tax appeals becomes a streamlined process, ensuring homeowners pay only their fair share.
Average Los Alamitos Tax Bill
$7,572
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Alamitos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90720 | $1,750 | $4,138 | $7,571 | $11,665 | $15,429 |
Source: Ownwell
$1,148
Average Los Alamitos 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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