La Honda, California Property Taxes
The median property tax rate in LA HONDA, CA is 1.15%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in LA HONDA, the typical annual property tax bill reaches $5,821, significantly exceeding the national median of $2,690. Property taxes in LA HONDA are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA HONDA'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 HONDA 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 Honda, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$5,757
$5,343
$1,148
Average Tax Savings
Ownwell’s LA HONDA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA HONDA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA HONDA 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 HONDA. 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 Honda, California
Property taxes in LA HONDA, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA HONDA is 1.15%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within LA HONDA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA HONDA 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 HONDA's effective property tax rate to other counties in California and the national median. For comparison, the 94020 zip code has the highest median property tax rate of 1.15%, while the 94020 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with LA HONDA provides valuable insights into the varying tax landscape across San Mateo, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Honda Tax Rate
1.15%
Average San Mateo County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Honda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94020 | 1.08% | 1.09% | 1.15% | 1.22% | 1.35% |
Source: Ownwell
$1,148
Average La Honda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Honda, California
In LA HONDA, 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 San Mateo 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 LA HONDA, 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. The median home price in LA HONDA is $500,648, with tax bills ranging from $3,431 at the 25th percentile to $12,193 at the 90th percentile. The highest and lowest median tax bill in the area is $5,821, found in the 94020 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across La Honda, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average La Honda Assessed Value
$500,648
Average San Mateo County Assessed Value
$685,382
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Honda, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94020 | $139,980 | $287,233 | $500,648 | $779,936 | $1,128,332 |
Source: Ownwell
$1,148
Average La Honda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Honda, California
In La Honda, located in San Mateo County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate, which in this region, results in a median tax bill of $5,821. Factors such as the home's market value, any improvements made, and local tax levies all play a role in determining the final tax bill. For homeowners, this can mean a significant annual expense, with tax bills ranging from $3,431 at the 25th percentile to as high as $12,193 at the 90th percentile. Ownwell can assist homeowners in La Honda by providing expert property tax appeal and exemption services. By thoroughly analyzing your property's assessed value and comparing it to market conditions, Ownwell identifies opportunities to challenge over-assessments. This can result in substantial savings, reducing the financial burden on homeowners and ensuring they are not overpaying on their property taxes.
Average La Honda Tax Bill
$5,821
Average San Mateo County Tax Bill
$8,692
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across La Honda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94020 | $1,730 | $3,431 | $5,821 | $8,743 | $12,193 |
Source: Ownwell
$1,148
Average La Honda 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 | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Mateo Tax Assessor | |
| Website | county-taxes.net |
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