Canoga Park, California Property Taxes
The median property tax rate in Canoga Park, CA is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Canoga Park at $373,816, the typical annual property tax bill reaches $4,059, surpassing the national median of $2,690. Property taxes in Canoga Park are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Canoga Park'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 Canoga Park 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
Canoga Park, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,000
$3,712
Ownwell’s Canoga Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canoga Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canoga Park to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Canoga Park, California
Property taxes in Canoga Park, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canoga Park is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Canoga Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canoga Park 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 Canoga Park's effective property tax rate to other counties in California and the national median. For comparison, the 91304 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Canoga Park provides valuable insights into the varying tax landscape across Ventura County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canoga Park Tax Rate
1.07%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canoga Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | 1.06% | 1.07% | 1.07% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Canoga Park, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Canoga Park, California. 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 Ventura 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 Canoga Park, 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 Canoga Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Canoga Park is $4,059, both in the 91304 zip code.
Property Tax Assessment Values Across Canoga Park, California
Source: Ownwell
$4,006
$799,425
$1,594,844
Average Canoga Park Assessed Value
$373,816
Average Ventura County Assessed Value
$465,193
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canoga Park, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | $105,856 | $216,736 | $373,816 | $565,315 | $885,946 |
Source: Ownwell
Property Tax Bills Across Canoga Park, California
In Canoga Park, located in Ventura County, CA, property tax bills are primarily determined by the assessed value of a home, which is influenced by its market value. The median home price in this area is $373,816. Property taxes are calculated by applying the local tax rate to the assessed value. For instance, the national median property tax rate is 0.99%, but local rates may vary. Several factors contribute to the final tax bill, including property improvements and market fluctuations. For homeowners in Canoga Park, tax bills can range significantly. At the 25th percentile, tax bills are around $2,226, while those at the 75th percentile can reach $5,861. The 90th percentile sees even higher bills, up to $9,065. Notably, the highest and lowest median tax bills in the area are both $4,059, found in the 91304 zip code. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Canoga Park Tax Bill
$4,059
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Canoga Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | $1,133 | $2,226 | $4,059 | $5,861 | $9,065 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Ventura Tax Assessor | |
| Website | assessor.countyofventura.org |