Chatsworth, California Property Taxes
The median property tax rate in Chatsworth, CA is 1.07%, 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 Chatsworth at $375,244, the typical annual property tax bill reaches $3,917, surpassing the national median of $2,690. Property taxes in Chatsworth 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 Chatsworth'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 Chatsworth 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
Chatsworth, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,015
$3,726
Ownwell’s Chatsworth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chatsworth quickly and accurately. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Chatsworth to project your property tax bill. This invaluable tool provides clarity on potential tax obligations, helping you plan your finances more effectively. If you're curious about neighborhood-level trends, scroll down for more detailed information. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Chatsworth, California
Property taxes in Chatsworth, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatsworth is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Chatsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatsworth 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 Chatsworth's effective property tax rate to other counties in California and the national median. For comparison, the 91311 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Chatsworth 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 Chatsworth 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 Chatsworth, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91311 | 1.06% | 1.06% | 1.07% | 1.09% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Chatsworth, California
In Chatsworth, 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 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 Chatsworth, 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 Chatsworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 91311 has both the highest and lowest median tax bill at $3,917.
Average Chatsworth Assessed Value
$375,244
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 Chatsworth, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91311 | $96,552 | $232,044 | $375,244 | $615,043 | $740,155 |
Source: Ownwell
Property Tax Bills Across Chatsworth, California
In Chatsworth, property tax bills are calculated based on the assessed value of a home, which is determined by the Ventura County Assessor's Office. The assessed value is typically a percentage of the property's market value. For instance, with the median home price in Chatsworth at $375,244, the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. In Chatsworth, the 25th percentile tax bill is around $2,415, while the 75th percentile tax bill reaches $5,968. The 90th percentile tax bill can be as high as $7,779. Comparatively, the national median property tax rate stands at 0.99%, which provides a benchmark to evaluate Chatsworth's tax rates. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thus playing a crucial role in community development and maintenance.
Average Chatsworth Tax Bill
$3,917
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Chatsworth, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91311 | $1,034 | $2,415 | $3,917 | $5,968 | $7,779 |
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 |