Simi Valley, California Property Taxes
The median property tax rate in Simi Valley, CA is 1.19%, which is higher than both the national median of 0.99% and slightly below the California state median of 1.21%. With a median home value of $482,272 in Simi Valley, the typical annual property tax bill amounts to $5,617, significantly exceeding the national median of $2,690. Property taxes in Simi Valley are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences. Understanding Simi Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Simi Valley or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Simi Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$5,739
$5,326
Ownwell’s Simi Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Simi Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Simi Valley 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 Simi Valley, California
Property taxes in Simi Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Simi Valley is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Simi Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Simi Valley 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 Simi Valley's effective property tax rate to other areas in California and the national median. For comparison, the 93063 zip code has the highest median property tax rate of 1.19%, while the 91304 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Simi Valley 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 Simi Valley Tax Rate
1.19%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Simi Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | 1.04% | 1.09% | 1.10% | 1.14% | 1.15% |
| 91311 | 1.08% | 1.09% | 1.14% | 1.22% | 1.26% |
| 93063 | 1.09% | 1.16% | 1.19% | 1.27% | 1.41% |
| 93065 | 1.11% | 1.15% | 1.18% | 1.25% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Simi Valley, California
In Simi Valley, 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 Assessor's Office 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 Simi Valley, 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 Simi Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Simi Valley is $5,962 in the 93065 zip code, while the lowest is $512 in the 91311 zip code.
Property Tax Assessment Values Across Simi Valley, California
Source: Ownwell
$4,006
$799,425
$1,594,844
Average Simi Valley Assessed Value
$482,272
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 Simi Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | $43,640 | $49,328 | $100,915 | $157,880 | $201,725 |
| 91311 | $17,611 | $22,001 | $44,664 | $72,090 | $170,492 |
| 93063 | $143,397 | $278,571 | $443,304 | $638,202 | $802,854 |
| 93065 | $187,609 | $315,494 | $513,247 | $707,186 | $923,100 |
Source: Ownwell
Property Tax Bills Across Simi Valley, California
In Simi Valley, Ventura County, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is influenced by factors such as the property's market value, improvements, and any applicable exemptions. Homeowners in Simi Valley typically see a range of property tax bills, with the 25th percentile at $3,692 and the 75th percentile at $7,651 annually. The highest median tax bill in the area reaches $5,962 in the 93065 zip code, while the lowest median tax bill is $512 in the 91311 zip code. These tax bills are crucial for homeowners as they directly impact the cost of owning property in Simi Valley. With a median home price of $482,272, the property tax rate can significantly influence a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, the property tax rates in Simi Valley can vary, affecting affordability and long-term financial planning for residents.
Average Simi Valley Tax Bill
$5,617
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Simi Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91304 | $501 | $562 | $1,106 | $1,456 | $1,814 |
| 91311 | $223 | $270 | $512 | $805 | $1,856 |
| 93063 | $1,953 | $3,476 | $5,220 | $7,299 | $9,029 |
| 93065 | $2,451 | $3,873 | $5,962 | $7,960 | $10,436 |
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 |