Los Angeles, Utah Property Taxes
The median property tax rate in Los Angeles, UT is 0.55%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $844,350, the typical annual property tax bill in Los Angeles reaches $4,666, which far exceeds the national median of $2,690. Property taxes in Los Angeles are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Los Angeles'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 Los Angeles or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Los Angeles, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$4,644
Ownwell’s Los Angeles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Los Angeles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Los Angeles 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 Los Angeles, Utah
Property taxes in Los Angeles, Utah, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Angeles is 0.55%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Los Angeles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Angeles 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 Los Angeles's effective property tax rate to other counties in Utah and the national median. For comparison, the 90045 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these areas compare with Los Angeles provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Los Angeles Tax Rate
0.55%
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Angeles, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90045 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Los Angeles, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Los Angeles, Summit County, Utah. The market value represents 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 local authorities 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 Angeles, 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 Los Angeles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $4666, found in the 90045 zip code.
Average Los Angeles Assessed Value
$844,350
Average Summit County Assessed Value
$1,192,250
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Los Angeles, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90045 | $844,350 | $844,350 | $844,350 | $844,350 | $844,350 |
Source: Ownwell
Property Tax Bills Across Los Angeles, Utah
In Los Angeles, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Los Angeles is $844,350, and homeowners can expect a median tax bill of approximately $4,666. This figure is consistent across various percentiles, indicating a uniformity in tax assessments within the region. Factors influencing the assessed value include the property's market value, any improvements made, and comparable sales in the neighborhood. Homeowners should be aware that their tax bill can significantly impact their annual financial planning. With a median tax rate that aligns with the national median property tax rate of 0.99%, Los Angeles homeowners pay a substantial amount in property taxes, which contributes to local services and infrastructure. Understanding these elements can help homeowners better anticipate their property tax obligations.
Average Los Angeles Tax Bill
$4,666
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Angeles, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90045 | $4,666 | $4,666 | $4,666 | $4,666 | $4,666 |
Source: Ownwell