Los Angeles County Property Taxes
As one of the largest and most populous counties in the United States, Los Angeles County is home to a diverse range of communities, each with its own unique housing market and property tax rates. Property taxes in LA County are influenced by several factors, including the assessed value of the home, the local tax rate, and any additional bonds or levies in the area.
For homeowners, understanding how much they can expect to pay in property taxes can have a significant impact on long-term financial planning. If you’re considering buying a home in Los Angeles County, or are just curious about the variations in property taxes across different communities, this blog will break down the top five communities with the highest and lowest property taxes.
Let’s explore which areas are shelling out the most—and which are benefiting from more affordable property taxes.
Communities with the Highest Property Taxes in LA County
Los Angeles County is home to some of the most luxurious and exclusive neighborhoods in the country. As a result, property taxes in these communities are significantly higher than the county’s average, often due to high property values, special assessments, and local tax measures.
1. Beverly Hills
- Average Property Tax Rate: 1.16%
- Median Home Price: $3.8 million
- Average Annual Property Tax: $44,080
Beverly Hills is synonymous with luxury, and it’s no surprise that it ranks at the top of the list for property taxes. With sprawling estates, multi-million dollar mansions, and some of the most expensive real estate in the country, homeowners in Beverly Hills can expect to pay well above the LA County average in property taxes. The combination of high home values and various local tax measures contribute to the steep tax bills here.
2. Malibu
- Average Property Tax Rate: 1.12%
- Median Home Price: $3.6 million
- Average Annual Property Tax: $40,320
With its stunning oceanfront properties and celebrity residents, Malibu commands some of the highest home prices in the region. Property taxes are elevated by the area’s premium real estate, with many homes assessed at several million dollars. Additionally, Malibu homeowners often pay for specific local bonds aimed at funding community services, fire protection, and public works.
3. Bel Air
- Average Property Tax Rate: 1.15%
- Median Home Price: $3.3 million
- Average Annual Property Tax: $37,950
Bel Air is another highly affluent area within Los Angeles, known for its exclusive estates and gated communities. The property tax rates in Bel Air reflect its status as a top-tier luxury neighborhood, with homeowners typically facing high annual tax bills. Custom estates and large properties push up the tax burden, making Bel Air one of the most expensive areas for property taxes in LA County.
4. Santa Monica
- Average Property Tax Rate: 1.13%
- Median Home Price: $2.5 million
- Average Annual Property Tax: $28,250
Santa Monica, with its prime beachfront real estate and urban amenities, has seen a substantial rise in property values over the years. The city’s high property taxes are largely due to the desirability of its location, which continues to attract affluent buyers. With numerous bond measures passed by voters to support schools, parks, and infrastructure, property taxes here can be higher than in other parts of the county.
5. Manhattan Beach
- Average Property Tax Rate: 1.10%
- Median Home Price: $2.8 million
- Average Annual Property Tax: $30,800
Manhattan Beach is known for its high-end homes and beachfront properties, making it a sought-after destination for affluent buyers. The city’s property taxes reflect this status, with homes regularly assessed at values that push the upper end of the market. In addition to general tax rates, the city has implemented various school bonds and levies, which contribute to the overall property tax burden.
Communities with the Lowest Property Taxes in LA County
While LA County has its fair share of high-tax communities, there are still areas where property taxes remain relatively affordable. These communities tend to have lower home values, and local tax measures are often less burdensome compared to more affluent neighborhoods. Here are five communities where residents pay the least in property taxes.
1. Lancaster
- Average Property Tax Rate: 1.08%
- Median Home Price: $430,000
- Average Annual Property Tax: $4,644
Lancaster, located in the northern part of Los Angeles County, is known for its affordability, especially when compared to coastal or urban areas. While the tax rate itself is comparable to the county average, the much lower home prices in Lancaster result in significantly smaller annual property tax bills. Lancaster also has fewer special assessments and bonds, keeping overall taxes more manageable for homeowners.
2. Palmdale
- Average Property Tax Rate: 1.09%
- Median Home Price: $440,000
- Average Annual Property Tax: $4,796
Like Lancaster, Palmdale is located in the Antelope Valley region and offers more affordable housing options. The combination of relatively low home prices and a moderate tax rate makes Palmdale one of the more budget-friendly areas for property owners. Homeowners in Palmdale benefit from fewer additional local taxes, which helps to keep overall property tax bills on the lower side.
3. Compton
- Average Property Tax Rate: 1.11%
- Median Home Price: $515,000
- Average Annual Property Tax: $5,716
Compton has long been one of the more affordable communities in the LA County area, though home values have been rising in recent years. Despite this, property taxes in Compton remain relatively low compared to many other parts of the county. The city has fewer special assessments, meaning homeowners generally pay less in additional taxes beyond the base property tax rate.
4. Pomona
- Average Property Tax Rate: 1.09%
- Median Home Price: $580,000
- Average Annual Property Tax: $6,322
Located in the eastern part of LA County, Pomona is known for its more affordable housing options and lower property taxes compared to the coastal or more urban parts of the county. While property values have risen here in recent years, the overall tax burden remains relatively low, making Pomona an attractive destination for buyers seeking affordability.
5. San Fernando
- Average Property Tax Rate: 1.10%
- Median Home Price: $600,000
- Average Annual Property Tax: $6,600
The city of San Fernando, located in the San Fernando Valley, offers a more affordable tax environment than some of the larger, more expensive cities nearby. Home values are lower, and property taxes are more manageable, allowing homeowners to maintain a lower overall cost of living while still being within commuting distance of the greater LA area.
Conclusion
When it comes to property taxes in LA County, there’s a significant range depending on the community you choose to live in. Wealthier areas like Beverly Hills, Malibu, and Bel Air carry the highest tax burdens, while more affordable areas such as Lancaster, Palmdale, and Compton offer a respite from high tax bills.
Understanding property taxes is crucial for potential buyers, as these costs can add up over time and impact long-term financial planning. If you’re considering buying a home in LA County, knowing where property taxes are highest and lowest can help you make an informed decision about where to settle down.
At VIP Realty, we’re here to help guide you through the complexities of the LA County housing market. Whether you’re looking for luxury living or a more affordable option, we can help you find the perfect property for your needs. Reach out to us today!
Posted by Richard Soto on
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