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Wednesday, November 27, 2024

Analysis: Los Angeles County effective property tax rates were lower than the national average in Q2 2023

Realestate2

Property owners in Los Angeles County paid 0.7% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.6 times the national average, according to the real estate analysis posted by North SGV News.

The median sales price of a Los Angeles County home in the second quarter of 2023 was $850,000, based on data from the 4,387 properties sold during that time. In 2023, the median tax bill for the county was $5,615, which is 0.7% of the median value of the homes that were taxed.

This is 0.6 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Los Angeles County real estate data showed homeowners in Commerce and Walnut Park CDP paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Commerce with some other cities belonging to Los Angeles County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Commerce3$285,000$3,7571.3%
Walnut Park CDP5$352,000$4,3511.2%
Lancaster (unincorporated) 6$415,000$4,1951%
Lancaster131$435,000$4,4111%
Palmdale93$490,000$4,6681%
Santa Clarita Valley CDP41$920,000$9,5091%
Santa Clarita122$742,500$6,4480.9%
Signal Hill5$660,000$6,0890.9%
Avalon CDP3$1,050,000$9,7770.9%
West Chatsworth CDP3$515,000$4,7620.9%
Castaic 12$812,500$6,9670.9%
Monrovia22$840,000$6,8420.8%
San Marino6$2,192,510$17,8700.8%
San Gabriel7$850,000$6,6430.8%
Beverly Hills18$2,647,770$21,2540.8%
West Hollywood14$903,250$7,5400.8%
Diamond Bar34$800,000$6,2600.8%
La Habra Heights5$1,250,000$10,1270.8%
Compton19$570,000$4,6970.8%
Lawndale8$712,000$5,6020.8%
North Whittier CDP6$687,500$5,2340.8%
Hacienda Heights CDP25$725,000$5,4590.8%
Rowland Heights CDP15$820,000$6,6160.8%
San Fernando5$645,000$4,3130.7%
Arcadia33$1,357,010$9,1710.7%
Agoura Hills15$975,000$7,1630.7%
Westlake Village14$1,306,260$8,8040.7%
Azusa19$614,000$4,2740.7%
Claremont23$1,000,010$6,5140.7%
San Dimas15$842,000$5,8200.7%
Baldwin Park19$619,000$4,1620.7%
Covina19$735,000$5,0910.7%
El Monte19$680,000$4,9380.7%
West Covina36$752,500$5,1390.7%
Monterey Park23$793,500$5,6090.7%
Malibu16$3,062,510$22,1840.7%
Walnut11$1,085,010$7,5000.7%
Santa Monica37$1,450,010$10,7960.7%
Montebello13$750,000$5,5260.7%
Whittier23$815,000$5,5520.7%
Pico Rivera7$614,000$4,4390.7%
Maywood2$627,500$4,4340.7%
Downey21$775,000$5,5670.7%
South Gate10$625,000$4,3310.7%
Lynwood8$676,500$4,5510.7%
Hawthorne20$757,500$5,4280.7%
Norwalk20$662,500$4,4350.7%
La Mirada30$825,000$5,5310.7%
Paramount12$603,500$4,0930.7%
Long Beach203$775,000$5,2260.7%
Lakewood41$771,000$5,3200.7%
Lomita8$870,000$6,2450.7%
Palos Verdes Estates 7$2,581,020$17,4430.7%
Rolling Hills Estates6$1,689,510$12,3720.7%
Antelope Valley CDP55$439,000$2,9030.7%
East Irwindale CDP5$650,000$4,2590.7%
Valinda CDP4$625,000$4,2970.7%
Palmdale (unincorporated) 2$670,000$4,9850.7%
Los Angeles1,321$990,000$5,8100.6%
Glendale54$1,061,010$6,1270.6%
Pasadena67$1,150,010$6,3970.6%
Duarte5$870,000$5,1390.6%
Glendora22$899,500$5,7270.6%
Sierra Madre8$1,192,510$7,7510.6%
Calabasas27$1,640,010$10,3860.6%
South Pasadena10$1,580,000$8,7310.6%
Temple City16$1,067,510$6,5000.6%
Pomona45$650,000$4,0400.6%
Alhambra20$893,750$5,3050.6%
Rosemead8$845,000$5,1160.6%
South El Monte4$684,000$3,9470.6%
La Puente8$622,500$3,8980.6%
Culver City22$1,152,505$6,7640.6%
Inglewood33$740,000$4,4850.6%
Santa Fe Springs3$830,000$4,5700.6%
Gardena20$743,500$4,3930.6%
Bellflower20$780,000$4,8640.6%
Redondo Beach45$1,365,010$8,7030.6%
Torrance71$1,154,010$6,7200.6%
Carson18$725,000$4,5880.6%
Artesia10$743,000$4,7050.6%
Hermosa Beach12$1,807,505$10,5370.6%
Rancho Palos Verdes 29$1,760,010$10,2050.6%
Covina Islands CDP3$695,000$4,1070.6%
East LA CDP20$685,000$4,2340.6%
Altadena CDP29$1,095,000$6,2060.6%
South San Jose Hills CDP5$650,000$3,7560.6%
La Crescenta / Montrose CDP9$1,200,000$7,1110.6%
Avocado Heights CDP6$750,000$4,7000.6%
Athens/West Compton CDP4$630,000$3,4940.6%
South Whittier / Sunshine Acres CDP27$745,000$4,5970.6%
East Pasadena / East San Gabriel CDP8$1,255,500$7,1120.6%
West Carson CDP7$760,000$4,5450.6%
Charter Oak CDP7$715,000$4,4240.6%
West Puente Valley CDP2$672,500$3,9740.6%
Willowbrook CDP7$565,000$3,6040.6%
West Athens / Westmont CDP14$825,000$5,0780.6%
Florence - Graham CDP14$667,500$3,9820.6%
South Monrovia Islands CDP4$975,005$6,1910.6%
West Whittier / Los Nietos CDP10$705,000$4,1630.6%
Compton (unincorporated) 3$620,000$3,5710.6%
Arcadia (unincorporated) 2$947,505$5,8370.6%
La Canada Flintridge8$2,676,020$13,5180.5%
Burbank42$1,225,005$5,9530.5%
La Verne19$1,089,010$5,5390.5%
El Segundo6$1,662,005$8,2520.5%
Manhattan Beach23$2,775,000$14,8270.5%
Cerritos16$1,007,505$5,5330.5%
Malibu Coastal Zone CDP9$2,030,020$10,6940.5%
Alondra Park CDP2$1,142,505$5,4520.5%
South San Gabriel CDP2$952,505$4,7100.5%
Del Aire CDP5$1,068,010$5,6930.5%
Ladera Heights / Viewpark - Windsor Hills CDP12$1,410,005$7,2600.5%
San Gabriel (unincorporated) 2$1,212,005$5,5430.5%
West Hills (unincorporated) 2$1,505,010$6,6010.4%
Topanga (unincorporated) 4$3,107,010$8,2110.3%

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