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Sunday, November 24, 2024

Analysis: Los Angeles County effective property tax rates were lower than the national average in Q1

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Property owners in Los Angeles County paid 0.6% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.5 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 first quarter of 2024 was $964,000, based on data from the 290 properties sold during that time. In 2024, the median tax bill for the county was $5,827, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 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 Santa Clarita Valley CDP paid the highest tax rate of 1.2%.

The above article calculates the effective property tax rate for 2024 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 Santa Clarita Valley CDP 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 first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Santa Clarita Valley CDP3$835,000$9,8681.2%
Lancaster6$457,500$4,5781%
Palmdale7$476,000$4,8441%
Santa Clarita13$640,000$6,6911%
Downey2$699,000$5,7770.8%
Compton3$590,000$4,8740.8%
Cerritos2$712,000$5,7420.8%
Azusa3$591,500$4,4350.7%
Alhambra3$805,000$5,5050.7%
Monterey Park2$810,000$5,8210.7%
Santa Fe Springs3$680,000$4,7420.7%
Long Beach15$790,000$5,4230.7%
Lakewood6$830,000$5,5200.7%
Antelope Valley CDP6$402,500$3,0130.7%
Calabasas2$1,834,250$10,7780.6%
San Gabriel2$1,077,500$6,8930.6%
Beverly Hills2$3,492,500$22,0560.6%
Whittier4$952,500$5,7610.6%
Norwalk2$765,000$4,6020.6%
Rancho Palos Verdes 3$1,850,000$10,5900.6%
Los Angeles122$1,122,500$6,0290.5%
Glendale6$1,277,500$6,3580.5%
Arcadia2$1,950,000$9,5170.5%
Torrance9$1,345,000$6,9730.5%
Altadena CDP4$1,300,000$6,4400.5%
Hacienda Heights CDP2$1,129,500$5,6650.5%
Pasadena4$1,647,500$6,6380.4%
Temple City2$1,560,000$6,7460.4%
West Whittier / Los Nietos CDP2$980,000$4,3200.4%
Malibu3$7,912,500$23,0210.3%
Manhattan Beach2$4,700,000$15,3860.3%
Ladera Heights / Viewpark - Windsor Hills CDP2$2,462,500$7,5340.3%
Burbank2$2,587,500$6,1770.2%

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