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Friday, December 27, 2024

Analysis: Los Angeles County effective property tax rates were lower than the national average in Q4 2023

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

The median sales price of a Los Angeles County home in the fourth quarter of 2023 was $837,000, based on data from the 2,919 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 Lennox CDP paid the highest tax rate of 1.1%.

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 Lennox 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 fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Lennox CDP3$469,000$5,3681.1%
Lancaster99$440,000$4,4111%
Palmdale60$485,000$4,6681%
Malibu9$2,300,020$22,1841%
Rolling Hills Estates3$1,300,010$12,3721%
Santa Clarita Valley CDP22$947,500$9,5091%
Castaic 13$725,000$6,9671%
Santa Clarita78$750,000$6,4480.9%
Westlake Village12$1,000,005$8,8040.9%
West Hollywood9$849,000$7,5400.9%
Culver City15$792,000$6,7640.9%
Glendora13$762,500$5,7270.8%
Claremont12$838,500$6,5140.8%
Walnut6$934,000$7,5000.8%
Santa Monica22$1,346,005$10,7960.8%
Montebello5$700,000$5,5260.8%
Cudahy2$629,500$4,9630.8%
Compton18$557,500$4,6970.8%
Paramount6$507,500$4,0930.8%
Lomita3$800,000$6,2450.8%
Rolling Hills3$3,800,000$28,5980.8%
Antelope Valley CDP32$385,000$2,9030.8%
North Whittier CDP4$626,500$5,2340.8%
Willowbrook CDP5$450,000$3,6040.8%
Lancaster (unincorporated) 8$633,000$4,1950.7%
Monrovia11$998,000$6,8420.7%
Duarte5$740,000$5,1390.7%
Agoura Hills11$1,032,510$7,1630.7%
Calabasas4$1,470,010$10,3860.7%
South Pasadena8$1,337,510$8,7310.7%
Temple City11$887,000$6,5000.7%
Pomona32$610,000$4,0400.7%
Monterey Park20$827,500$5,6090.7%
Diamond Bar22$854,500$6,2600.7%
Whittier25$773,000$5,5520.7%
Inglewood15$625,000$4,4850.7%
La Habra Heights6$1,435,010$10,1270.7%
Downey21$800,000$5,5670.7%
Norwalk18$660,000$4,4350.7%
El Segundo5$1,200,010$8,2520.7%
La Mirada14$815,000$5,5310.7%
Bellflower14$743,500$4,8640.7%
Lawndale6$792,500$5,6020.7%
Redondo Beach25$1,300,010$8,7030.7%
Artesia5$680,000$4,7050.7%
Signal Hill4$860,005$6,0890.7%
East Pasadena / East San Gabriel CDP7$980,000$7,1120.7%
Malibu Coastal Zone CDP3$1,465,010$10,6940.7%
West Athens / Westmont CDP17$740,000$5,0780.7%
Florence - Graham CDP9$560,000$3,9820.7%
Del Aire CDP4$865,000$5,6930.7%
Los Angeles917$990,000$5,8100.6%
San Fernando5$750,000$4,3130.6%
Pasadena48$1,107,260$6,3970.6%
Arcadia23$1,457,010$9,1710.6%
Sierra Madre2$1,395,005$7,7510.6%
Azusa11$665,000$4,2740.6%
San Dimas12$900,500$5,8200.6%
Beverly Hills10$3,610,030$21,2540.6%
Alhambra19$950,000$5,3050.6%
Baldwin Park12$662,500$4,1620.6%
Covina14$853,500$5,0910.6%
El Monte7$761,000$4,9380.6%
West Covina25$800,000$5,1390.6%
La Puente8$691,500$3,8980.6%
Pico Rivera7$700,000$4,4390.6%
Commerce5$645,000$3,7570.6%
Maywood3$690,000$4,4340.6%
Huntington Park6$782,500$4,8260.6%
Santa Fe Springs5$750,000$4,5700.6%
South Gate12$672,500$4,3310.6%
Lynwood8$708,000$4,5510.6%
Hawthorne8$973,505$5,4280.6%
Torrance39$1,080,010$6,7200.6%
Carson29$715,000$4,5880.6%
Long Beach107$820,000$5,2260.6%
Lakewood27$835,000$5,3200.6%
Walnut Islands CDP3$1,780,010$10,7520.6%
Covina Islands CDP2$693,500$4,1070.6%
East Irwindale CDP6$715,000$4,2590.6%
La Crescenta / Montrose CDP8$1,204,260$7,1110.6%
Avocado Heights CDP4$822,500$4,7000.6%
Athens/West Compton CDP7$590,000$3,4940.6%
South Whittier / Sunshine Acres CDP19$775,000$4,5970.6%
West Chatsworth CDP2$760,500$4,7620.6%
Valinda CDP2$665,500$4,2970.6%
Hacienda Heights CDP25$950,000$5,4590.6%
South Monrovia Islands CDP5$995,000$6,1910.6%
West Whittier / Los Nietos CDP2$715,000$4,1630.6%
Covina (unincorporated) 2$890,500$4,9980.6%
Glendale43$1,225,010$6,1270.5%
La Canada Flintridge13$2,498,020$13,5180.5%
Burbank30$1,098,510$5,9530.5%
La Verne6$1,050,005$5,5390.5%
San Marino5$3,288,030$17,8700.5%
San Gabriel5$1,237,510$6,6430.5%
Rosemead4$1,059,510$5,1160.5%
South El Monte2$865,000$3,9470.5%
Gardena12$816,000$4,3930.5%
Manhattan Beach11$3,010,030$14,8270.5%
Cerritos8$1,067,505$5,5330.5%
Hermosa Beach8$1,943,765$10,5370.5%
Hawaiian Gardens2$747,000$3,5700.5%
Rancho Palos Verdes 14$2,050,020$10,2050.5%
East LA CDP14$797,000$4,2340.5%
South San Jose Hills CDP4$712,500$3,7560.5%
West Carson CDP8$890,000$4,5450.5%
Rowland Heights CDP5$1,250,010$6,6160.5%
Altadena CDP16$1,397,510$6,2060.4%
Ladera Heights / Viewpark - Windsor Hills CDP7$1,728,000$7,2600.4%
San Gabriel (unincorporated) 2$1,295,000$5,5430.4%
Palos Verdes Estates 6$5,100,045$17,4430.3%

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