What is the property tax rate in Los Angeles?

The effective property tax rate in Los Angeles County is approximately 0.73% of assessed value. This includes the Proposition 13 base rate of 1% minus the effect of the assessed-value cap, plus voter-approved bonds and direct assessments that vary by district. The 1% base is the statutory ceiling under Prop 13.

How does Proposition 13 affect my property tax?

Proposition 13 caps the base property tax at 1% of assessed value and limits annual increases in assessed value to 2% per year while you own the property. Your assessed value is generally the purchase price, reassessed only on sale or major new construction — which is why long-time owners often pay far less than recent buyers.

What is the homeowners' exemption in California?

California's homeowners' exemption reduces the assessed value of your principal residence by $7,000 for tax purposes. At the ~0.73% effective rate that saves roughly $51 per year. You must file once with the county assessor; it then renews automatically as long as you occupy the home.

How is Los Angeles property tax calculated?

Multiply your assessed value (minus any homeowners' exemption) by the effective rate of about 0.73%. For a $700,000 home with the $7,000 exemption: ($700,000 - $7,000) x 0.0073 = about $5,059 per year. Actual bills include district-specific direct assessments that vary by location.

Los Angeles Property Tax Estimator — 0.73% Effective Rate

This estimator applies Los Angeles County’s effective property tax rate of about 0.73% to your assessed value. It reflects the Proposition 13 1% base rate plus voter-approved bonds and assessments, and lets you apply California’s $7,000 homeowners’ exemption.

How it works

Under Proposition 13, the base property tax is 1% of assessed value, with assessed value generally fixed at your purchase price and capped at 2% annual growth. Adding district bonds and direct assessments, the effective rate in LA County averages 0.73% of market value (effective rates run below 1% because assessed values often trail market values).

Taxable value = Assessed value - Homeowners’ exemption ($7,000) Annual tax = Taxable value x 0.0073

Example

A home assessed at $700,000 as a principal residence:

Taxable value: $700,000 − $7,000 = $693,000
Annual tax: $693,000 x 0.0073 = about $5,059
Monthly equivalent: about $422

Notes

The 0.73% figure is a county-wide effective average; your actual rate depends on Mello-Roos districts, school bonds, and other direct assessments tied to your parcel. Prop 13 means recent buyers typically pay more than long-time owners on similar homes. For an exact figure, check your annual bill from the Los Angeles County Assessor (assessor.lacounty.gov). This is a planning estimate, not tax advice.