Updated 2/1/2020
How Much Are Conejo Valley Property and Sales Taxes?
When you are looking to buy a home, taxes play a role in what you can afford. As a home buyer, you need to know how much our local taxes are and what is the difference between Ventura County and Los Angeles County. Since the county line runs right through the middle of Westlake Village, which county and city you live in will affect your taxes.
Ventura/L.A. County Line
Sales Taxes
| County | Sales Tax |
|---|---|
| Ventura County | 7.25% |
| Los Angeles County | 9.5% |
Property Taxes
Below is a general idea of what to expect to pay in property taxes in each city.
Important Note: 1% is the max that the county can collect. However, your local municipality can tack on additional fees like school bonds, special assessments for sewer lines, park improvement, etc. These assessments are not all reflected in the official “published rate” you’ll find online. They may also change or expire at any time so it would be very difficult to monitor every city/town. It’s probably safe to assume that the actual tax rate for each area will be closer to 1.25% give or take.
| City | Property Tax Rate |
|---|---|
| Thousand Oaks (includes Newbury Park and Ventura area of Westlake Village) | 1.0400% |
| Westlake Village (L.A. County) | 1.1063% |
| Agoura Hills | 1.1063% |
| Oak Park | 1.1642% |
| Calabasas | 1.0818% |
| Simi Valley | 1.0772% |
| Moorpark | 1.0751% |
What Can Cause Your Property Taxes To Change?
From the L.A. County Assessors office:
In 1978, California voters passed Proposition 13, which substantially reduced property tax rates. As a result, the maximum levy cannot exceed 1% of a property’s assessed value (plus bonded indebtedness and direct assessment taxes). Increases in assessed value are limited to 2% annually. Only four events can cause a reappraisal:
- A change in ownership;
- Completed new construction;
- New construction partially completed on the lien date (January 1); or
- A decline-in-value (see Market Value Decline – Prop. 8).
Tax rates can change regularly so you will want to check with the county assessors office:
Los Angeles County Assessor
Ventura County Assessor
Information deemed reliable but not guaranteed.
The Conejo Valley is one of the best places to live! If you would like to discuss buying or selling a home, let’s connect and/or call me anytime!
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