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September 28, 2019

How Much are Ventura County Property Taxes?

Ventura County Property Taxes

Taxes are an important factor in the affordability of whatever you purchase, whether it's a car, a fancy Bar-B-Que or a house. Since the cities of Westlake Village, Thousand Oaks and Simi Valley are so close to the county line, you sometimes are faced with the decision of where you should make your purchase.

For example, I bought a nice gazebo that Costco had on sale for my backyard. I found it at the Agoura (Los Angeles County) Costco, but ended up driving to the Simi Valley (Ventura County) store due to the size of the price tag and the impact of the 2% difference in sales tax. That savings helped to pay for the installation.

Back in the day, it used to be an extremely popular thing for nearby Los Angeles County residents to buy their cars in Ventura County for the reduced sales tax... until a law went into effect making the tax based upon where you live and not where you purchased the car.

Sales Tax Rates

Ventura County7.5%
Los Angeles County9.5%

Ventura County Property Tax Rates

Calabasas Property Taxes1.0817%
Camarillo Property Taxes1.1129%
Fillmore Property Taxes1.2019%
Moorpark Property Taxes1.0855%
Oak Park Property Taxes1.1814%
Ojai Property Taxes1.0696%
Oxnard Property Taxes1.1548%
Port Hueneme Property Taxes1.2269%
Santa Paula Property Taxes1.1548%
Simi Valley Property Taxes1.0958%
Thousand Oaks, Newbury Park and Westlake Village Property Taxes1.0396%

Please note that the above Property and Sales tax rates are subject to change and may have changed since publication. In addition, the property tax rates for particular portions of a city may differ from what is above due to specific Tax Rate Area ("TRA") taxes. For full tax information, please see the source of the above table, the Ventura County Controller's tax rate website.

Can My Property Taxes Change?

Yes, property taxes can and do change annually. Unlike many other states, California has what is known as "Prop 13", which is a godsend for homeowners and renters alike. This wonderful law limits the amount that your property taxes can increase in a year and extends this protection to both residential and commercial properties!

The tax cannot exceed 1% of a property’s assessed value (plus bonds and direct assessment taxes) and increases in assessed value are limited to 2% annually. Fortunately for the state and the services that rely on our tax money, four things can trigger a re-assessment of the property's value. These four things are: A change in ownership, new construction (such as an add-on), new construction that's been partially completed or a decline in value (such as after the 2008 financial crisis).

Questions or comments? Feel free to drop me a line.

About the Author

Ryan Huggins
Ryan is a licensed Real Estate Broker and Professional Property Manager with over a decade's experience. Ryan is the President Elect of the local Association of Realtors and is a Director of the California Association of Realtors and a member of several statewide committees.

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