90402 Property Tax Rate

Property owners in ZIP code 90402 (Santa Monica, California) pay a median of $10,001/year in property taxes on homes valued at $2,000,001. This translates to an effective tax rate of 0.50%, which is 28% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 90402 is approximately $833, which factors into escrow payments on mortgages. This ZIP code is located within Los Angeles County. This is $5,101 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 90402 has higher property taxes. ZIP codes with similar effective rates include 90049 (0.50%) and 90077 (0.50%).

In Santa Monica, property taxes represent approximately 5.5% of the median household income of $182,688, providing context for the relative tax burden on homeowners in this area.

Under California's Proposition 13, your Los Angeles County property will be reassessed to your purchase price at closing, potentially tripling the prior owner's tax bill, but then capped at 2% annual increases for subsequent owners. Los Angeles County offers a Homeowners' Exemption providing $7,000 off assessed value — file with the LA County Assessor's office within 30 days of closing to claim it. Register your exemption immediately at assessor.lacounty.gov and verify your base year value to confirm your Prop 13 protection is recorded.