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Trulia Los A…, Other/Just Looking in Los Angeles, CA

Are there neighborhoods in LA that have a higher property tax rate than the rest of the city?

Asked by Trulia Los Angeles, Los Angeles, CA Fri May 17, 2013

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If you mean "neighborhoods" as in Cities and LA as in LA County then yes and no. There are slight variations in taxes from City to City within LA County.
0 votes Thank Flag Link Sun May 19, 2013
Property values are allocated by the value of the homes in it, so the higher the value the higher the property tax. property taxes are increased 2% every year after the purchase date. Below is a link to give you a little more in depth information about it.
0 votes Thank Flag Link Sat May 18, 2013
Well yes,property taxes are evaluated on the worth of the property, so in high income areas, property taxes are also high.
California's tax on real estate, is 1 percent of the property's base value. The property tax base is increased 2 percent each year after purchase.
Improvements will have change the value and the tax,when the property is sold or transferred from one owner to another, the tax base will be reassessed at 1 percent of the selling price. So if the improvements increased value..taxes will go up.
0 votes Thank Flag Link Fri May 17, 2013
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