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How does a prospective home buyer find out what the local property taxes will be?

Asked by Trulia Los Angeles, Los Angeles, CA Thu Nov 1, 2012

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SERGEY FEDNOV *** 424-777-9377’s answer
I agree with Brian Byhower - by far the best way for prospective buyer to find out all this info is to talk to a professional realtor!

I usually order Disclosure package which will outline all property taxes and any special tax and/or any assessments. Preliminary Title will also show property taxes.



Please call me direct 424-777-9377 - I'll be happy to help you!



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1 vote Thank Flag Link Thu Nov 1, 2012
BEST ANSWER
Your proerty taxes are based on a % about 1.5% to 2% of the sales price of the home you purchase.

You should make sure your agent confirms the taxes before you write an offer, as taxe rates can vary from county to county.

Also some newer developments have additional taxes such as mello roos taxes or other
"special assesments".

Brest of luck to you

Kawain Payne,Realtor
0 votes Thank Flag Link Fri Nov 2, 2012
Your property taxes will be about 1.25% of the assessed value of the property - the assessed value will be your purchase price. This is paid twice per year and the fiscal tax year is from July 1 - June 30. There are sometimes special assessment districts which means that there may be additional payments on your tax bill on top of the 1.25%. You can contact the LA County Assessor to find out - http://lacountypropertytax.com/portal/default.aspx.
1 vote Thank Flag Link Thu Nov 1, 2012
If Kathleen's math is correct, we're all in for a world of hurt. lol.
0 votes Thank Flag Link Mon Nov 12, 2012
In Los Angeles County, the property taxes are determined by the actual sale price of the property. The current tax rate is 1.25% per 1000 X the sale price of the property.

If your home sells at $100,000, then you multiply it by 1.25% per 1000, you will get the yearly property tax rate of $12,500, which will be divided into two payments.

Each county may differ.

Good luck!

All the best,

Kat
0 votes Thank Flag Link Mon Nov 12, 2012
First, go to the Assessor's website, http://maps.assessor.lacounty.gov/mapping/viewer.asp, type in the property address and get the Tax Rate Area.

Then go to the Department of Auditor-Controller website, http://onlineapps.auditor.lacounty.gov/tra/, and type in the Tax Rate Area code. It will tell you the tax rate. It varies from about 1.12% to 1.26% in Los Angeles County.

Tom
0 votes Thank Flag Link Wed Nov 7, 2012
property taxes in Los Angeles County is based on the purchase price and it's 1.25%. If you like to veriy ir go to: Los Angeels Tax Assessors.


Alberto Pacheco
Realtor
0 votes Thank Flag Link Tue Nov 6, 2012
Hello,
It is 1.25% on your purchase price.

Best,
Yeprem P. Davoodian, M.A.
0 votes Thank Flag Link Sun Nov 4, 2012
HI
Im CA it is 1.25 % . You must mulitply this by the final sales price of the property you purchase.
0 votes Thank Flag Link Fri Nov 2, 2012
You call call the Los Angeles County Office of the Assessor, they can give you very specific answers on real estate tax questions. Or you can utilize an approximate average of about 1.25% of the sales price as a guideline.
0 votes Thank Flag Link Fri Nov 2, 2012
You could ask your agent or you could simply log on to the Los Angeles county website and go the the property tax section and then enter the property address you're interested in and see a copy of the current tax bill.
0 votes Thank Flag Link Fri Nov 2, 2012
approx 1.25 % of purchase price
0 votes Thank Flag Link Fri Nov 2, 2012
Basically it's 1.1-1.25% of your purchase price
0 votes Thank Flag Link Thu Nov 1, 2012
Hire a Realtor, he or she can answer all your real estate questions
0 votes Thank Flag Link Thu Nov 1, 2012
Hello,
Property taxes are approx 1.25% of the purchased price.
Please feel free to contact me directly for more info.
Best,
Susan Bo'ur
Realtor Coldwell Banker
Susan@BeverlyHillsLuxuryFlats.com
(310)600-4240
0 votes Thank Flag Link Thu Nov 1, 2012
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