Mellissa Mcb…, Home Buyer in Los Angeles, CA

If i purchase a block of land in LA, am i subject to pay taxes every year on it? While it is still unbuilt on? Thanks.

Asked by Mellissa Mcbride, Los Angeles, CA Fri Jun 14, 2013

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This question was asked from this property: http://www.trulia.com/property/3118741356-2191-Laurel-Canyon…

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24
Death and taxes the answer is always yes.
1 vote Thank Flag Link Sat Jun 15, 2013
As has been well answered - Yes - you will pay property tax on the land
0 votes Thank Flag Link Thu Oct 3, 2013
You need to pay taxes on any Real Estate. Whether vacant Land or with building(s).
0 votes Thank Flag Link Thu Oct 3, 2013
yes. but you would pay less than if a home was built on the land., because with a home on the land the value of the property would be more. so if property is worth more, you pay more in taxes.
0 votes Thank Flag Link Wed Oct 2, 2013
Why wouldn't you? What a dumb question? You need top stay where you are at as we dont need your types here in Los Angeles as we have too many already!
0 votes Thank Flag Link Wed Oct 2, 2013
Yes you have to pay taxes on Real Estate that you own. You also are responsible to maintain the land (keep it clear of brush etc.) there are other requirements as well. Check wit the city of Los Angeles to know what your responsibilities will be.
0 votes Thank Flag Link Wed Aug 21, 2013
Yes. Any property you own will be subject to taxes. If you purchased this property for the asking... $39k you can expect your annual taxes to be approx. 1.25% of the price... so approx. $487. annually. If you are interested in this lot or any others, I would be happy to assist you... I sell lots of land here in Los Angeles. If so, please contact me directly. Thank you.

Sincerely,
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-278-4934 fax ATT: RJ
RichardKas@gmail.com - http://www.RJforLA.com - BRE: 01352771
Sellers Buyers Investors Leasing Consulting
0 votes Thank Flag Link Tue Aug 20, 2013
Has Melissa been living under a rock?
0 votes Thank Flag Link Wed Jun 19, 2013
Yes, you will need to pay property taxes on the vacant land. However, if you are going to develop it, there may be some programs that give you tax incentives to build. Check with the Planning Department in the city that the land is located in.

Good luck!

Kat
0 votes Thank Flag Link Tue Jun 18, 2013
Yes, you will need to pay property taxes on the vacant land. However, if you are going to develop it, there may be some programs that give you tax incentives to build. Check with the Planning Department in the city that the land is located in.

Good luck!

Kat
0 votes Thank Flag Link Tue Jun 18, 2013
Yes on vacant land you will still have property tax. The land had to be maintained. Once the home is completed on land tax assessor will re-assess the value. Property tax will include the land and structure.

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes Thank Flag Link Sun Jun 16, 2013
It looks like it's unanimous. Yes, you will have to pay taxes on any property you own.

Best wishes.

Jen and Mark Bowman
Keller Williams on the Water
941-840-0117
0 votes Thank Flag Link Sat Jun 15, 2013
Yes, you do.

The reason is that the city, and taxes pay for the road, the utilities, the safety
For your plot of land.

You will be paying the Land Value of the Property or the latest assessed value times about 1.25%

Good luck
Perry
Web Reference: http://ruthandperry.com
0 votes Thank Flag Link Sat Jun 15, 2013
Yes ,L.A. county still want their tax dollars ,at least since you have raw land your value should be relativity low .
0 votes Thank Flag Link Sat Jun 15, 2013
Yes, Melissa, you will pay property taxes annually, roughly 1.25% of purchase price in L.A..

http://douglasperez.pw
0 votes Thank Flag Link Fri Jun 14, 2013
For California property tax questions visit http://www.boe.ca.gov
0 votes Thank Flag Link Fri Jun 14, 2013
appx 1.25% per year. please advise
0 votes Thank Flag Link Fri Jun 14, 2013
As all have said before - you will pay annual tax based on the purchase price. Once you build something on the property, it will be reassessed and your annual tax bill will increase accordingly.
0 votes Thank Flag Link Fri Jun 14, 2013
Mellissa, your property tax bill in Los Angeles is approximately 1.25% of the purchase price regardless of if there are improvements on the property or not.
0 votes Thank Flag Link Fri Jun 14, 2013
Yes, Melissa, you will have to pay property taxes on the land each year, as well as keep it free of flammable brush for as long as you own it. I would also consult with architects, structural engineers, and contractors to make sure you can build what you want to on it before you buy it.
0 votes Thank Flag Link Fri Jun 14, 2013
Yes. You pay property tax on all property.
Best,
Susan Bo'ur
0 votes Thank Flag Link Fri Jun 14, 2013
you will pay tax based on your purchase price.
0 votes Thank Flag Link Fri Jun 14, 2013
Suzanne is right, all private land is taxed by the municipality it is located in. Exemptions are for government, state/national/public parks, and some local exemptions such as public schools, churches, etc. The land has a value assigned to it, and is taxed at the "going" rate established by the county, based on the usage of the property (residential, commercial, etc.). I hope our answers were helpful.
0 votes Thank Flag Link Fri Jun 14, 2013
I am pretty sure every piece of land in the United States has a property tax attached to it that must be paid whether it is built upon or not. Even owners of vacant land have to pay property taxes.
0 votes Thank Flag Link Fri Jun 14, 2013
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