Let me know if I can be of any assistance in your search.
Keller Williams Realty
2701 Ocean Park Blvd., Suite 140
Santa Monica, CA 90405
DRE License #01428946
It seems like there is already a lot of good information that agents are giving you. Each pocket of LA is different so there is not one definite answer depending on what city, community and tract of home you are interested in. Some have special assessments. Best way is to go onto the county assessor website, enter the APN number or the property address and it will tell you how much the current owner is paying the property tax for the last purchase year. This can be a little complicated, I suggest you get a knowledgeable agent to help you determine what your desires are. I have agents that specializes in LA, if you are interested, please contact me. (626) 715-0992.
ESTIMATE 1.25% x Purchase Price *Per Year* (although it varies for each municipality within Los Angeles).
I'd just like to add to the posts below that the the total amount for the year is divided by 2 and billed/paid in 2 separate installments. The first installment pays for July 1- Dec 31 and is Due By Nov 1/Delinquent after Dec 10. The second installment pays for Jan 1- June 30 and is Due By Feb 1/Delinquent after April 10.
Here's a great website for you to reference as a new homeowner: http://lacountypropertytax.com/portal/contactus/homeownmsg.aspx
Best of luck to you and please let me know if I can be of any more assistance with your purchase. (I lived in Melbourne and love my Ozzies!)
Suzanne (Suzie) Glaser
LA VILLAGE REALTY
p.310.383.1141 | http://www.LAVillageREALTY.com
RealEstateSuz@gmail.com | lic # 01390707
(a division of Power Brokers Int'l | lic # 01520327)
1.25% is a commonly used property tax "guesstimate". However, if you truly want to know how to accurately estimate your property tax for an individual property the process for doing so is detailed here: http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/
If by "LA" you mean "LA" County, you will need to access the specific tax information for the property you will consider in order to review all three possible tax levies that can be placed on a property.
First, you need to enter the property address to find the property's Assessor Parcel Number at:
Second, you need to enter the Assessor Parcel Number here:
This will provide a complete breakdown of taxes and levies that exist on a particular property.
Best of luck with your move and new venture!
The property tax rates in California are based on the purchase price of the property, and are equal to approximately 1.25% of the sale price. For example, a property purchased for $400,000 would have an annual property tax of about $5,000. Hope this helps - let me know if you have any questions. Good luck with your new business!
Coldwell Banker Residential Brokerage
Because of a number of small city and neighborhood taxes, it can vary a little, but you're usually sfae in estimating at approximately 1.25% of your total purchase price. Feel free to give me a call or shoot me an email, if you have any further questions or would like me to set up a custom home search with email alerts for you.
All the best,