How are real estate taxes determined in 90210/Beverly Hills, CA?

Asked by Blynn, 87506 Fri Apr 18, 2008

Are there many restructive covenants regarding remodelling, etc? in zip 90210?

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inna ivchenko’s answer
inna ivchenko, Agent, Calabasas, CA
Tue Nov 24, 2009
Annual Property Taxes and other info about LA county:

http://www.lacountypropertytax.com/portal/contactus/homeownm…

I can't give u any tax advise, but suggestion:

Property taxes in CA (most of 88 cities: LA or BH) for the first year are !basically! 1% of your purchase price, plus any additional local assessments, bonds, etc.
<<<1.25% is a good rule of thumb.>>>
Keep in mind, your assessed value that the taxes are based on might increase by no more than 2% each year, which might increase your taxes slightly( yes, I refer to Prop.13)

Best wishes,
II.
0 votes
Jonathan Tay…, , Orange County, CA
Wed Sep 10, 2008
Depends on the exact neighborhood
Info on Beverly Hills below
http://www.homebuyershope.com/beverly_hills_real_estate.shtml
0 votes
Jonathan Tay…, , Orange County, CA
Wed Sep 10, 2008
They are determined by how much the home is assessed for based on either its sale price or ...from a few ears ago its reasesed value. You can request reassessment.
Here is Tax info at this site
http://www.homebuyershope.com/custom3.shtml
0 votes
Cameron Fedd…, Agent, Los Angeles, CA
Thu Apr 24, 2008
In LA county it is still 1.25%. cameron.fedderman@era.com
0 votes
Jodie Franci…, Agent, Studio City, CA
Wed Apr 23, 2008
Hi Blynn,

You can go to the city of Beverly Hills website to look for information regarding remodeling and permits,
I have posted the link below for you. Let me know if i can be of further service to you!

Jodie
0 votes
Karen Norris, , Beverly Hills, CA
Mon Apr 21, 2008
California legislation passed Proposition 13 back in the 70's making annual property taxes 1 1/4 percent of the purchase price of a property. When the property is sold it is then reassessed at current market value but the annual tax rate remains at 1 1/4 percent of the purchase price. Read more on Prop.13 at http://www.Proposition13.com.
0 votes
Laarni G. Om…, , Orange County, CA
Fri Apr 18, 2008
Hi Blynn,

There are no city tax surcharge on property tax in Beverly Hills. With that said, if you'll make improvements and or remodelling, be ready to face the Architecture Committee on the fees, approval and such. We have an office in Beverly Hills, Century21 Platinum and you can check out our website: http://www.c21platinumbh.com and if you need more info re the city or the flats specifically, do not hesitate to e-mail me.

All the best to you,

Laarni
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