Hannah, Home Buyer in West Hollywood, CA

I'm looking to purchase a condo in the West Hollywood area of Los Angeles at $380,000. What would my property taxes be on a purchase at this?

Asked by Hannah, West Hollywood, CA Sat Mar 24, 2012

price? I'm wanting to understand what my monthly expenses will be with a condo at $380,000.

Thank you for all your help.

H

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22
Dorene Slavi…, Agent, Torrance, CA
Mon Jun 10, 2013
Property Taxes in Los Angeles County are roughly 1.25% of the price of the home.They are 1% of the assessed value (price paid), plus 2% increase in that value per year, plus locally approved bonds and so on.
0 votes
Johnny James, Agent, Palmdale, CA
Sun Jun 9, 2013
Use the LA County Treasurer and Tax Collector site and find out exactly what the taxes are.
0 votes
Gail Mercedes…, Agent, Los Angeles, CA
Sat Jun 1, 2013
Attached is West Hollywood Property Tax website:
http://www.weho.org/index.aspx?page=272
Compute:

Principle + Property Taxes (Monthly)
Monthly HOA
Miscellanous Fees

Your Realtor should be able to give you a break down for monthly fees.

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes
Scott Postle…, Agent, Los Angeles, CA
Wed Mar 6, 2013
It would be 1.25% of the purchase price. So about $395 a month 0r $4750 a year. I know of 2 really great condos in the area that would be on interest to you in weho.

Contact me and I will set you up with a viewing of the properties.

Scottsocalrealtor@gmail.com
323-919-6815
0 votes
Marcel Cusch…, Agent, Los Angeles, CA
Tue Jan 22, 2013
Again a good rule of thumb is 1.25% of the purchase price. Upcoming REO will be listed at 399K 2nd week of Feb.
0 votes
Scott Prather, Agent, Beverly Hills, CA
Tue Oct 9, 2012
A good rule of thumb is 1,25% of the purchase price
0 votes
Victoria Sil…, Agent, West Hollywood, CA
Mon May 14, 2012
Hi Hannah

Your yearly property taxes on a condo purchased at 380K would be about $4750 a year which is broken down into 2 payments a year....or could be added to you monthly mortgage payment.

I have a really nice prime WEHO condo that just got reduced to 399K that may interest you.
Let me know and I can send you more info on my listing.

Victoria Silver
Keller Williams Sunset
310 435-7114
http://www.victoriasilver.com website
victoriasilver@kw.com email
0 votes
Erik Ibarra, Agent, Beverly Hills, CA
Fri May 11, 2012
your looking at 400$ a month
0 votes
Deborah Brem…, Agent, Los Angeles, CA
Sun Mar 25, 2012
If the property is a co-op, taxes may be included in the HOA, so check with your agent to make sure.
Deborah Bremner
The Bremner Group at Coldwell Banker
REALTOR, 00588885, ABR, CDPE, eAgent, CSP, SFR, HRC, CRE
(O) 310-571-1364 DIRECT
(D) (310) 800-2954
http://www.thebremnergroup.com
Accredited Buyer Representative|Certified Distressed Property Expert |Pre-Foreclosure Specialist Certified
I want you to know that I appreciate any referrals from friends and associates who may be in the market to buy or sell real estate. You can count on me giving them the same high-quality service I provide to all of my clients.
0 votes
Ludy Ivonina, Agent, Corona, CA
Sun Mar 25, 2012
Hi Hannah,

Property taxes: $380,000 x 1.25% = $4,750 / a year.

MONTHLY EXPENSES:
1. Principal & Interest
2. Taxes
3. Mortgage Insurance or PMI
4. Insurance or HOA

If you need further assistance, you can call me at (800)578-0751, text,or email me at Ludy@tarbell.com

Thank you,.
Ludy Ivonina
Tarbell,Realtors
0 votes
Janey Bishop, Agent, Calabasas, CA
Sun Mar 25, 2012
Use 1.25% for Property Tax estimate. Also include the HOA.
0 votes
Tammy Behnam, , Beverly Hills, CA
Sat Mar 24, 2012
Your property tax is always the puchase price multiplied by 1.25%. You can pay in installments monthly or two installments in one year.

Tammy Behnam
310-266-1102
http://www.tammybehnam.com
0 votes
Douglas Perez…, Home Buyer, Los Angeles, CA
Sat Mar 24, 2012
Property taxes: $380,000 x 1.25% = $4,750 / fiscal year.

Also, be ready to pay Supplemental Tax Bill after the close of escrow.

MONTHLY EXPENSES:
1. Principal & Interest
2. Taxes
3. Mortgage Insurance or PMI
4. Insurance or HOA

If you need further assistance, you can call, text,or email me at (213) 375-8741.

Doug
doug@cahsrealty.net
0 votes
Sean Ames, , 90069
Sat Mar 24, 2012
@Hannah. There are a few components to your monthly expense, Mortgage payment, Monthly HOA payment, taxes, and insurance. Your Taxes are calculated at 1.25% of the total price (assessed at the time of purchase) this is divided into 2 payments yearly (although some banks can build this in to your monthly payment).

The largest consideration that you should have aside from the mortgage amount, would be the monthly HOA payment for the condo. Full service highrises are seeing some low prices (which would fall within this range), but the monthly HOA can be pretty high. If you go with a low-rise (limited/no service) building, then your HOA should be pretty low...

Check out our website TopLAcondos.com for complete information about each of the West Hollywood condos buildings (including HOA ranges, current inventory, and recent sales).. We are always happy to discuss your options in person as well!

Sean Ames
The Top LA Realtor Group
310-623-0289
Sean@TopLARealtor.com
0 votes
Monique & Joe…, Agent, Beverly Hills, CA
Sat Mar 24, 2012
Hey Hannah,

The property taxes on a property in West Hollywood which is LA county would be 1.25% of the sales price. They may go up slightly each year. I always gauge about 3k a year per 250k spent.

If you want me to send you options let me know. I have a condo coming on the market in WEHO.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
mcarrabba@kw.com
0 votes
Paris and Co…, Agent, Santa Clarita, CA
Sat Mar 24, 2012
1.25% of the purchase price. Here they all are..
0 votes
Lee Fruchter, Agent, Glendale, CA
Sat Mar 24, 2012
The City of West Hollywood does not have an "additional" property transfer tax rate. The property transfer tax rate is $1.10 per 1000 as set by municipal code and Los Angeles County. This is from the City of West Hollywood website. It us about approximately $4800. I believe you might have to pay a property transfer tax also.

All answers deemed reliable but not guaranteed.

Regards,

Lee
0 votes
Flag Sat Mar 24, 2012
Ambra Biscon…, Agent, Beverly Hills, CA
Sat Mar 24, 2012
Property taxes are 1.25% of purchase price plus your monthly HOA (condo fees) and your property insurance.. Depends on property as some condos carry earthquake ins and some don't .. Again please call me to go over all the details
Web Reference:  http://www.AmbraBisconti.com
0 votes
Brian Byhower, Agent, Hermosa Beach, CA
Sat Mar 24, 2012
Muriel is right, but don't forget about association fees and insurance.
0 votes
Ambra Biscon…, Agent, Beverly Hills, CA
Sat Mar 24, 2012
Hi Hannah, I would be delighted to answer all your questions and help you find the right condo. Please call me at 310-498-2151 or email me at AmbraBisconti@gmail.com
Web Reference:  http://www.AmbraBisconti.com
0 votes
Muriel Levin, Agent, Beverly Hills, CA
Sat Mar 24, 2012
Probably between 1.1 and 1.2% of the purchase price.
Muriel Levin, Realtor with Coldwell Banker Hancock Park
Agent Immobilier sur Hollywood Californie
muriellevin @ coldwellbanker.com
0 votes
Erik Ibarra, Agent, Beverly Hills, CA
Sat Mar 24, 2012
propert taxes will be around 395 @ month plus hoa
0 votes
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