What are the approximate property taxes for this residence?

Asked by Stuart Kenyon, United Kingdom Tue Jan 6, 2009

This question is about this property: http://www.trulia.com/property/1063273368-30553-Morning-View…

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Monique & Joe…, Agent, Beverly Hills, CA
Tue Jan 6, 2009
Hello Stuart,

In Los Angeles, the property taxes are handled by the County. The tax rate is aproximatley 1.25% If the purchase price is 20 mil it would be 1.25%. The property taxes change when there is a transfer of ownership and in this case sale, so it would be based on what every the new owner purchases the property for.


Monique Carrabba
Keller Williams Wilshire
Web Reference:  http://www.reavisgroup.com
0 votes
BOB Khalsa, Agent, Newhall, CA
Tue Jan 6, 2009
Hello Stuart:

From the County records, on a tax assessed value of $3,094,427 the annual tax is $35,322 which is 1.14% of the assessed value. On a sale price of $23,750,000 that would translate to an annual tax of approximately $270,750. In Los Angeles County, where the property is located, the tax assessor will reassess the property tax at the time of sale. The exact taxes are dependant on the reassessment but the ratio given is a good guideline.

From the Multiple Listing Service data the property itself has an accepted offer and is in escrow. The Seller is taking in back-up offers. There are 43 pictures available for viewing. The property appears to have been purchased as raw land by the Seller on March 31, 1981 and the house was thereafter constructed in 1992. Should you need more details of this property let me know.

Bob Khalsa
United America Realty
U. A. Property Management
0 votes
Randall Sand…, Agent, Charleston, SC
Tue Jan 6, 2009
Hi Stuart - If you need a qualified agent please let me know My company, Carolina One Real Estate in Charleston South Carolina, has a great nationwide referral program through our affiliation with the Leading Real Estate Companies of the World. I am able to find qualified agents for friends, families and co-workers anywhere in the US. Please let me know if I can be of any help,

Thanks, Randall
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