Home owners in LA area - How much is your property tax? (transfer, buy)

[Expertis80]

Include the name of the city you live in and how many square feet your home is.

Thanks!

[nightlysparrow]

Square feet is irrelevant. If the property was bought after 1978, it's under Prop 13, which sets taxes based on the purchase price.

[Mike121]

It starts at about 1% of the purchase price.

[DynamoLA]

Hey, can you also provide your social security number?

Thanks!

[jm1982]

Actually .. Bank account would be more useful .

[CA4Now]

Originally Posted by nightlysparrow

If the property was bought after 1978, it's under Prop 13, which sets taxes based on the purchase price...

...and re-assesses and increases them every time a room addition, kitchen remodel, new bath, deck, patio, pool is put in. Ours are more than double what they were when we bought in 1990.

[Ultrarunner]

Assessments vary based on the value at the time of transfer.

Prop 13 applies to all assessable property equally.

The rate is the same throughout specific tax districts.

The State imposes a 1% annual on value with a 2% cap on increases.

In addition, voters may approve additional assessments and some tax bills have a laundry list of added assessments... not unusual to find actual tax rate 50% higher than the State 1%

Also, there are additional fees that may be collected for Mello Roos.

Doing your homework is important to avoid surprises!

[nightlysparrow]

Originally Posted by CA4Now

...and re-assesses and increases them every time a room addition, kitchen remodel, new bath, deck, patio, pool is put in. Ours are more than double what they were when we bought in 1990.

Doubled from 23 years ago? That's not bad compared to almost anywhere else.

[JTGJR]

I'm not sure what the point of this thread is. But if you want then and now, it might be "When did you buy and what's your tax payment. And what would it be if you bought today?"

[Ingenere]

the rule of thumb is generally 1.25% in LA.