answersLogoWhite

0


Best Answer

Property taxes are simply the property tax rate for the area you live in multiplied by the tax assessed value. The tax assessed value does not always equal the market value, so you need to find out what the tax assessor has your property appraised for.

It could be higher or lower than market. If it is higher, then you may be able to appeal to the tax board to get your assessed value lowered.

Property tax rates can vary widely by area, so check with your local tax assessor.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

16y ago

1.25% of the purchase price per year.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much are monthly property taxes in Los Angeles California?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do California condo owners pay property taxes?

Yes. Just as you would pay property taxes on any property that you own.


Does California have any tax advantages?

None. California just has high TAXES. We have the highest sales taxes, the highest state income taxes, and our property taxes are in the top third. Businesses are fleeing California as fast as they can.


Does every rental property involve a rental property tax?

In the U.S., property taxes are generally paid by property owners. Renters generally pay a fixed monthly amount to the landlord/proprietor with no tax added.


Are there municipal income taxes in California?

No, but there are municipal taxes. As a CA homeowner I pay extra taxes for all sorts of bonds and things that are part of my property tax.


What is the consequences of not paying California property tax?

If an owner of property does not pay their property taxes then the town has the power to take possession of the property and sell it under state laws.


Who pays for property tax?

Usually the owner of the property is the one that pays the property taxes on the owners property. Some time the mortgage company will pay them from a escrow account but the money that is in the escrow account comes from the property owners monthly payments.


How much California land is owned by the federal government which doesn't pay property taxes?

3%


What is nonimpounded?

It means not included,as in property taxes non-impounded. It simple means it is not included in the monthly morgage payment. You will pay this separate.


What taxes do you have to pay if you want to sell a piece of land in Los Angeles California?

Ex.. US$ 50,000 located with a mill rate of 20 mills would have a property tax bill of US$ 1,000.00 per year. Aman kaushik


What is the primary source of income for counties and municipalities in Georgia?

Property taxes


Local government budgets rely primarily on what kind of taxes?

Property Taxes


What property is taxed?

Property taxes are taxes on the value of owned property. Sometimes they are classified as either specific or ad. Property Specific taxes are of a fixed amount based on a number, or standard of weight or measurement. Ad property taxes are based on a fixed proportion of the value of the property with respect to which the tax is assessed.