If you are going to want to buy a home, condo or town-home, you are going to want to factor in your property taxes. Within the county of Los Angeles - the typical property tax rate is 1.25%. Multiply that figure by the price you paid for your home, condo or town-home and you will get how much your Yearly Taxes will be.
However, there is a much better mechanism for finding out your exact tax amounts within the Los Angeles County Tax Assessors Website. When you click on the proceeding link, you will be able to get the exact amounts of what you are going to be paying on your home, condo or town-home.
If you are buying with our Team in Ventura County - here is the location of the Ventura County Tax Assessor Website.
If you are buying in Orange County with our Real Estate team or with one of our affiliates - Here is the location of the Orange County Tax assessor's website.
Besides paying property taxes - you may encounter special assessments and Mello Roos. When buying a home, please make sure your real estate professional runs the numbers to find out whether or not the home you are considering purchasing has any of these special assessments.
Some special assessments are in the Thousands of Dollars per year and you don't want to be surprised after you close escrow with the arrival of the "supplemental tax bill" in the mail from the County's Tax Assessor's office.