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Answers (5)
- Danny Brown, "dannybrown"
- Contributions:67
LA County property tax is approximately 1.25% of the purchase price /market value. It's billed bi-annually in November and February, not monthly.
- 1986bluestar
- Contributions:3
I don't think the purchase price is a good indicator Carl, with all due respect but the assessed value of the property as far as the county is concerned, otherwise the formula you give is about right.
- Dan, "the_country_hick"
- Contributions:4684
Being lazy I would go to city hall and talk to the tax people. They know what taxes are and will be. Go in with the street address ( or map and lot# ). Then the assessor can tell you precisely what taxes are or will be. I prefer to get the right information instead of a guess. Then ask how often that is paid. Divide by the appropriate # of months. The remember that every year taxes will increase. They seem to anyway.
- Wayne Brown, "SDMortgagefinder"
- Contributions:1433
You really need to find out what the tax base is for the county and area that you are purchasing. Some parts of LA are 1% some 1.25, and some even higher.
Also, you need to know if you have Mello Roos, but this is usually reserved for newer communities.
Good Luck.
Also, you need to know if you have Mello Roos, but this is usually reserved for newer communities.
Good Luck.
- Carl Henker, "Carl Henker"
- Contributions:755
As an estimate use 1.25% X Purchase Price and divide the answer by 12 for a monthly amount. Also the County Tax collector should be able to provide an annual estimate.
how can you figure out what your monthly property tax would be on a new house purchase?
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