Los Angeles Property Tax Rates

In Los Angeles County, property taxes are roughly 1.25% of the purchase price of your property.  So if you buy the house for $2,295,000 the annual taxes will be around $28,000 or about $2,400 per month.  Taxes can be paid in two installments with due dates of February 1^st and November 1^st (Delinquency dates are April 10^th and December 10^th).   Now don’t get excited when you get your first tax bill.  It usually still reflects the lower tax rate your seller was paying.  You will get a supplemental bill a few months later for the difference so don’t go and spend all of your tax money on martinis and new furniture. [For specifics on tax rules, benefits, & deductions consult your accountant.  For info from the county including your current tax bill check out http://lacountypropertytax.com]