Los Angeles County, CA Property Tax Information

The California Constitution mandates that all property is subject to taxation unless otherwise exempted by state or federal law. Proposition 13, enacted in 1978, forms the basis for the current property tax laws. Both real and personal property are generally subject to ad valorem taxation; that is, they are taxed in proportion to their value. Taxes which constitute a lien on real property are referred to as secured. Almost all real property taxes are secured. Most personal property taxes are unsecured. Some taxes on personal property may also be secured to the real property of the assessee, upon request and subject to certain conditions.

Market Value

Market value is the amount for which a property would sell in a competitive and open market, presuming that both buyer and seller are knowledgeable about the sale, allow sufficient time for it, and are not affected by undue pressures (e.g. foreclosures and bankruptcy).

Assessed Values

Assessed values are calculated based on market values using a base year value which can be adjusted each year by no more than 2% to account for inflation. A reduction of the assessed value can be made when agricultural use of land is maintained according to California Land Conservation (Williamson) Act. However, if there has been a change in ownership or completed new construction, the new assessed value will be the market value of the property as of the date that it changed ownership or was newly constructed. The difference between the old base year value, including its adjustment for inflation, and the new base year value is the supplemental assessment.

Exemptions and Taxable Value

Taxable value represents the assessed value less any tax deductions that apply. The State of California Constitution provides a variety of full and partial exemptions such as homeowners, veterans, disabled veterans, that may lower the property's tax bill. Exemptions are subject to rigid filing deadlines.

This property does not benefit of any exemption so the taxable value is equal to the assessed value.

Property Tax

Property tax is calculated by multiplying the property's taxable value by the applicable tax rate.
Current tax represents the amount the present owner pays including exemptions. Base tax is an estimate of what an owner not benefiting of any exemptions would pay.
Nevertheless, actual taxes might differ from the figures displayed here due to various abatements and financial assistance programs or to non ad-valorem taxes levied as special taxes/direct assessments. Direct assessments such as weed removal, landscape, flood control, garbage, sewer, water, building demolition, sidewalk repair, and lighting assessments, are listed separately on the real estate tax bill and are added to the ad valorem taxes to reach the total amount billed. Unfortunately, at this time we do not have information about the direct assessments.

For more information please visit the web pages of California State Board of Equalization, Los Angeles County's Assessor and Treasurer, or look up this property's current tax situation here. Also, for a general overview of the Los Angeles property taxation you can access the County of Los Angeles Taxpayers' Guide here.