This post is all about Los Angeles County Property taxes.
Deciphering Los Angeles property taxes can be extremely confusing. There are two annual property tax bills. They are delinquent on April 10 and December 10. If you haven’t received your bill, you can locate your LA County tax amount here
In addition to Los Angeles County property taxes, new homeowners face supplemental taxes. These taxes are separate from annual taxes. Consequently, recent homeowners often pay supplemental property taxes. Specifically, supplemental bills reflect the difference between the prior and new assessed values. Generally, the new assessed value equals the purchase price. Moreover, this amount is prorated. For instance, it depends on the months remaining in the fiscal year from the purchase date. The difference is refunded if the property is reassessed at a lower value. Thus, homeowners may recover overpayments. As a result, understanding supplemental taxes is crucial for new buyers.
Supplemental tax bills are the new homeowner’s responsibility. The Treasurer and Tax Collector’s Office will mail it approximately six to eight months after the purchase. If paid late, there will be penalties. Impound accounts do not generally pay these bills. View your estimated supplemental tax amount
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