Property Tax | LA County Home Listings Blog

Friday, August 18, 2023   /   by Fahad Karamat

The Fine Wine of Finance: Decanting Property Taxes for the Discerning Homeowner

Wine enthusiasts know that understanding the nuances of a Bordeaux or a Pinot Noir is paramount. Similarly, in the upscale world of real estate, mastering the concept of property taxes is key. Pour yourself a glass as we swirl, sniff, and sip through the rich bouquet of intricacies of property tax.

The Vintage Roots: What are Property Taxes?
Just as a wine derives its taste from its grape, soil, and barrel, property taxes are derived from your home's value and the community's needs. Property taxes are levies imposed by local governments on homeowners, contributing to services like public schools, parks, and road maintenance. It's the price tag for the luxury of living in a premier locale.

The Terroir: How Are They Calculated?
 
1. Assessed Value:
   - This is the local assessor's estimation of your property's worth. Think of it as the sommelier's assessment of a vintage – is it Grand Cru or table wine?
2. Mill Levy:
   - Different lo. ...

  real estate, property tax

California Platinum Realty
Fahad Karamat
6303 Owensmouth Ave 10th Floor
Los Angeles, CA 91367
818-835-0848
CA DRE # 02007521
NMLS # 1597279

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Based on information from the Golden Empire MLS, Inc./Association of REALTORS® as of May 24, 2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021.
Based on information from California Regional Multiple Listing Service, Inc. as of May 24, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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