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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Homeowner
  • Signal Hill, CA
70
Votes |
521
Posts

$1,300 PROPERTY TAX + $6,000 in 'SUPPLEMENTAL' TAX (LA County)

Account Closed
  • Homeowner
  • Signal Hill, CA
Posted

wondering why the 'supplemental' tax is so many times greater than the 'property' tax itself =[

(shouldnt it be the other way around?)

Most Popular Reply

Account Closed
  • Investor
  • Honolulu, HI
1,698
Votes |
3,894
Posts
Account Closed
  • Investor
  • Honolulu, HI
Replied

The regular bill is based on the base year value as of 1/1/2015.  If you bought before 1/1 you will owe the difference of your new assessed value and the prior owners from your purchase date until 6/30/2015. The regular tax bill next period is 7/1/2015 to 6/30/2016. The new bill will be based on your market value purchase price.  If you buy after 1/1/2015 you will have two supplementals.  Since the regular will be based on 1/1 and the regular bill will be based on that the second supp will be the difference between the old owners assessment and yours for the full year 7/1/2015-6/30/2016.  

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