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John Collins
  • Investor
  • Tx, Ga
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Wyatt Franta
  • Real Estate Broker
  • Vancouver, WA
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Wyatt Franta
  • Real Estate Broker
  • Vancouver, WA
Replied

Hi John,

Property taxes are standard regardless of appraisal value unless your property qualifies for special tax exemptions like The Mills Act. 

LA is around 1.25%, compounding at 2% every year which is the max increase allowed due to Prop 13, as @Rory Kinnear mentioned.

Always clarify these numbers with your lender/escrow company, just to be safe.

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