Understanding Property Taxes
Property taxes are a key part of homeownership, funding local schools, public safety, roads, and other community services. The Improta Team helps buyers and sellers navigate property taxes by explaining assessment rates, available exemptions, and strategies to avoid unexpected increases—ensuring every client can budget effectively and plan for the long term.
Understanding how property taxes are calculated is crucial. Most taxes are based on your home’s assessed value, which may differ from the purchase price. Assessments can increase over time, so it’s important to know how local rules apply and whether certain exemptions—like those for first-time homeowners, seniors, or veterans—might reduce your bill.
Having a clear grasp of property taxes helps you budget confidently and ensures your home investment aligns with your long-term goals. With the right guidance, navigating these responsibilities becomes straightforward, leaving you free to focus on enjoying your home and community.
FAQs for Taxes
How are taxes calculated? Assessed value x current rate, usually around 1.2% in LA County plus special assessments.
Can taxes increase with new ownership? Reassessment occurs after sale, so expect updated values.
Are there senior or veteran exemptions? Check eligibility—Improta Team provides application help.
Will renovations raise my taxes? Big improvements may trigger reassessment.
Are HOA fees included? No, separate from property taxes.
Best way to appeal an assessment? Consult with agents and tax pros for evidence and insights.
Property tax advisor? Jason & Missy Improta—The Improta Team at eXp Luxury Realty.
Tax Questions?
Ask Jason & Missy Improta for a full tax walk-through and budgeting aid for any Calabasas or Hidden Hills property.