Recently, I answered a question on Trulia Voices regarding property taxes for Palos Verdes real estate and thought it was worth a mention here also. When a property is purchased, it is reassessed by the Los Angels County Tax Assessor using the sales price as the base. The new property tax will be 1% of the purchase price plus any local bonds and assessments (usually averages another .0025 of the sales price).
On the Palos Verdes Peninsula (which includes Rancho Palos Verdes, Palos Verdes Estates, Rolling Hills and Rolling Hills Estates), we have an additional Palos Verdes Unified School District assessment of approximately $209 per year.
Homeowners in the city of Palos Verdes Estates pay an additional Fire/Police assessment of approximately $261 per parcel plus $.15 per square foot of structure (a total of $648 for a 2,600 square foot house).
The city of Rancho Palos Verdes has a new storm drain user fee until 2016. Homeowners in Rancho Palos Verdes pay an additional fee based on a “unique calculation” – size of lot, impervious coverage (hard-scape), etc. which averages $105 (but can be a little as $25 for a condo to several hundred dollars for larger parcels).
The city of Rolling Hills has an additional Community Association assessment which is $.20 per $100 of assessed value and is billed twice a year directly from the Rolling Hills Community Association (as opposed to appearing on your LA County Property Tax bill).
