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Mathematics, 11.03.2020 06:29 nikeahbrown
In Los Angeles County, property taxes are typically due twice a year. They are due in November 1st, delinquent in December 10th and then due again February 1st, delinquent on April 10th.
Parcel 1 has a land assessment of $75,000 and improvement assessment of $125,000. Annual special assessments are $1,275.00, and bi-annual taxes due (inclusive of special assessments) are $1.937.50; however, annual penalties are $442.50.
Parcel 2 has a land assessment of $187,500 and improvement assessment of $312,500. Annual special assessments are $3,187.50 and bi-annual taxes due (inclusive of special assessments) are $4,843.74; however, annual penalties are $1,106.25.
What is the effective tax rate of the entire property, assuming both parcels are sold together?
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In Los Angeles County, property taxes are typically due twice a year. They are due in November 1st,...
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