Is there property tax assessed on condo in Los Angeles?

Question

I am thinking of buying my first home and was wondering besides the association fee, do I need to pay property tax on a condo?

Answer 1

Yes, you can expect the property tax in California to be approximately 1% of the purchase price per year.

Answer 2

As you've already gotten, the answer is yes. There are two ways you can pay it though, either once every 6 months in bulk or included in your mortgage payment every month. That's called impounded. Have you already gotten quotes for search?

Answer 3

Yes. The only 2 things you cannot escape in life is death and taxes.