“The hardest thing in the world to understand is…taxes.” – Albert Einstein
Moving To Malibu or Beverly Hills?
Malibu vs Beverly: If you are planning to move to Beverly Hills or Malibu, you will need to consider what you will be paying for property taxes. Surprisingly, according to the latest data, Beverly Hills residents pay the highest in property taxes in Los Angeles County. There’s an effective tax rate of 1.1% and pay an average of $25,215 a year in property tax. Conversely, Malibu residents pay an average of $22,134 annually, with the same effective tax rate of 1.1%. As a side note, residents in West Hollywood pay $21,696 a year with a 1% effective tax rate. The effective tax rate is based on the current market value of the home, and the most recent property tax bills for the county, according to Daren Blomquist, a senior vice president at ATTOM Data Warehouse, a national property database that aggregates property tax.
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