Here are a couple of Great Links you should be providing your buyers with. These links will help determine how much to expect to pay in Supplemental taxes after close.
As well as an E-Notification alert that will notify Homeowners of anything recorded against their property! Cut Fraud off asap.
https://assessor.lacounty.gov/real-estate-toolkit/supplemental-tax-estimator
SUPPLEMENTAL TAX ESTIMATOR
This estimator is designed to help you estimate property taxes after purchasing your home. After a property transfer, State law (Proposition 13, passed in 1978) requires the Assessor’s Office to set a new assessed value for your property. This value called the estimated value, should reflect the market value of the property as of the date of transfer. However, it takes time for our office to analyze market data to determine the fair market value. By the time we value your property for reassessment and update our records, property tax bills may already be calculated based on the prior assessed values. Therefore, supplemental tax bills are issued to “catch up” on those taxes.
Please be aware that supplemental tax bills may not be paid during closing or by the lender if you have established an impound account. Please contact your lender, or loan servicing entity to understand the terms of your property tax responsibilities.
To begin using the estimator, please enter the following information about your property.
- Assessor Identification Number or
- Your property address.
E-NOTIFICATION
Property Owner e-Notification Alert
With the e-Notification service, you can register your email now to be alerted whenever a foreclosure, transfer of title, or mortgage is recorded on your property with the Los Angeles County Registrar-Recorder/County Clerk. This notification allows property owners a means to identify potential real estate fraud activity, such as a fraudulently recorded deed. In the future additional features like submittable forms will become available.
https://assessor.lacounty.gov/real-estate-toolkit/enotification
