Bell did more than just give top city administrators some of the largest salaries in the nation: Residents in the working-class town also pay the highest property taxes of all but one of Los Angeles County’s 88 cities, according to interviews and records.
All county property owners pay 1% general property tax, along with special or direct assessments levied by their municipalities. The countywide average of all tax rates is 1.16, or $11.60 for every $1,000 of assessed value.
Bell’s rate is 1.55% -- nearly half again as much as those in such affluent enclaves as Beverly Hills and Palos Verdes Estates and Manhattan Beach, and significantly higher than just about everywhere else in Los Angeles County, according to records provided by the county Auditor-Controller’s Office at The Times request.
That means that the owner of a home in Bell with an assessed value of $400,000 would pay about $6,200 in annual property taxes.The owner of the same home in Malibu, whose rate is 1.10%, would pay just $4,400.
The only place with a higher rate for residents is the City of Industry -- but that city has only 21 residential parcels that are affected.
Read more the LA Times.
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