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At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Stephanie Nordlinger had purchased a property in the Los Angeles area in 1988 and, under the provisions of Proposition 13, was required to have the property reassessed at a new value. The reassessed value of Nordlinger's property raised her tax rates by 36%, while her neighbors continued to pay significantly lower rates on their property.
The department handles the vast majority of California's sales, use and excise tax assessment, auditing and collection. It also collects the 1.25% Bradley-Burns Uniform Local Sales and Use Tax and various 'district taxes'. Sales & use tax; Alcoholic Beverage Tax (contracted to administer on behalf of the Board of Equalization) California Tire Fee
The new 14.4% state tax rate has far surpassed other notable high-tax states: Hawaii’s income tax bracket maxes out at 11%, while New Yorkers making more than $25 million are taxed at a rate of ...
In efforts to fund affordable housing programs, Los Angeles is imposing a new tax on some of its wealthiest residents and their homes. Josh Altman, star of the reality tv series "Million Dollar ...
High mortgage rates that peaked at 8% in October hurt business, but the real obstacle was the introduction of the mansion tax, which tacks on between 4% to 5.5% to the price of selling ...
The Los Angeles County Assessor is the assessor and officer of the government of Los Angeles County responsible for discovering all taxable property in Los Angeles County, except for state-assessed property, to inventory and list all the taxable property, to value the property, and to enroll the property on the local assessment roll. [2]
A measure on the November ballot that would double the county's quarter-cent homeless sales tax is leading in an early poll of L.A. County voters but not with enough support yet to pass.