Property taxes in Los Angeles are expected to rise in 2025 due to ongoing housing demand and rising home values.
California’s Proposition 13 caps annual increases at 2% for existing homeowners, but new buyers face higher initial tax assessments.
Property tax revenue will grow due to continued housing demand and new construction, straining recent homebuyers.
The disparity between long-term homeowners and new buyers under Prop 13 contributes to affordability challenges.
Homeowners, especially new buyers, should research available tax exemptions and stay alert for additional levies.