FAQs Overview
What is the Property Tax Rate
in Studio City, CA?
The property tax rate is
determined by the State and is 1.25% of the initial
purchase price. The purchase
price, for property tax calculations can go up a
maximum of 2% per year during periods when property
values are increasing. When there
are periods of property value decreases, homeowners
can apply for a temporary reduction in the value
that is used to determine the tax.
This is governed by Proposition 13 in the
state of California. There are
some areas that have additional taxes known as Mello
Roos. These areas would have
higher taxes.
What is the First Step in the
Home Buying Process?
The First Step in the Home Buying Process is getting Pre-Approved with a lender for a loan (unless your purchase is all cash). I can refer you to several qualified Mortgage Specialist.
Our preferred lender:
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Artin Fallahi |
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What is the MLS?
MLS Stands for Multiple Listing
Service. It is where you can find
all Active Inventory of Real Estate for Sale.
Click Here for the Best MLS
Who Pays the Brokers’
Commissions?
Generally, the Seller pays the
commissions.
How Can I determine the Value
of My Home?
We have a great tool called the
CMA from Cloud CMA. It can help
you determine the value of your home in 2 easy
steps!
Find it by clicking HERE.
I am interested in Buying or
Selling Real Estate in Studio City
- Who do I
contact?
If
you are interested in Buying or Selling Real Estate
in Studio City or nearby, contact Todd Riley -
Equity Union Real Estate - Your Studio City Area
Specialist. 818.538.6331 Todd@ToddRiley.com
Todd Riley –
Studio City Area Specialist
