# @turbotax on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=cFUT3Ime6AA
- **Gondola URL:** https://gondola.cc/posts/71369234-turbotax-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/cea8ec6e40.jpg
- **Posted:** 2026-10-02T15:59:56.000+00:00
- **Account Owner:** Intuit TurboTax (@turbotax) — https://gondola.cc/turbotax

## Caption

Discover how LA county property taxes work so you can plan for your tax bill. Get up-to-speed on how Proposition 13 and Proposition 18 will affect your assessment, deadlines, how to calculate your tax payment, and how to appeal your assessment if needed with this guide written by a local tax expert.

Find a TurboTax Store by you: https://turbotax.intuit.com/local-tax-offices/ 

FAQ:
What two primary factors determine an annual property tax bill in LA County, and how are they used to calculate it?

An annual property tax bill is based on your home's assessed value (determined by the LA County Assessor's Office) and your combined property tax rate (California's 1% base rate plus local levies for schools and infrastructure). The bill is calculated by multiplying the home's assessed value by the combined property tax rate.

How does Proposition 13 limit property tax increases for California homeowners?

Answer: Passed in 1978, Proposition 13 caps the base property tax rate at 1% and limits increases in a home's assessed value to 2% each year, regardless of how quickly the market value rises.

By how much does the Homeowners Property Tax Exemption reduce a home's assessed value, and what is the typical annual savings?

Answer: The exemption reduces a home's assessed value by $7,000, which saves most homeowners about $70 each year.

Subscribe to TurboTax for more tax tips: https://youtube.com/@turbotax?sub_confirmation=1

File Taxes Confidently: https://turbotax.intuit.com

Watch More!
Newest Videos: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0UDjdDOm_xf34wM8M02QdyX
Taxes FAQ's & How-Tos: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0XeTa2-hDiZbn9hQHrhogy_
How to File Your Taxes: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0UjyRJBSn7-5WDGYA64o3iQ

Follow TurboTax:
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TikTok: https://tiktok.com/@turbotax
Pinterest: https://pinterest.com/turbotax

TurboTax offers a variety of services, from filing your own taxes to getting expert advice, and even having someone file on your behalf. Our channel is here to answer your biggest tax questions and help you navigate the filing process with confidence.

#TurboTax #Taxes #Finance

## Stats

- **Views:** 4,944
- **Likes:** 4
- **Shares:** 0
- **Comments:** 0

## Tags

finance, turbotax, taxes

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