A friend who was considering moving to Burbank asked me, "How much is the property tax?" and I realized I didn't know the answer either.

Burbank's property tax is subject to a basic rate of 1% according to California state law. This is the same basic rate applied throughout California. However, the actual amount paid is usually between 1.1% and 1.3% due to additional taxes (voter-approved special assessments, bonds, etc.). The average in Burbank is reported to be around 1.1% to 1.25%.

For example, if you buy a house for $900,000, the annual property tax can be estimated at around $9,900 to $11,250. Dividing this by 12 months gives a monthly payment of about $825 to $937. If you already own a home, the increase in reassessment is limited to 2% per year under Proposition 13, so long-term residents may be paying much lower taxes.

There's something unique about California: the Mello-Roos tax. This is a special district tax created by law in 1982, imposed only on certain newly developed areas. It helps cover the costs of public infrastructure like schools, parks, and roads. Many areas in Burbank's downtown do not have Mello-Roos, but some new developments may be subject to it. Be sure to check before purchasing a home.

The Burbank Unified School District (BUSD) covers the entire city of Burbank. BUSD is known for consistently receiving good ratings from the California Department of Education. It consists of more than 15 elementary schools, 3 middle schools, and 2 public high schools, with a relatively favorable teacher-to-student ratio. You can check the school district's website at burbankusd.org.

Property tax bills are usually sent out on November 1, with the first payment due by December 10, the second bill on February 1, and the second payment due by April 10. If payments are late, a 10% penalty is applied, so it's a good idea to mark your calendar. You can pay online at the LA County Assessor's website (assessor.lacounty.gov).

After buying a new home, a reassessment of property taxes occurs, and the tax is recalculated based on the purchase price. Just because the previous owner was paying lower taxes doesn't mean you can pay the same amount. Many people are shocked when they receive their tax bill without knowing this.

For seniors over 65 or individuals with disabilities, there are property tax deferral programs or exemptions available. Additionally, first-time homebuyers should explore various support programs offered by the state of California. For detailed tax-related information, consulting a certified public accountant (CPA) is the most accurate approach. There are Korean CPA offices in the Burbank and Glendale areas that can provide assistance.