What is the transfer tax when you sell a home in Redondo Beach?

Buying or selling a home in Redondo Beach

Key points

Transfer tax: Redondo Beach taxes sales, and leaseholds of 35 years or more, valued over $100 at $1.10 per $500 ($2.20 per $1,000), not counting liens.

Seller disclosures: State law requires sellers of single-family homes to give buyers a Transfer Disclosure Statement; court-ordered, foreclosure and some other sales are exempt.

Property tax: State law caps the general property tax at 1% of full cash value, plus voter-approved debt; base year value rises at most 2% yearly.

Transfer tax

Redondo Beach code What Redondo Beach's code adds
City transfer tax	Yes. The city taxes deeds and other documents that transfer real property sold in the city. § 8-7.02 · code text There is hereby imposed on each deed, instrument, or writing by which any lands, tenements, or other realty sold with the City shall be granted, assigned, transferred, or otherwise conveyed
Rate	$1.10 for each $500 of value, or part of $500. Applies: Real property sold in the city. § 8-7.02 · code text a tax at the rate of One and 10/100ths ($1.10) Dollars for each Five Hundred and no/100ths ($500.00) Dollars or fractional part thereof. $1.10 for each $500 of value, or part of $500. Applies: Leases in the city for 35 years or more, counting renewal options. § 8-7.02 · code text a tax at the rate of One and 10/100ths ($1.10) Dollars for each Five Hundred and no/100ths ($500.00) Dollars or fractional part thereof.
Rate per $1,000	$2.20 per $1,000 of value. Applies: Real property sold in the city. § 8-7.02 · code text a tax at the rate of One and 10/100ths ($1.10) Dollars for each Five Hundred and no/100ths ($500.00) Dollars or fractional part thereof. $2.20 per $1,000 of value. Applies: Leases in the city for 35 years or more, counting renewal options. § 8-7.02 · code text a tax at the rate of One and 10/100ths ($1.10) Dollars for each Five Hundred and no/100ths ($500.00) Dollars or fractional part thereof.
Price threshold	$100. Applies: Real property sales: the tax applies only when the value is more than $100, not counting liens that stay on the property. § 8-7.02 · code text when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrances remaining thereon at the time of sale) exceeds One Hundred and no/100ths ($100.00) Dollars $100. Applies: Leases of 35 years or more: the tax applies only when the value is more than $100, not counting liens that stay. § 8-7.02 · code text when the consideration or value of the interest in property conveyed (exclusive of the value of any lien or encumbrance remaining thereon at the time of transfer) exceeds One Hundred and no/100ths ($100.00) Dollars
Rate depends on price	No. One flat rate applies to every sale. § 8-7.02 · code text a tax at the rate of One and 10/100ths ($1.10) Dollars for each Five Hundred and no/100ths ($500.00) Dollars or fractional part thereof.
Who pays	The person making the transfer and the person receiving it are each fully responsible for the whole tax. § 8-7.03 · code text Any person who makes a transfer which is subject to the tax imposed by Section 8-7.02 of this chapter and any person to whom such a transfer is made shall be jointly and severally liable for the payment of the tax imposed by said Section 87.02(a) or (b).

CA state law Underneath, California law still applies. County documentary transfer tax: A county may tax a sale over $100 at $0.55 for each $500 of value ($1.10 per $1,000), not counting liens that remain on the property (Rev. & Tax. Code § 11911(a)). City share of the tax: A city may impose half the county rate ($0.55 per $1,000); the county then credits the city tax against its own, so the combined standard rate stays $1.10 per $1,000 (Rev. & Tax. Code § 11931). California rules for buying and selling — the full state rule →

Seller disclosures

CA state law California law sets this statewide. Transfer Disclosure Statement (TDS) — who must give it: Sellers of single-family residential property must give the buyer a Real Estate Transfer Disclosure Statement (sale, exchange, installment contract, lease-option or ground lease with improvements) (Civ. Code §§ 1102(a), 1102.2). Natural Hazard Disclosure Statement (NHD): Sellers must disclose if the property is in a special flood hazard area, dam inundation area, very high fire hazard severity zone, earthquake fault zone, seismic hazard zone, or wildland fire area (Civ. Code § 1103(c)). California seller disclosure rules — the full state rule →

Property tax after you buy

CA state law California law sets this statewide. 1% property tax limit (Prop 13): The general property tax on real property may not exceed 1% of its full cash value; voter-approved bond debt is levied on top (Cal. Const. art. XIII A, § 1(a), (b)). 2% annual cap on assessed value: The base year value rises each year by the California CPI change, but never more than 2% (Rev. & Tax. Code § 51(a)(1)(D)). California property tax rules — the full state rule →

Buying or selling a home in Redondo Beach

Key points

Transfer tax

Seller disclosures

Property tax after you buy

Who this affects

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