Taxes on Selling a House in California: What to Expect
Though California is often regarded as a high-tax state, its property and other real estate-related taxes are more middle-of-the-road.
“The perception here is that state income taxes are high, but just on the real estate taxes themselves, they’re pretty comparable to the rest of the country,” says Craig Aird, an associate attorney with Young & Williams LLP who specializes in estate planning, tax, and immigration.
Some of California’s real estate taxes vary throughout the state, as do the expectations on who pays certain portions of a real estate transaction.
Getting a grasp of the various taxes on selling a house in California can feel overwhelming. That’s why we’ve created a detailed list outlining the different taxes you might encounter. Our guide is designed to simplify and clarify the financial aspects of selling your home in California, ensuring you navigate this journey with ease.
DISCLAIMER: This post is meant for educational purposes only, and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation.
