It makes perfect sense--residents of working class cities with median household incomes below $50,000 should pay their elected officials six figure salaries and shell out more in property taxes. Take the city of Bell, for example, their city manager gets an annual salary of $800,000, and the residents pay the second-highest property tax rate in the county. Well it may be counterintuitive but a new L.A. County audit finds that it’s true. The report shows that residents of Compton, El Monte and Inglewood pay some of the highest property taxes in the county, while people who live in Manhattan Beach, Rancho Palos Verdes and Rolling Hills pay some of the lowest. How are property rates set and what do residents in some of the poorest cities in the county get for their money?
Richard Green, director of University of Southern California’s Lusk Center for Real Estate