Santa Monica,California Sales Tax is 10.25% effective April 1, 2011

I enjoy reading the Malibu Patch daily.  Just last Friday – April 1st, it alerted to a new sales tax in Santa Monica, California.  The new rate as of April 1, 2011 is 10.25% for all purchases made in Santa Monica.  This half percent rate had been approved by the voters last November.

Here is an excerpt from the Malibu Patch:

“This will not affect the purchase of vehicles, which are taxed based on where they are licensed. There is no city sales tax in Malibu.

Malibu residents could benefit from the Santa Monica tax because voters also approved an advisory measure that half the estimated $12 million in annual sales tax revenue “support school, educational and afterschool programs.” This would include the Santa Monica-Malibu Unified School District, and the money would go to the whole district, not just the Santa Monica schools.”

If you are interested in leasing,  purchasing a property or selling a property in Malibu, Pacific Palisades, Calabasas or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.

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Judy Kunisaki – CA DRE license 00963582