What is the property tax rate in Bird Streets?

If you're considering purchasing a luxury home in the exclusive Bird Streets neighborhood of Hollywood Hills, it’s important to understand the financial responsibilities that come with owning real estate in this coveted enclave. One of the most frequently asked questions by buyers and investors is:
“What is the property tax rate in Bird Streets?”

Let’s break it down and explore how property taxes work in Los Angeles, what you can expect to pay, and why Bird Streets real estate continues to be a smart long-term investment—despite the cost.

Understanding Property Taxes in Bird Streets, Los Angeles

The Bird Streets are located in the city of Los Angeles, California, and therefore fall under Los Angeles County’s property tax regulations. As with all properties in California, taxes are governed by Proposition 13, which limits the base tax rate and caps annual increases.

Standard Property Tax Rate:

The base property tax rate in Bird Streets is approximately 1.1% of the assessed value of the home.

This includes:

  • 1% base rate (set by Proposition 13)

  • Additional 0.1%–0.25% in voter-approved local assessments (for schools, parks, and public services)

Example Property Tax Calculations for Bird Streets Homes

Since homes in the Bird Streets real estate market typically range from $5 million to $25+ million, here’s what you might expect to pay in annual property taxes:

Home ValueEstimated Annual Property Tax$5 million$55,000$10 million$110,000$20 million$220,000

Keep in mind:
If you purchase a new home, the assessed value will reset to the purchase price, and annual increases are capped at 2% per year under California law.

Are There Special Assessments in Bird Streets?

Yes, some homes in the Bird Streets may have additional special assessments related to:

  • Mello-Roos taxes (though rare in this area)

  • Community improvement districts

  • Public safety, school bonds, and infrastructure improvements

These vary by parcel, so it’s important to review the property’s tax bill or consult with a local real estate professional or title company.

Why Bird Streets Remains a Smart Investment

Despite the high-end property tax amounts, buyers continue to flock to the Bird Streets for its world-class lifestyle and strong long-term appreciation. The area offers:

  • Unmatched panoramic views of LA and the Pacific

  • Celebrity neighbors and architectural trophy homes

  • Close proximity to Beverly Hills, Sunset Strip, and Malibu

  • Exceptional privacy and exclusivity

In return, you’re not just paying for a home—you’re investing in one of the most prestigious real estate markets in Los Angeles.

Final Thoughts

The property tax rate in Bird Streets is in line with the rest of Los Angeles County, typically around 1.1% of your home’s assessed value. While the dollar amounts are higher due to the multi-million-dollar price tags, the benefits of living in this elite Hollywood Hills neighborhood are second to none.

If you're planning to buy or invest in Bird Streets real estate, it’s wise to factor in annual property taxes as part of your ownership costs and consult with a real estate advisor or CPA for personalized estimates.