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Bell Has the 2nd Highest Property Taxes in L.A. County

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The city of Bell is the story that keeps on giving. However, that's unfortunate news. Today's development is that residents have been paying the second highest property taxes in Los Angeles County as part-time elected officials and top city staff we're paid some of the highest salaries for the type of job in the country, finds the LA Times and Bloomberg News.

On top the of 1% general property tax levied, property owners also pay other assessments by the local municipality. Countywide, the average is $11.60 -- that's 1.16% -- for every $1,000 of assessed value. In Bell, the rate is 1.55%. The Times notes that's "nearly half again as much as those in such affluent enclaves as Beverly Hills and Palos Verdes Estates and Manhattan Beach, and significantly higher than just about everywhere else in Los Angeles County, according to records provided by the county Auditor-Controller's Office."