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San Marino
San Marino
California
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San Marino is a city in Los Angeles County, California, United States, incorporated on April 12, 1913 The city is located in the San Rafael Hills. The population was 13,147 at the 2010 census. In 2014, Forbes magazine ranked the city as the 48th most expensive area to live in the United States. In 2014, LA Weekly ranked the city as the 3rd most expensive area to live in the Los Angeles County, topping Beverly Hills (7th), Malibu (5th), and more. There are no homes priced under US$1,000,000, with the median list price of a single family home at US$3,000,000. In 2017, Bloomberg ranked the city number 78 in the country with the 2015 "Average Household Income" of $207,276 as "America's 100 Richest Places". In California, the city ranked number 18 and in Los Angeles County, the city ranked number 5, topping Beverly Hills.

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Taxes

C

How did California earn the grade of C? We examined the state taxes based on how age friendly they are. California has a state sales tax of 7.25%. Of particular interest is that California does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. California has an effective property tax rate of 0.79%. Weighing these taxes and other taxes most likely to impact the aging population is how California earned its state tax grade of C.

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