List Of How Is A Homes Sale Taxed California Ideas. The california capital gains tax is calculated using the. If you’re selling a second home or don’t qualify for a capital gains exclusion on your primary home, your taxable income is your net proceeds minus your cost basis.

California generally conforms to federal rules. The current tax rate is $1.10 per $1,000 or $0.55 per $500. There is a progressive income tax with rates ranging from 1% to 13.3%, which are the same tax rates that apply to capital gains.




