Can the county assessor prorate assessments or taxes between the buyer and seller of taxable personal property? What is the California law for withholding on the sale of California real property?I know we may need to pay tax on capital gain and depreciation, but I'm not sure how it is calculated. Find out how much you'll pay in California state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more. The percentage of withholding may differ for entities. Shopping Cart – pay tax bills for multiple properties in a single transaction. • ADA-Compliance – enhanced design that offers better accessibility. In addition to state income taxes, any individual who owns real property is subject to state real property taxes. In the U.S., property taxes predate even income taxes.