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August 20, 2011 at 11:22 AM #722968August 20, 2011 at 2:50 PM #721834
CA renter
Participant[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]CAR, would love to see a link of this house in question.[/quote]
OCR, AN, and sdr:
This one:
http://www.sdlookup.com/MLS-110047279-6186_Paseo_Monona_Carlsbad_CA_92009
Note: I calculate property taxes as 1.25% of purchase price because of the additional fees and bonds that are not included in the 1% calculation, and also because taxes usually go up 2% each year. IMHO, it should probably be calculated a bit higher, but it gives me a good idea at 1.25%. While the property tax is deductible, that amount is usually offset by maintenance costs, so I don’t deduct the tax savings.
Price @ $569,900 X 1.25% for property taxes is $7,123.75/12 = $593.64
HOA: $98
Mello-Roos: $222Total fixed monthly outlay (could go up) is $913.64
August 20, 2011 at 2:50 PM #721928Participant[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]CAR, would love to see a link of this house in question.[/quote]
OCR, AN, and sdr:
This one:
http://www.sdlookup.com/MLS-110047279-6186_Paseo_Monona_Carlsbad_CA_92009
Note: I calculate property taxes as 1.25% of purchase price because of the additional fees and bonds that are not included in the 1% calculation, and also because taxes usually go up 2% each year. IMHO, it should probably be calculated a bit higher, but it gives me a good idea at 1.25%. While the property tax is deductible, that amount is usually offset by maintenance costs, so I don’t deduct the tax savings.
Price @ $569,900 X 1.25% for property taxes is $7,123.75/12 = $593.64
HOA: $98
Mello-Roos: $222Total fixed monthly outlay (could go up) is $913.64
August 20, 2011 at 2:50 PM #722527Participant[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]CAR, would love to see a link of this house in question.[/quote]
OCR, AN, and sdr:
This one:
http://www.sdlookup.com/MLS-110047279-6186_Paseo_Monona_Carlsbad_CA_92009
Note: I calculate property taxes as 1.25% of purchase price because of the additional fees and bonds that are not included in the 1% calculation, and also because taxes usually go up 2% each year. IMHO, it should probably be calculated a bit higher, but it gives me a good idea at 1.25%. While the property tax is deductible, that amount is usually offset by maintenance costs, so I don’t deduct the tax savings.
Price @ $569,900 X 1.25% for property taxes is $7,123.75/12 = $593.64
HOA: $98
Mello-Roos: $222Total fixed monthly outlay (could go up) is $913.64
August 20, 2011 at 2:50 PM #722683Participant[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]CAR, would love to see a link of this house in question.[/quote]
OCR, AN, and sdr:
This one:
http://www.sdlookup.com/MLS-110047279-6186_Paseo_Monona_Carlsbad_CA_92009
Note: I calculate property taxes as 1.25% of purchase price because of the additional fees and bonds that are not included in the 1% calculation, and also because taxes usually go up 2% each year. IMHO, it should probably be calculated a bit higher, but it gives me a good idea at 1.25%. While the property tax is deductible, that amount is usually offset by maintenance costs, so I don’t deduct the tax savings.
Price @ $569,900 X 1.25% for property taxes is $7,123.75/12 = $593.64
HOA: $98
Mello-Roos: $222Total fixed monthly outlay (could go up) is $913.64
August 20, 2011 at 2:50 PM #723048Participant[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]CAR, would love to see a link of this house in question.[/quote]
OCR, AN, and sdr:
This one:
http://www.sdlookup.com/MLS-110047279-6186_Paseo_Monona_Carlsbad_CA_92009
Note: I calculate property taxes as 1.25% of purchase price because of the additional fees and bonds that are not included in the 1% calculation, and also because taxes usually go up 2% each year. IMHO, it should probably be calculated a bit higher, but it gives me a good idea at 1.25%. While the property tax is deductible, that amount is usually offset by maintenance costs, so I don’t deduct the tax savings.
Price @ $569,900 X 1.25% for property taxes is $7,123.75/12 = $593.64
HOA: $98
Mello-Roos: $222Total fixed monthly outlay (could go up) is $913.64
August 20, 2011 at 3:31 PM #721854an
ParticipantCAR, according to Zillow, their tax in 2010 was $9300 with assess value of $633k, which equate to ~1.47% (I assume this includes MR). If you offer full price at $570k, your monthly Tax + MR would be ~$700. Add in $100 for HOA and you have ~$800 for taxes and HOA. Using Aimloan.com, and 20% down, your monthly payment would be between $2,177.01 and $2,310.49, assuming you can qualify and how much you want to pay in points. Add in another $800/month for tax + MR + HOA and your total expense would be $2977 to $3100/month. Assuming your tax bracket is 25%, your tax deduction would be bet ~$500-600/month. So, if you count deduction from interest alone (assuming you’re right and the deduction of taxes cover maintenance), then your total monthly payment after deduction would would be ~$2500/month. How much can that house rent for today?
Also, 2% increase in taxes only apply if your house assessment actually go up. If it goes down, then your taxes goes down.
August 20, 2011 at 3:31 PM #721948ParticipantCAR, according to Zillow, their tax in 2010 was $9300 with assess value of $633k, which equate to ~1.47% (I assume this includes MR). If you offer full price at $570k, your monthly Tax + MR would be ~$700. Add in $100 for HOA and you have ~$800 for taxes and HOA. Using Aimloan.com, and 20% down, your monthly payment would be between $2,177.01 and $2,310.49, assuming you can qualify and how much you want to pay in points. Add in another $800/month for tax + MR + HOA and your total expense would be $2977 to $3100/month. Assuming your tax bracket is 25%, your tax deduction would be bet ~$500-600/month. So, if you count deduction from interest alone (assuming you’re right and the deduction of taxes cover maintenance), then your total monthly payment after deduction would would be ~$2500/month. How much can that house rent for today?
Also, 2% increase in taxes only apply if your house assessment actually go up. If it goes down, then your taxes goes down.
August 20, 2011 at 3:31 PM #722547ParticipantCAR, according to Zillow, their tax in 2010 was $9300 with assess value of $633k, which equate to ~1.47% (I assume this includes MR). If you offer full price at $570k, your monthly Tax + MR would be ~$700. Add in $100 for HOA and you have ~$800 for taxes and HOA. Using Aimloan.com, and 20% down, your monthly payment would be between $2,177.01 and $2,310.49, assuming you can qualify and how much you want to pay in points. Add in another $800/month for tax + MR + HOA and your total expense would be $2977 to $3100/month. Assuming your tax bracket is 25%, your tax deduction would be bet ~$500-600/month. So, if you count deduction from interest alone (assuming you’re right and the deduction of taxes cover maintenance), then your total monthly payment after deduction would would be ~$2500/month. How much can that house rent for today?
Also, 2% increase in taxes only apply if your house assessment actually go up. If it goes down, then your taxes goes down.
August 20, 2011 at 3:31 PM #722703ParticipantCAR, according to Zillow, their tax in 2010 was $9300 with assess value of $633k, which equate to ~1.47% (I assume this includes MR). If you offer full price at $570k, your monthly Tax + MR would be ~$700. Add in $100 for HOA and you have ~$800 for taxes and HOA. Using Aimloan.com, and 20% down, your monthly payment would be between $2,177.01 and $2,310.49, assuming you can qualify and how much you want to pay in points. Add in another $800/month for tax + MR + HOA and your total expense would be $2977 to $3100/month. Assuming your tax bracket is 25%, your tax deduction would be bet ~$500-600/month. So, if you count deduction from interest alone (assuming you’re right and the deduction of taxes cover maintenance), then your total monthly payment after deduction would would be ~$2500/month. How much can that house rent for today?
Also, 2% increase in taxes only apply if your house assessment actually go up. If it goes down, then your taxes goes down.
August 20, 2011 at 3:31 PM #723068ParticipantCAR, according to Zillow, their tax in 2010 was $9300 with assess value of $633k, which equate to ~1.47% (I assume this includes MR). If you offer full price at $570k, your monthly Tax + MR would be ~$700. Add in $100 for HOA and you have ~$800 for taxes and HOA. Using Aimloan.com, and 20% down, your monthly payment would be between $2,177.01 and $2,310.49, assuming you can qualify and how much you want to pay in points. Add in another $800/month for tax + MR + HOA and your total expense would be $2977 to $3100/month. Assuming your tax bracket is 25%, your tax deduction would be bet ~$500-600/month. So, if you count deduction from interest alone (assuming you’re right and the deduction of taxes cover maintenance), then your total monthly payment after deduction would would be ~$2500/month. How much can that house rent for today?
Also, 2% increase in taxes only apply if your house assessment actually go up. If it goes down, then your taxes goes down.
August 20, 2011 at 4:49 PM #721894sdrealtor
ParticipantI dont get it? This is everything you said you didnt want? And its as close or closer to guys on the Megan’s Law database issue you ran into on the house that was everything you were looking for which you walked on.
Have you changed what you are looking for?
August 20, 2011 at 4:49 PM #721988ParticipantI dont get it? This is everything you said you didnt want? And its as close or closer to guys on the Megan’s Law database issue you ran into on the house that was everything you were looking for which you walked on.
Have you changed what you are looking for?
August 20, 2011 at 4:49 PM #722586ParticipantI dont get it? This is everything you said you didnt want? And its as close or closer to guys on the Megan’s Law database issue you ran into on the house that was everything you were looking for which you walked on.
Have you changed what you are looking for?
August 20, 2011 at 4:49 PM #722743ParticipantI dont get it? This is everything you said you didnt want? And its as close or closer to guys on the Megan’s Law database issue you ran into on the house that was everything you were looking for which you walked on.
Have you changed what you are looking for?
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