Tax Assessment Disparity

[equalizer]

You want to buy before moving here without knowing anything about taxes here? Just chill out and rent for a while and get to know the area. BTW, due to prop 13, the taxes are about 1.1% of purchase prices with 2% increase annually. Then there are Mello-Roos which pays for schools and road, 20-40 year bonds that run 100-500 a month. Don’t forget Home owners fee which can run 50-300 a month on average. Prior assessment is N/A.

[Bugs]

As EQ said, the property gets reassessed automatically when it sells. Thereafter, the maximum the assessment can increase is 2%/year. That’s probably why the one property has such a low assessment right now and the other one doesn’t.

In other words, if both properties were to sell for $400,000 each, they’d both wind up with identical or nearly identical assessments of about $4,500/year. The assessment is based on the most recent sale price.

[Bugs]

As EQ said, the property gets reassessed automatically when it sells. Thereafter, the maximum the assessment can increase is 2%/year. That’s probably why the one property has such a low assessment right now and the other one doesn’t.

In other words, if both properties were to sell for $400,000 each, they’d both wind up with identical or nearly identical assessments of about $4,500/year. The assessment is based on the most recent sale price.

[Bugs]

As EQ said, the property gets reassessed automatically when it sells. Thereafter, the maximum the assessment can increase is 2%/year. That’s probably why the one property has such a low assessment right now and the other one doesn’t.

In other words, if both properties were to sell for $400,000 each, they’d both wind up with identical or nearly identical assessments of about $4,500/year. The assessment is based on the most recent sale price.

[Bugs]

As EQ said, the property gets reassessed automatically when it sells. Thereafter, the maximum the assessment can increase is 2%/year. That’s probably why the one property has such a low assessment right now and the other one doesn’t.

In other words, if both properties were to sell for $400,000 each, they’d both wind up with identical or nearly identical assessments of about $4,500/year. The assessment is based on the most recent sale price.

[Bugs]

As EQ said, the property gets reassessed automatically when it sells. Thereafter, the maximum the assessment can increase is 2%/year. That’s probably why the one property has such a low assessment right now and the other one doesn’t.

In other words, if both properties were to sell for $400,000 each, they’d both wind up with identical or nearly identical assessments of about $4,500/year. The assessment is based on the most recent sale price.

[patientlywaiting]

People from other parts of the country might not be familiar with Prop 13. In ohter parts of the country, properties are reassessed every year and owners are taxed on a assessed value, regardless of when the property was purchased.

[patientlywaiting]

People from other parts of the country might not be familiar with Prop 13. In ohter parts of the country, properties are reassessed every year and owners are taxed on a assessed value, regardless of when the property was purchased.

[patientlywaiting]

People from other parts of the country might not be familiar with Prop 13. In ohter parts of the country, properties are reassessed every year and owners are taxed on a assessed value, regardless of when the property was purchased.

[patientlywaiting]

People from other parts of the country might not be familiar with Prop 13. In ohter parts of the country, properties are reassessed every year and owners are taxed on a assessed value, regardless of when the property was purchased.

[patientlywaiting]

People from other parts of the country might not be familiar with Prop 13. In ohter parts of the country, properties are reassessed every year and owners are taxed on a assessed value, regardless of when the property was purchased.

[SD Realtor]

Raymond, if you can, try to rent for a year or so before you buy. I could not recommend that strongly enough.

SD Realtor

[SD Realtor]

Raymond, if you can, try to rent for a year or so before you buy. I could not recommend that strongly enough.

SD Realtor

[SD Realtor]

Raymond, if you can, try to rent for a year or so before you buy. I could not recommend that strongly enough.

SD Realtor

[SD Realtor]

Raymond, if you can, try to rent for a year or so before you buy. I could not recommend that strongly enough.

SD Realtor

[Author]

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