When you buy any home in California, the annual property taxes are reassessed
to about 1.25 percent of the purchase price. I say "about" because there
are slight differences between counties. On a $500,000 home your taxes
would be about $6250 per year. Property taxes are deductible, just like
interest.
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An identical home next door owned by someone for a great number of years
could have taxes at $300 per year. Therefore, it is a reasonable assumption
that your property taxes will not move upwards significantly through the
years following your purchase. This is guaranteed by the Jarvis-Gann Proposition
13 bill that was passed some 30 years ago.
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Real
Estate Investigation ServicesInvestigations for Negotiators:
Know your
opponent before negotiating.
Neighborhood and Property History Investigations:
Who
are
your neighbors?
Background Checks on new agents:
Modernize
your hiring practices.
Self Defense Training for Realtors(R):
Reduce
at-risk situations with strangers.
Contact us for homes Not
on MLS; ask for free CD: "Avoiding Costly Mistakes in the HomeBuying Process"; Find Best Buyer's Agent
for You where you want to buy
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