Hi Dea!
I thought this might also be useful for you. It is a blog about property taxes and what to ask and know about your property taxes. http://www.trulia.com/blog/dianne_hicks/

Kindest Regards,
Dianne Hicks
Tarbell. Realtors
(951) 514-5709
http://www.di4homes.com
dianneh@tarbell,com

Rule of thumb is the older the home the lower the tax. Make sure that whomever you pick to be your Realtor gives you a printout of the current tax. The county of Riverside does NOT reassess the property at the close of escrow. As a buyer you will need to qualify for your loan at the current tax.

For Example:

Current Assessed Value of home $400,000

Current Value of Home (Or Sales Price) $275,000

The new owner will be required to pay the Current Assessed Value Tax till the county reassesses the property.

If you have additional questions please feel free to contact me direct at 951-834-2840 or Troy@TroySage.com

Dea: The unincorporated areas of Riverside County, have low tax rates with no assessments.

Also, the older developments that were built before 1990 usually have no assessments added.

When master planned communities began being built in the 1990's the builders began placing Community Facilities District bonds, for infrastructure. These bond payments or assessments were added to the property taxes, which the consumer ends up paying.

Hi Dea,

You'll find some useful resources for understanding property taxes at..
http://hiddenmarketrealty.com/taxinfo.php

Hope it helps.

Sincerely,

Richard Greenwood, MBA, GRI, ePro, Realtor
http://HiddenMarketRealty.com

Dea,

There are two things you need to look at. One is tax rate and other is special assesment. Based on area, you will find that will vary from 1.0 - 2.4. Tax rates varies from 1.0 - 1.5 but by the time you add special assesment it goes up. Special assesment is same regardless of tax rate. Only difference is Special assesments which is there in lot of new communities built after 2000. I have a list of communities that will help you find great deals in the Temecula and Murrieta area. I will be glad to help you unless you are working with a realtor. Please call me or email me. My info is in the signature. I am part of the largest real estate office in the valley and I would love to help you as we have lot of listings that come on daily basis.


Warmest Regards,

UTPAL 'Paul' PARIKH, Certified ABR,CSP,e-PRO,GRI,SRES,REALTOR
V.P - Membership WCR, SouthWest Riverside County Chapter.


Lic# 01503821

Direct: 619-990-9901
Office: 951-304-1200
Fax: 951-304-9531

Email: RealtorUtpal@yahoo.com

Website: http://www.951BuySell.com Riverside County
Investment - Commercial - Residential - Business - Rentals
Keller Williams Realty =27290 Madison Ave, Ste 200, Temecula, CA 92590

Hi Dea!
There are so many areas with special assessments that vary. What I will tell you.... This is not always true but most of the time it is. Houses built in the year 2001 and under are usually a much lower tax rate. For example I live in Temeku Hills which is a really beautiful community but my house was built in 2001 so my tax rate is inbetween 1.1 - 1.2. The newer homes are about 1.8 - 2.5 depending on area. That is a big difference overall. If you need anything else, just give me a call (951) 514-5709

Kindest Regards,
Dianne Hicks
Tarbell, Realtors