A good estimate would be 1.1% to 1.25% of the purchase price. Make sure that you base your calculation on much you will buy the house and not what the previous were paying.
Let me know if I can be of any help.
Yoann Baral Baron
Allied Green Realty
619 995 9467
For mortgage help, call (630) 639-1081 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmtg.com.
We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (630) 639-1081.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Phone: (630) 639-1081
The rule of thumb I have used with my clients for over 15 years is the sale price times 1.25%.
Feel free to email me with any other questions or concerns at email@example.com.
David R. Indermill
1.25% is a common "quesstimate"; however, your effective property tax bill actually consists of three separate levy categories: General Tax Levy, Voter Approved Indebtedness and Direct/Special Assessments.
See: "Estimating Property Taxes in CA" http://tinyurl.com/bjjledz for a thorough review.
To be on the safe side, I always tell my clients that the purchase price minus the 3 0's is the amount they need to budget monthly for property taxes. Example: 400k property = 400 monthly property taxes. In your case it is 1.11153%
Are you ready to write the offer?
Hector R. Gastelum
Realty Executives Dillon
In San Diego, lenders use 1.25% to calculate property taxes when they qualify you; it could be more or less. Some properties have added assessments, which can increase the tax amount significantly. You can also look up the tax rate yourself on the San Diego County Assessor web site, or l can look it up for you. Just call or email me off forum.
Cory La Scala, REALTOR
Lic # 01443391
I did not see a property associated to your question. But, if you are contemplating a property purchase, the property tax will be based on the purchase price. An annual tax of 1.20% of the property value (purchase price) will be fairly accurate. There are variations in property tax rates depending on local bonds and other infrastructure financing programs. Some areas have Mello-Roos assessments which greatly increase the annual property bill.
Feel free to contact me should you have any questions!
619 519 3287