Home Buying in Murrieta>Question Details

Ramonsilva_61, Home Buyer in Temecula, CA

Hello, Is it the property tax more likely to go up or down as the property get older? Thanks

Asked by Ramonsilva_61, Temecula, CA Wed Nov 28, 2012

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7
Hi there,
We also have special assessments here, which can make a huge impact on the total tax bill. That does not go by assessed value. The general rule of thumb for special assessments is "the older the home, the lower the special assessments". Special assessments can vary pretty drastically, something to keep an eye on if you are considering purchasing a home.
Please let me know if I can help any further. Have a great day!!

Karen Kuisel
Tarbell, Realtors
951-757-0757
Web Reference: http://www.karenkuisel.com
1 vote Thank Flag Link Wed Nov 28, 2012
Hi Ramonsilva_61,

Property tax is calculated on the assessed value of the property, not on it's age. So, if the value goes up, the property taxes will go up and if the value goes down, the property taxes will go down.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
1 vote Thank Flag Link Wed Nov 28, 2012
Ramonsilva_61,

Taxes can and do in fact go down. See the "Prop 8" section of the blog post I provided below. - Steve
0 votes Thank Flag Link Wed Nov 28, 2012
Tax's only go up... In some rare cases a bond will be paid off and the tax's go down but typically their is a reson to keep the tax base in place...
0 votes Thank Flag Link Wed Nov 28, 2012
Yes, I miss the tax valuations on the age of a property. We had that here in Indiana when we purchased our home years ago. It played a major part of our decision to purchase the home. Unfortunately we no longer are using that system. Properties are taxed at assessed value. I, myself, would no longer purchase an older home for that reason. Taxes rarely go down. As previously stated schools, libraries, etc..... usually make property taxes trend up.
0 votes Thank Flag Link Wed Nov 28, 2012
It doesn't change with age, only value.
0 votes Thank Flag Link Wed Nov 28, 2012
Hi Ramonsilva_61,

Shanna has covered this succinctly; nothing to add here with the exception of the post below:

"Estimating Property Taxes in CA"
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/…

-Steve
0 votes Thank Flag Link Wed Nov 28, 2012
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