It will give you the tax calculation factor.
You may also type in your address and it will give you the current tax bill information.
There are certain areas where there are additional fees included in the property taxes such as Hamilton, Pointe Marin, & Bel Marin Keys in Novato where the total property taxes will be more than 1.25% (approx.) of the assessed value.
There is a website that you can go to to check the property taxes at http://www.co.marin.ca.us/depts/ar/compass/index.asp. We hope that this helps!!
Mary Kay & Kathy
The property tax is limited to 1% of the purchase price. However all towns have added fees for services such as paramedics, added school bonds, sewer fees. As mentioned below, total bill will be in the 1.15% to 1.25% depending on the town. When you purchase a home, you will be given a copy of the current tax bill which will show all the fees as well as the 1% base tax. If you would like to discuss this further, please call me at 415-459-5900.
Best, Vance & Anna Frost (we live in San Anselmo, and can help in Fairfax as well).
A rule of thumb is take the purchase price and times it by 1.125. This will give you a good idea. But depending on the area, there maybe some added assessments. I know in Mill Valley it can be more due to the special school assessment.. Check your title report when you are in contract to see if there are any other assessments. Your agent too can also check with the tilte company.
If you haven't decided on an agent yet, please feel free to give me a call, for an interview, I would love to help.
Thanks so much and Good Luck!
Frank Howard Allen
cell: 415 260-3750
1.25% is a common "quesstimate"; however, in fact, your effective property tax bill actually consists of three separate levy categories: General Tax Levy, Voter Approved Indebtedness and Direct/Special Assessments. So, where you buy make a difference in total taxes.
See: "Estimating Property Taxes in CA" http://tinyurl.com/bjjledz for a thorough review.
Great to hear that you are looking to buy. If you are looking to get pre-approved or need a purchase loan now, I can certainly help you out there.You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.