Home Buying in 94607>Question Details

Freeman, Home Buyer in 94607

How to calculate property tax?Any formula there?

Asked by Freeman, 94607 Thu Apr 23, 2009

Help the community by answering this question:


Honestly, that tax rate isn't true - it is almost 2% in Berkeley.
The 1% annual for my property is $3321. Voter added cost add 821.06 for Schools, Mello Roos, Buses and Parks = 4142.56. But they never tell you about the non-voter approved taxes $1577.26 = GRAND TOTAL of $5919.82.

So in the real world, its double. Berkeley tax = 2%.
6 grand is a lil higher than 3 grand and it is closer to 2% than 1%.
0 votes Thank Flag Link Sat Nov 24, 2012
Dear Freeman,

Generally, Property tax is approx 1.25% of your purchase price, but it can defer in different counties.
Click on the link below for Alameda County Tax calculator, trust this will help. Yes property taxes can go up due to any parcel taxes or measures passed within the City or County. Trust this helps.


Be well and have a great day.
Nina Daruwalla
0 votes Thank Flag Link Thu Apr 23, 2009
The Ala meda County tax rate is 1.25% of the assessed value of the property. either a re-assessment because of capital improvements to the property, or a sale of the property triggers re-assessment based on the sales price. If it sold at $500,000, it is valued at that price for taxes. The 1.25%, of course is the tax base rate. There have been, over the years, additional amounts added on top of that for infrastructure repair, new libraries, etc. The bulk of the property tax is based on the 1.25% of $500,000. Now, if the value is less, because of the market "swoon", a property owner can petition the county for a reduction in the property tax due to value decline, and will probably get it. all the best, Liz
0 votes Thank Flag Link Thu Apr 23, 2009
Thank you Keith and Valorie,
I got it.
If I buy a property that cost me $100000 nowadays.,but this property was sold in 2006 near $500000, the property tax in 2008 is around $7000.
I just wonder the property tax will be lower to $2000, or same as $7000 or even more for next year?
0 votes Thank Flag Link Thu Apr 23, 2009
Take the yearly payment and divide it by the total assesment value, this will give you the tax rate.
0 votes Thank Flag Link Thu Apr 23, 2009
You can go to the assessor's website for your county and figure out what the tax on a property would be. Your loan officer should also be able to help you.
0 votes Thank Flag Link Thu Apr 23, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
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