What is the property tax % in Mountain House, CA and is that different from transfer tax. A friend of mine

T
Other/Just Looking
Mountain House, CA

has been put on hold from making an offer because both the agent and lender don't know the answer. Two weeks after providing all her information she still does not have a good faith estimate nor a pre-qualification letter. This sounds fishy to me. What do you think and know would be greatly appreciated!!

Answers (4)
David
Agent
Mountain House, CA

I posted this info in the past, here is again.

Here is the tax info for you beans counters. I took this from a property assessed for $585,000
- Lammersville Unified $1486
- Water Investigation $3.32
- Mosquito Abatement $1.72
- Mosquito & Vector Ctl Benefit Asmt $7.02
- Haz waste Disposal $4.0
- Comm & Trans $1025.48
- Public Safely $505.32
- Public Works $96.28
- Park Rec & Comm $87.54
- Prop 13 standard 1% tax $5853.68
- general obligation refunding bonds 2004 $84.88
- SJ Delta College DS 2 $8.78
- general obligation refunding bonds 2006 $32.78
-Tracy Unified DS #2 $45.08
-Tracy Unified DS #3 $45.08

Yes, it is about 1.5% when you add everything up.

Web Reference: http://dc.pmz.com
Tue Jul 21 2009, 00:56
Kamal Randhawa
Broker
California

Hi T...
what is the address of the property? I can get you the tax information you need. Please feel free to call or email me anytime. Good luck.

Kamal Randhawa
Broker
510-932-1066
k.randhawa@sbcglobal.net

Fri Jul 10 2009, 11:59
Steve Ornellas:...
Broker
Fremont, CA

Hi T, Toni provides a very good answer below. Just a small correction and then some additional clarity:

Under Proposition 13, the property tax rate is fixed 1% of assessed value plus amounts required to repay any assessment bonds approved by the voters.

Your property tax bill consists of 3 separate levy categories:

1) General Tax Levy - controlled by Proposition 13, this tax is limited to a maximum of 1% of the assessed value of your property (the "land" and "improvements"), and can be no more than 2% greater than the previous year's tax bill.

2) Voter Approved Indebtedness - includes taxes levied to repay bonds approved by the voters. This amount varies from county to county depending upon the number of local bond issues approved. Under current law, local general obligation bonds require a 2/3rds majority vote to pass.

3) Direct/Special Assessments - now controlled by Proposition 218, these assessments require a majority vote of the property owners, with each owner voting the dollar amount of their assessment. Fees charged for the property-related services of sewer, water, and refuse collection can be imposed without a vote, but may not be greater than the cost of providing the service.

Best, Steve

Fri Jul 10 2009, 09:13
Toni Dalrymple
Agent
Mountain House, CA
FIRST ANSWER

There isnt a standard percentage rate that can be used now that the home prices have come down. It used to be safe to quote 1.4% as an estimate. Now for my clients i try to manually calculate the figure to get them as close as possible. Here is how to do it.

There is the standard tax rate of 1.25%...multiply the homes sales price by this amount. This will be your base tax. Then there are 2 special assessments out here for scholl and the community. These taxes are based upon your lot size and square footage of your home. Mountain House Community Services District has a calculator to estimate what those fees will be. You can use this link to find the amount of assessment.

http://www.ci.mountainhouse.ca.us/tax-calculator.asp

These special assessments are added to the base rate of tax. If your home is priced higher then the base tax will be higher. The special assessment doesnt work on a sliding scale.

I hope this helps. If you need further clarification, please call or email.

Toni

Fri Jul 10 2009, 08:23

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