To estimate annual property taxes use 1.25% X Sales Price
To estimate annual hazard insurance use 0.35% X Loan Amount
Proposition 13 limits the taxation of property to 1.2% of a propertyâ€™s assessed value (as a Buyer this is the sales price), PLUS any special assessments and improvement bonds approved by the voters. Property tax increases are limited to a 2% increase in the assessed value of the property per year.
Sold a policy in LA county last week. Zipcode 91324 year built 1950 1500 SQFT house was Dwelling replacement $300,000 , 300,000 liability $1000 Deductible the rate was $818.00
Also insured one in North Hills 2000 sq ft house built in 1960 Dwelling replacement $420,000 , $300,000 liability $1000 deductible $1027.00
Hope this is better to assist those looking for average rates quotes.
Rancho Simi Insurance has several companies to choose from 888-581-2128 or try a quote on line at
Call us with the home or email us the address we will send you a ruff estimate on the price firstname.lastname@example.org
Web Reference: http://www.ranchosimiinsurance.com
I agree with Donald about insurance. That can vary greatly company to company. As for property insurance, the base rate is typically 1%. From there cities and counties will add to that for things like vector control, utilites, etc. This link may help you if you are looking in San Bernardino County:
I hope that helps.
If you have any other questions, please donâ€™t hesitate to call or visit our website shown below.
Forefront Real Estate
154 W. Foothill Blvd #A308
Upland, CA 91786
The Home Insurance Specialists