If you buy a home in a new or newer development you may have a special tax which helps pay for building and maintaining roads, parks, and schools. These "special" taxes are usually in effect for a specified period of time.
You can contact the county tax office of the city you are thinking of buying in. They can tell you WHERE those precious tax dollars go.
Good news is as a property owner the property taxes you pay can be written off on our federal tax return.
As a renter you pay your landlords taxes ( they usually factor that into the monthly rent they charge) and you do not get to write it off:)
Best of luck to you!!!
Kawain Payne, Realtor
If you're working with a Realtor, they can go over the individual items on the tax roll and explain each one. If you're not working with a Realtor, I suggest you get one right away. If your serious about finding a home, the first and foremost step in purchasing a home is to get with a Realtor. Check with friends and family to see if they can refer someone to you or research sites, such as this one to find a good professional Realtor. Your second step is to get pre-qualified for a loan. After you find a Realtor, he or she will have you meet with the lender that he or she uses regularly.
Please let me know if you have any questions and good luck with your home search!
Keller Williams Realtor
A popular question, no doubt. I common "rule of thumb" estimate is 1.25% as Daniel has mentioned.
However, you actual location plays a role, and in fact, your effective property tax bill actually consists of three separate levy categories, which you can read about below:
"Estimating Property Taxes in CA"