Property Q&A in Foster City>Question Details

Shansai, Home Buyer in Foster City, CA

what is the property tax rate in Foster City?

Asked by Shansai, Foster City, CA Mon Jan 4, 2010

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2
Good morning Shansai,

The property tax rate all throughout California is the same, 1 and 1/12%. Some cities have additional taxes for school, parcel, etc., which can be found on the JCP report and Property ID that the seller has to provide you with. Also an escrow officer can give you that information. I would be more than happy to provide you with any of this information.
Have a great day!

Cortney Laugesen
Cashin Company
650-678-5084
cortneylaug@gmail.com
0 votes Thank Flag Link Tue Jan 5, 2010
Hi Shansai, if you are trying to find the specific property tax for a particular property you can look this up here:
http://www.sanmateocountytaxcollector.org/SMCWPS/pages/secur…

Property tax bills actually consist 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.

If you a looking to cure any lingering insomnia ;-) you can also review the following Property Tax Overview for CA here: http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf

Best, Steve
0 votes Thank Flag Link Tue Jan 5, 2010
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