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Sjm, Other/Just Looking in 55127

Why aren't property taxes ever shown on MLS listings?

Asked by Sjm, 55127 Wed Apr 15, 2009

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Hi Sjm, unless we are talking about a distressed property and you are interested in knowing about any tax liens, etc., showing the current taxes really has little value because the taxes that the Buyer will pay is based on the eventual sales price.

Proposition 13 limits the taxation of property to 1.2% of a property’s assessed value (as a Buyer this is the sales price), plus 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.

If you are looking at other costs, such as Hazard Insurance, you can estimate this at .35% of loan amount per year.

As David points out, the County online system is good for checking taxes that are due.

Best, Steve
0 votes Thank Flag Link Wed Apr 15, 2009
sjm,

Current property taxes show up on the property profile in the MLS - Your Realtor can help you with this.
You may also be able to access property tax information through the County's Website:
http://www.treasurer-tax.co.riverside.ca.us/online_info.aspx

Good Luck!
0 votes Thank Flag Link Wed Apr 15, 2009
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