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Mary, Home Buyer in Cerritos, CA

How much HOA fee and property tax for this property?

Asked by Mary, Cerritos, CA Sun Apr 12, 2009

This question is about this property:…

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Taxes are based on a starting point of 1% of the purchase price. Even though the current owners are paying on a base of $4100/year...that is because the assessed price when they bought is $410,000. If you buy this home for the list price of $300,000...your 1% tax base will be $3000 not $ it will not be $4356/year but $3256/year.

If you have any other questions....please give me a call and we can discuss it.

0 votes Thank Flag Link Mon Apr 13, 2009
Hi there Mary, I just wanted to reply to this and to clarify the answers to your questiion
The HOA is correct at $ 370 per month
I have attached a link for you to the OC Tax Assesors site which show the taxes on this property . They are paid and current and based on a value of $ 410, 000 if your click on the link (click here for details it will give you a full breakdown of the taxes and show you how it adds up to $ 4,356.46 a year. As per the tax records there does not appear to be any Mello rood on this property .…

Hope this is helpful
Kind Regards
Michael Barron
First Team Real Estate
(714) 552-6817
0 votes Thank Flag Link Mon Apr 13, 2009
Hi Mary,

The HOA is $379/month....but there isn't any Mello-Roos tax on this property and the current taxes are based on a 1% purchase price of $410,000. If you bought this home for the asking price of $300,000....your taxes would be $1100 less than the previous owners...or $3256/year.

Hope this helps.

0 votes Thank Flag Link Mon Apr 13, 2009
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