California has a law called Prop 13. Your property taxes will be assessed at 1% of the purchase price, minus $7,000 of value if owner occupied. Also on your property taxes may be sewer cost, trash (depending on which city). There may also be some bond issues on the property tax billing. Prior to making an offer on a property, you should have your broker get a "full printout" of tax information and you will be able to review all the bond issues, assessment districts, etc. These vary from City to City. Good Luck!... more
Hello Gringo (love the screen name), I know of a great insurance company and agent in your area. They are actually in Temecula, but cover Lake Elsinore. They have helped many of my clients. Let me know if you would like their contact info. You can contact me through my profile.