Property taxes are based on the appraised value and has nothing to do with sales price or listing price.
Your property tax due is composed of several parts, the part that is the Genral Tax Levy is limited to a maximum of 1% of the assessed value of your property and can be no more than 2% greater than the previous year's tax bill.
Go to this link below to read more FAQ's about California Property Tax.
http://www.californiataxdata.com/A_Free_Resources/faq.asp
What part of Santa Clarita are you looking at? Give me a call and I can assist you in your new home search.
Have you been pre-approved for a loan? I work closely with a Loan Consultant who can assist you in getting pre-approved.
Good Luck!
- Mon Oct 13 2008, 15:13