The annual property tax rate in Aromas is 1.25% of the sales price. Most of Aromas is in San Benito County. Other taxes are added to the annual property tax rate for such things as school and hospital bonds and offstreet improvements.
If you text or call me with the address or area in Aromas you are interested in I'll ge the specific amount of taxes for you.
Mike Walters, DRE #00466668
841.630.3717 text/cell... more
Scott, Curt Abramson from Bailey Properties here. If I'm understanding you correctly, you owe $500k and the home is worth $500k? That's not underwater unless you try to sell and have the selling expenses to contend with. Can you afford the payments? If so, stick it out. You are in an enviable position compared to many. You are also probably in a good position to request modification, depending on who is the lender or note holder for your home.
If you are unable to make the payments or have other reasons to consider walking away, the most important people to talk to are a good attorney and your tax advisor. All the pertinent factors need to be evaluated by professionals in those lines of business.
Good luck to you! I hope things work out for you.... more
The statistics from our MLS (Re Infolink) indicate just the opposite. In July of 2007, the average and median prices were higher than 2003, 2004, 2005, and 206. The % of sale price to list price was over 102%. The only negative was that the days on market have increased.