Scott & John are not in California and are not aware of our tax structure. A constitutional ammendment in the 1970's provides that taxes are based on the purchase price of the house. It may only be adjusted upwards by 2% per year and it may be reduced temporarily in times of declining prices.
You're figure of 1.211% is pretty close. What we use is the Purchase Price as reported to the county from the sales contract times 1.25%
Hope that helps.
Dilbeck Realtors, GMAC