Current taxes on that property are based on a value of 264,000. , for a tax bill of just over $2800/yr
If you are purchasing the property for $125,000 your taxes will be recalculated with the new basis, BUT it takes awhile for this to happen, at closing you will be paying based on the OLD tax bill. Check with your agent and escrow officer for details. A ballpark estimate for when your taxes are reset they will be about $1490/yr if the assessed value is $125,000. including the extra agency fees, see the Placer County Tax Collector website for more info and they can also give you a more accurate $$ amount and time frame for the adjustment.