How to estimate approximate property tax for the assess value of 153K home? It is in SJ 95111 zipcode. Thank you

Asked by Helen, San Jose, CA Sat Sep 21, 2013

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Juliana Lee MBA LLB’s answer
Juliana Lee…, Agent, Palo Alto, CA
Mon Sep 23, 2013
I have property tax information, including links to finding special assessments at:

Most likely an estimate of 1.2% of the purchase price will be close enough for you to plan with. If you sell a house there are more considerations that need to be watched.

San Jose zip code 95111 home values are at

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
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Alex Greer, , California
Mon Sep 23, 2013
Property taxes can be estimated as 1.1%

Are you looking to purchase in the area?
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Terri Vellios, Agent, Campbell, CA
Sat Sep 21, 2013
Is this for a home you own now or one you are going to purchase?

If you own a home the tax collector will send you a bill showing the assessed value and rate.

If you are going to purchase a home the assessed value will be changed to the contract sale price. Then use an estimated 1.25%. Example. $153,000 x 1.25% = $1,912.50 per year. If the property is resold for $500,000 then it would be $500,000 x 1.25% = $6,250 per year. Bills are split in two and paid twice a year.

Also, when you purchase, you may receive a JCP report of something like it and in it will be a property tax worksheet with the cost for your area.

Now if you are talking about a mobile home the estimates are going to be different.
0 votes
charles butt…, Agent, san jose, CA
Sat Sep 21, 2013
Thank you for your question, Helen:

As the others pointed out, th eamount of money that the underwriter at your lender uses to estimate your housing cost is 1.25% of the assessed value.

The actual number does vary from location to location and the fees imposed for a particular location.

The actual number for your area is about 1.18 to 1.19% of the assessed value. That is a little less than the amount that your mortgage underwriter will use to estimate your housing cost.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
Broker/Owner: The Butterfield Real Estate Firm
Cell Phone: (408)509-6218
Email Address:
0 votes
Steven Ornel…, Agent, Fremont, CA
Sat Sep 21, 2013
Hi Helen,

Your effective property tax bill actually consists of three separate levy categories: General Tax Levy, Voter Approved Indebtedness and Direct/Special Assessments.

See: "Estimating Property Taxes in CA" for a thorough review and process for coming to an accurate estimate.

0 votes
Jim Guido, Agent, Santa Clara, CA
Sat Sep 21, 2013
Hi Helen,

Per Prop. 13 the property would be assessed at 1% of the sales price but over the years local governments have been able to add to that with special assessments. You would be safe in figuring a tax base of 1.25% of the sales price for the first tax year. That is the highest we have seen but in some areas it may be anywhere from 1% to 1.25%. It all depends on how much they have been able to add on to the 1% base. So just calculate at 1.25% of the sales price and that would be the maximum property taxes for the first year.


Jim Guido,

Realty World/Blue Property Group
Cell: 408-472-2074
DRE# 00700635
0 votes
The Medford…, Agent, Fremont, CA
Sat Sep 21, 2013
Assuming the tax amount at point of purchase is $1.25 per thousand dollars of purchase price, yearly property tax will be $1,912.50.
0 votes
Shanna Rogers, Agent, Murrieta, CA
Sat Sep 21, 2013
Hi Helen,

You would tax the area's tax rate (check with County Tax Assessor) and multiply it by the assessed value. Now, if you're purchasing a property, the sale/purchase price would become the amount the tax rate would be applied to - not the prior assessed value. You would also need to add any Special Assessments (if there are any). You would then take that total amount and divide by 12 for the monthly amount of property taxes.

Shanna Rogers
SR Realty
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