When you buy any home in California, the annual property
taxes are reassessed to about 1.25 percent of the purchase price. I say
"about" because there are slight differences between counties. On a $500,000
home your taxes would be about $6250 per year. Property taxes are deductible,
just like interest.
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An identical home next door owned by someone for a great
number of years could have taxes at $300 per year. This could be you someday.
It is a reasonable assumption that your property taxes will not move upwards
significantly through the years following your purchase. This is guaranteed
by the Jarvis-Gann Proposition 13 bill that was passed some 40 years ago.
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Real
Estate Investigation ServicesInvestigations for Negotiators:
Know your
opponent before negotiating.
Neighborhood and Property History Investigations:
Who
are
your neighbors?
Background Checks on new agents:
Modernize
your hiring practices.
Self Defense Training for Realtors(R):
Reduce
at-risk situations with strangers.
Contact us for homes Not
found on MLS; ask for free CD: "Avoiding Costly Mistakes in the HomeBuying
Process"; Find Best Buyer's Agent
for You where you want to buy
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