QUESTION FOR THE PEOPLE THAT OWN A HOME

[skitz]

How much do you pay for property tax? I'm in the process of buying a home and worried about it. Isn't it like 1% of how much u bought the house for?

 

[DFresh77]

1st Installment DUE 12/10/2008 $2,179.23 $0.00 PAID 12/02/2008
2nd Installment DUE 04/10/2009 $2,179.23 $0.00 PAID 04/07/2009
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you do the math...

but it all depends where you live though...

like in Danville, some people are paying like 15k to 60k...

 

[ESCOBAR 92113]

all depends on where you live, city so forth and so on....they aint no joke. you can have them built into your mortgage so that you aint paying it all at once

 

[FANATIKAL]

It's 1% of your purchase price.

Purchase price $160,000

Property tax = $1,600/yr

Divided by 12 months = $133.33/mo on top of your mortgage and Home Owners Insurance.

 

[Dana Dane]

We used to calculate it at 1.25% to cover local taxes and shit, cuz they always have hidden fees and supplemental taxes and shit you don't know about. and yeah, havfe them take a piece every month, so you dont have to come out of pocket twice a year.

but I've been out of the mortgage business for 2 years, so the percentages might have changed.

 

[GHP]

california has some of the highest prop taxes in the country, my shit is less than 1000 a year and it is automattically deducted every month so i dont have to pay a big chuck at the end of the year