Hacker News new | ask | show | jobs
by beamatronic 3720 days ago
Not to mention: Property taxes are "forever", even with Prop 13. In Santa Clara County, in the Bay Area, taxes are about 1%. So if your purchase price is $1,000,000, your taxes are about $10,000 per year, half payable in December and half in April.
1 comments

They can go up a miniscule amount, 2%. So not exactly forever, but relatively close