|
|
|
|
|
|
by jjav
687 days ago
|
|
|
> Is it different in California? It is different in California on all three points listed. In California the assessed value is the purchase price (thus, market value) on year zero (when you buy it). From there on assessed value goes up 2% every year. The base tax is 1% of the assessed value. (Actual property tax is higher because they can tack on all kinds of fees). So if you buy a $1M home, your taxes this year are $10K (plus other local fees). Next year it will be $10.2K and so on. |
|
|