ANSWERS: 6
  • Property taxes are fixed in California at 1% of assessed value by Proposition 13. http://en.wikipedia.org/wiki/Proposition_13 Municipalities are allowed to add some minor additions, so the rate is usually something like 1.05% or so, depending on your exact location. Of course, with our ridiculously high real estate prices, that 1% can be a big chunk (median home price in LA County is about $600k, so property tax is about $6k, or $500 per month) . . .
  • My property taxes in eastern Massachusetts are around $3,800 per year. In my town, taxes are based on assessed value rather than market value. This is good for me, as the town assesses property using a formula that allows about 60% of market value.
  • Here in florida the property taxes went thru the roof, my boss, on her commercial property went from paying $4k to over $10k from year to year.
  • for a townhouse in philadelphia, pennsylvania it is 1500
  • Just about 3 percent where I live in NE. Which sounds high but home values are around 220K on average so its about 650 a month.
  • "Single family home" in NorCal = ~$6K/yearly.

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