To estimate property taxes on a property in California, you can use 1.25% of the purchase price as a rule of thumb for the 1st year's tax bill. When you purchase a home, the county tax assessor reassesses the property and sets a new property tax amount based on your purchase price. Your property taxes will be approximately 1% of your purchase price, plus any voter approved bonded indebtedness of the community (hence the 1.25% rule of thumb). Additionally a community may have a "Mello-Roos" assessment. For example, every home located within the Mt. Diablo School District has a $67 per year Mellos-Roos assessment added to their tax bill. Another common item you may find on the tax bill is for "pest abatement", or a bond for a sewer district.
Proposition 13 limits property tax increase to 2% annually
In future years, the tax assessor is allowed to increase the accessed value by 2% appreciation per year.
Supplemental Property Tax Bill
The Supplemental Property Tax Bill is for the difference between the tax based on the seller's assessed value and the tax based on your new assessed value.
California Property Tax Due Dates
|1st Installment||Due Nov. 1, late if not received by Dec. 10|
|2nd Installment||Due Feb. 1, late if not received by Apr. 10|
* Always confirm your payment was received by checking online or by calling the Tax assessor's office. http://www.sccgov.org/portal/site/tax