I need a ballpark figure on a $200,000 home in california, what would be my property taxes, insurance, and other anual costs?
2007-10-10 15:16:38 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
My home is worth $248.500 I pay $636.00 a year for tax's. Insurance is just about the same. As for other cost. ? It depends on where you live. I live in a small town in the ''San Joaquin Valley.
2007-10-10 15:31:07 · answer #1 · answered by skunk 6 · 0⤊ 0⤋
Under Prop 13, the value of the home is set at sale time and increases are limited to 2% per annum as long as you own the home. The tax rate is capped at about 1.25% so your first year's tax bill will be $2,500. After that, it's limited to 2% increases unless you add on to the house or there is a Mello Roos special assessment.
For insurance you'll have to get quotes as prices are all over the scale depending upon where you are located and what the risks are.
2007-10-10 17:05:45 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Property tax would be $2,000. If there are any special district assessments of bonds, they would be added to the base amount. Insurance would depend on the location of the property and the rates your company charges. Areas with high fire danger are more expensive. If the insurance includes flood or earthquake insurance, it can be a bundle.
2007-10-10 17:44:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My L.A. County house is assessed at about the same as skunk's (FMV higher of course), and I think it's about $3350 / year in tax. But keep in mind, everyone's property is assessed at lower than what it really is.
But I live in a high liberal, high Democrat, and therefore high tax area.
2007-10-10 16:28:25 · answer #4 · answered by heart_and_troll 5 · 0⤊ 0⤋
Cal your local tax assessor office they will have that info
2007-10-10 15:24:35 · answer #5 · answered by Goodhead 3 · 0⤊ 0⤋