As home prices in Orange County California have skyrocketed, potential home owners are looking for ways to minimize their monthly expenses. One great way to do this is to buy a home in a city that has lower overall property taxes, minimal to no mello roos tax and low Home Owners Association dues.
Laguna Hills is one of the cities where your approximate property tax is 1.1% of your purchase price. There is no mello-roos tax in Laguna Hills and Home Owners Association dues are relatively low. On average the majority of Laguna Hills homes (single family residences) have Home Owner Association dues that range between $0 to $100 per month. For more information on this spectacular community, visit the city of Laguna Hills website.
Buying a home in Orange County California is a huge accomplishment for most people with the median home price being approximately $649,000 for a single family residence per housingtracker.net. In newer Orange County cities you will find combined property/mello-roos taxes that often add up to 1.4-1.6% or higher. Home Owner Association dues that are $150-$450 per month. What about the new transfer taxes that are collected by homebuilders every time a property transfers ownership. These are just a few of the reasons buying a home in Laguna Hills makes sense. Instead of paying all these extra fees to other entities, you are able to apply the additional monies to your monthly mortgage.
If you'd like more information on mello roos taxes and other considerations when buying a home in Laguna Hills or South Orange County email me or call me at 949-533-4765.
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