property taxes: Writing an offer? Don't forget to look at the taxes! - 03/10/08 09:56 AM
An important part in figuring out how much you want to offer for a property is going to be your tax liability!  Many of the FHA and VA loans that are doing more than 80% of the loan are requiring buyers to front the first six months and then pay monthly into an escrow account to ensure payment on a high LTV (loan to value) payment. 
Taxes in California are figured with a base tax rate and then a list of assessments are added on to the base.  So the percent rate varies with your purchase price but the assessments never … (3 comments)