property taxes in san diego: What is Mello-Roos? What about Property Taxes?
- 10/06/07 08:08 AM
Property Taxes in San Diego County Under State law (Proposition 13), real property is reappraised only when a change-in-ownership occurs, or upon completion of new construction. Except for these two instances property assessments cannot be increased by more than 2% annually, based on the California Consumer Price Index. The property tax rate is 1%, plus any bonds, fees, or special charges. This adds up to approximately 1.2% of the purchase price. As a rule of thumb, you can calculate your monthly tax payment by dividing the purchase price by 100. For example, if you purchase a $200,000 property, the taxes will be … (0 comments)
Property Taxes in San Diego County;)
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