Temecula
Property Taxes and Special
Assessments - What You Need To Know!!!
A while back I wrote a blog
on Temecula
property taxes
and special assessments
that would be very good for you to go back and read if you are
unfamiliar with property taxes.
It will explain how the property
taxes and special
assessments work and how to
understand them in relating to purchasing you home. Here is the link http://www.trulia.com/blog/dianne_hicks/2009/07/buyer_beware_know_the_pr
In
the special assessments there
are always items in there that are repeated cost that
do not go away and can be adjusted when the city needs to adjust to
cost. In Temecula trash pick up is there but in Murrieta you
are billed separately for the trash. And there are
other like items for running the city.
Well.... In additon
to this there are the home builders bonds that are for a
specific time frame anywhere from 10 - 35 years that are under the special
assessments. Starting in about
2003 they really started to adding bigger bonds to all the new homes.
Why would the builder pay from then when the buyer would pay for them.
Here is why you need to call on
the bonds (in the special
assessments) and
find when they expire. I called on the 3 bonds (yes, there are
often more than 1) in Harveston to find out when the bonds
expire. For this one house, the biggest one (about $900 a
year) does not ever
expire.
Now... I loooove Harveston, it is a gorgeous community and I
would consider living there, but I think being informed before you buy
a home in key in making the decision that is right for you.
That means on top of the HOA's of about $130, you have about another
$100 a month they is tied to Harveston that does not go away.
As long as you are aware of this and you want to buy, it is all good.
What makes me sad to see is when home buyers are not aware
when they buy.
So Please do your
homework and pick a
Realtor that will help you understand and provide you with the current
information so you can understand property
taxes and special
assessments, it will
help making the decision that is best for YOU!!!
The Grapevine for Temecula
Valley
California
Dreaming.... MAKE IT HAPPEN!!!
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