Did you know that you can easily find the tax rate on a property before buying? In each county, the tax assessor has the prior owners property tax bills posted. By viewing their charges, you can easily and accurately calculate the exact tax you will be paying.
In fact, this step is vitally important if you are attempting to qualify for a loan. If the loan officer just guesses at the rate and say, it is an average of 1.25%, you may be in trouble with qualifying. You can ask your realtor what the rate is or you can do the following:
Visit:
http://tax.ocgov.com/tcweb/search_page.asp
1. Enter the property address
2. Click on the highlighted Parcel #
3. Click on the highlighted parcel # a second time
4. Click "View Original Bill"
5. When the PDF opens, scoll to the bottom to see a total percentage of tax you will be paying. This is based off your purchase price
FYI - Mello Roos are not included in the actual tax rate and must be added to your monthly or yearly tax due.
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