Thread: I was watching HGTV
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Old Jan 12, 2009 | 04:30 PM
  #19  
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DakarM
 
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From: Location Location
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Originally Posted by THEOLDMAN
Well, reading an article the California property tax maxes out at $1 per $100 dollars of assessed value, so if some of you cali homeowners could help us out on what the ratio of assessed value to real value is we could start some figuring here.

We are starting out with $22000 for property tax (to be adjusted)...annually
but then they also add all kinds of other taxes and fees and shit so it ends up being approximately 1.5-17% of assessed value/purchase price.
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