People typically confuse appraisal prices with assessment prices. As a real estate owner or potential buyer, it is important to understand how they differ (hint: they are almost totally unrelated!). This article will explore San Jose CA appraisal versus assessment prices. What Are Assessment Prices California counties charge a property tax on homes. The sum is based on a pre-determined […]
I should have just sat there and watched as my hard-earned dollars evaporated, sucked it up, been a man, and lost all that cash, the price to pay for participating in our capitalist system. … So let me assure you – if you want to buy a house in Santa Cruz, and you have decent credit (at least a 580 FICO Score to qualify for an FHA loan, I believe) and you have the debt-to-income ratios required by the guidelines. … Mind you, the median price these days in the county is $585,000 (as of August), so it’s getting to the point where you can actually buy a habitable structure in a somewhat central location for that kind of bread. … That would leave you with a whopping loan of $482,500 and payments (all-in, including principal, interest, property tax, and insurance) of about $3,500 a month (roughly, approximately – and that’s before your considerable mortgage interest tax deduction ).
I plan to write a book that’s a cross between Catcher in the Rye and Zen and the Art of Motorcycle Maintenance . … Speaking of looking grim, here are some other signs of the apocalypse . [From Record numbers won’t pay property tax bill – Santa Cruz Sentinel ] A near record number of homeowners likely won’t pay property taxes by the April 10 deadline, another sign of just how tight things have become. … Only thing is, I hear that you if you want to work out a deed in lieu of foreclosure with your lender, they won’t work with you if you have unpaid property tax. … There has been a precipitous drop of new blood coming into a industry that is clearly hemorrhaging: [From Number of real estate agents starts to shrink ] Just 1,324 people took the real estate salesperson exam in January, down from 8,765 a year earlier and 14,397 two years ago, according to the Department of Real Estate.
So, for example, if you purchase a $500,000 property, the assessed value will be $500,000 and the property tax will be 1% of that, or $5,000 per year.
…Sometimes you may see the third set of numbers with a leading “0” – for example, the MLS always lists Santa Cruz parcels with this leading 0 in the third set of numbers.
…When you do, you can see that the “General Tax Rate” is that 1% I was talking about, and then there is a long list of additional taxes, mostly school bonds.
… Using this web site, it is very easy to know how much property tax you will be charged each year for a property that you purchase here in Santa Cruz county.