I like the way california does it. 1% max assesed once at puchase time. This way you cab keep your house, grow old, budget accordingly without any "surprises", and not get priced out of your home.
For people such as my parents who bought thier home in 66' in Costa Mesa, the tax was assesed in 1977 when propsition 13 passed. It was pretty nice paying $600 something a year until they sold it in 1997.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.