Skip to main content

Is there a way to determine the property tax in a particular area, especially for new builds? We got priced out of a house because of Mello-Roos and can't find a tool that can help us accurately estimate property taxes on new builds and newly developing areas?

We waited to purchase a new build in Ontario, CA in the Inland Empire in San Bernardino County. We did the math MULTIPLE times and used all kinds of wacky tools online to get a good idea of what our monthly payments would be. It appeared we could afford the home, but when it was our turn in the phase release we were told the tax rate is actually 1.86% and not 0.86% because it was a developing area and it was the 'mello-roos' tax.

We were devastated. It meant that the property tax we were estimating to be around 500ish a month was going to be closer to $1200 a month which put us well over budget for our goals.

Of course it was our fault - we should have asked. But now we've decided to pivot and considering getting existing houses in the vicinity (built post 2005) but scared we will run into a similar issue and don't have the time to call every single listing agent to confirm property tax on each house we're interested in.

Any tips?

submitted by /u/SoySanjay87
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/mhn1vm/is_there_a_way_to_determine_the_property_tax_in_a/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more