How San Diego County property taxes work

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

If you leave a comment, Jim will visit your blog and leave a comment.I often get asked how property taxes work here in California,
and although it's convoluted in one sense, it's actually pretty straightforward in another since 1978, when Proposition 13 was passed to bring property taxes under control after a period of skyrocketing prices like we saw in the early 2000s.

I know that each jurisdiction has a little flexibility, so I'm going to work with the maximum that is allowed under Proposition 13.

Let's assume that you bought a house last year and closed escrow on December 31, 2008, so we won't have to do any prorations for part of a year. Then let's assume that you paid $300,000 for that house. Your taxes for the first year, 2009, will be two percent of your purchase price of $300,000, or $6,000. In each of the following years, the preceding year's tax is simply increased by two percent.

The value of your home makes no difference, which is good when home values increase astronomically as we saw in the early 2000s. If the value of your home ever decreases, or doesn't increase much, it's probably worth your while to contest your property tax so that your home is revalued and your taxes are lowered.

So here are your taxes for the next ten years, rounded off to whole numbers:

  • 2009 - $300,000 x .02 = $6,000
  • 2010 - $6,000 x 1.02 = $6,120
  • 2011 - $6,120 x 1.02 = $6,242
  • 2012 - $6,242 x 1.02 = $6,367
  • 2013 - $6,367 x 1.02 = $6,495
  • 2014 - $6,495 x 1.02 = $6,624
  • 2015 - $6,624 x 1.02 = $6,757
  • 2016 - $6,757 x 1.02 = $6,892
  • 2017 - $6,892 x 1.02 = $7,030
  • 2018 - $7,030 x 1.02 = $7,171

*****

Need help buying or selling a home here?
Moving here to work on Stimulus Bill projects?
Visiting and would like a vacation home here?

I can help you find the best just the right home or just the right buyers
to meet your real estate needs, wants, and goals.

I'm available 24/7, so feel free to contact me by phone or email.

*****

My most recent 20 posts (they'll open in a new window):

  1. Growth Leader, Week Three - 5/1/09
  2. Attorney consultations available in El Cajon May 1 - 4/30/09
  3. Neighborhood Watch forum in El Cajon on May 3 - 4/30/09
  4. Second Annual 5K Jenny's Walk at San Diego State University - 4/30/09
  5. Second Annual Healthy Families Day in La Mesa - 4/30/09
  6. 14th Annual Union-Tribune Kids Magic Mile in Balboa Park - 4/30/09
  7. Sage & Songbirds Garden Tour and Festival in Alpine - 4/30/09
  8. It's official: I'm addicted to ActiveRain - 4/29/09
  9. Twenty of Zoey the Cool Cat's favorite quotes - 4/26/09
  10. SST (Speechless Sunday with Text): The San Diego River - 4/26/09
  11. The 24 tallest buildings in San Diego - 4/23/09
  12. WWW (Wordless Wednesday with Words): Not all lemons are bad - 4/22/09
  13. San Diego real estate market, March 2009 - 4/21/09
  14. Every little bit helps - 4/19/09
  15. Growth Leader, Week Two - 4/20/09
  16. SST (Speechless Sunday with Text): The USS Midway and "Unconditional Surrender" - 4/19/09
  17. Cats and the weather - 4/18/09
  18. Carlsbad Flower Fields are open for business - 4/18/09
  19. A sampling of San Diego architecture - 4/18/09
  20. How long does it take....? - 4/18/09

Inspired by nature? Join the Inspired By Nature Group.

Classical music lover? Join the Classical Music Group.

Want to share a good book? Join the Active Rain Book Club.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
California San Diego County
Groups:
Active Rain Block Party
Addicted to Active Rain
CALIFORNIA DREAMING
Everything California
Southern California Real Estate Forum
Tags:
property taxes

Comments 9 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
333,401
Matt Listro
Your Credit Repair Expert
National Credit Fixers - Matt Listro

Hi Jim: That was neat thanks for the info - very different than here in CT.

:)

May 02, 2009 12:09 PM
Rainmaker
1,084,017
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

Hey, Kevin.

Start writing.

May 02, 2009 08:59 PM
Rainmaker
1,084,017
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

Hey, Betina.

I think thereare a lot of people out here who don't understand how property taxes work, especially if the home was purchased before 1978. I'll have to do another blog on that. Hmmm. Maybe tonight.

May 02, 2009 09:00 PM
Rainmaker
1,084,017
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

Hey, Matt.

Now look at those figures and pretend that in ten years the home has appreciated to $600,000. If one did the taxes on the valuation, the tax would be $12,000, yet it's only $7,171 under the Proposition 13 method, a significantly savings. Of course, the lack of tax revenue hurts our public services because that's where they get most of their money. So we are kind of dependent on a good real estate market so that when things sell, the tax base gets updated.

May 02, 2009 09:03 PM
Anonymous #9
Anonymous
Anonymous

Just stopping by to make sure that we have all of the photographs from your older blog posts in our photograph collection.

November 14, 2011 07:24 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,084,017

Jim Frimmer

Realtor & CDPE, Mission Valley specialist
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: