What if you buy an older cheaper house for say $100,000 but then tear it down to build a newer more luxurious house for like 10million on the land. Would the property tax still be the same or would it get a new assessment despite not being sold again?
@@DomicileRealEstate it's gonna be 2% and it can increase by 2% per year but they're gonna find a way to tax you far over that. I know from experience of living here, they're gonna nail you We need these crooked politicians to brainwash the ignorant some more, they found a way to earn a living off the work of other people, they're like parasites to the people of fornia.
So I’m paying into an account, that I have no control over and that is forced on me through initial closing? California is beyond the fck shiii, hope the trajectory it’s on continues.
What if you buy an older cheaper house for say $100,000 but then tear it down to build a newer more luxurious house for like 10million on the land. Would the property tax still be the same or would it get a new assessment despite not being sold again?
Does this apply to new builds? My home was completed in 2021 and I just got hit with a 20% increase!!!
2%of a 1million dollar house is $20,000.00 a year isn't it?
Doesn't sound too nice to me.
Most California homes have a tax right between 1 and 1.25%, and unlike other states, it can only *increase* by 2% a year.
@@DomicileRealEstate it's gonna be 2% and it can increase by 2% per year but they're gonna find a way to tax you far over that. I know from experience of living here, they're gonna nail you
We need these crooked politicians to brainwash the ignorant some more, they found a way to earn a living off the work of other people, they're like parasites to the people of fornia.
So I’m paying into an account, that I have no control over and that is forced on me through initial closing? California is beyond the fck shiii, hope the trajectory it’s on continues.
The impound accounts are only required for new loan if you are doing less than 10% down. Often times, later, you can get the lender to eliminate them.