I have a house in AZ worth about $225k. In So. Cal., that same house would be worth about $1.2M. At 1.17%, that’s $14K per year in property taxes. More than $1,000 per month before any other expenses such as mortgage, utilities, insurance. That is a LOT of moola. I’ve never received $14,000 of service from the local or state government. Think of all the property in So. Cal. Why is the government always broke begging for more? What a scam. Government pensions will be the end of us.
cal property taxes are low on a % basis. They beg for more but the increases on property taxes are very limited by prop 13