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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (279471)3/12/2006 4:03:53 PM
From: tejek  Read Replies (1) of 1572509
 
I didn't say CA residential RE taxes were high, I said CA taxes where high.

Also I'm not sure that the CA taxes are really low. The tax rates might be low, but the housing values are high. The home owners might get protection against new assessments but houses do turn over and than I believe they are subject to reassessment. Even if the actual taxes paid for a typical CA house are low compared to other states (and I'm not sure that is true), the typical CA taxpayer pays more taxes than residents in other states.

The rates are low.....probably only matched by MASS, but real estate taxes can be high because of the assessment. Plus I think assessors can reassess every three years. However to put that into perspective, the taxes on a $500,000 house are $6250 per year......probably less than what you pay on your townhouse.
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