Supplemental Taxes.

[sgip]

Was working this month with a buyer of a detached Condo on a refinance. The property is in the IE. Purchase price was about $325k in 2013. Their Supplemental Tax Bill came in mid 2014 for $4,000 - 1.25ish percent of the purchase price. Their regular taxes are in the 1.3% range what with Mello Roos. When Soylent Red and I purchased a similar priced home in a similar level of MR district, our Supplementals didn't reach past $1,000.

Any new construction buyers reading, please post what amount or percentage your Supplemental Tax Bills were. I'm sure a few lurkers would appreciate the heads up.

 

[Meggie]

$4,000 is extreme on $325K house unless it is a new development and it was appraised on land value only on previous year.

 

[sgip]

This was new construction, but the $4k amount seemed really out of the norm.

 

[usctrojancpa]

This was new construction, but the $4k amount seemed really out of the norm.

Could it be that it's for more than 12 months worth of Mello Roos/special assessments (kind of like a one-time catch up)?

 

[eyephone]

$4,000 is extreme on $325K house unless it is a new development and it was appraised on land value only on previous year.

We bought a SFH in Corona in 2013 for $300K and paid $205 supplemental bill for July-Dec 2013 period (we flipped the house).

How much money did you make?

 

[Meggie]

$4,000 is extreme on $325K house unless it is a new development and it was appraised on land value only on previous year.

We bought a SFH in Corona in 2013 for $300K and paid $205 supplemental bill for July-Dec 2013 period (we flipped the house).

How much money did you make?