U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > California > Sacramento
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-08-2014, 12:51 AM
 
14 posts, read 19,059 times
Reputation: 12

Advertisements

We have decided to relocate to Sacramento, CA from Atlanta, GA and I would like to know the real deal about tax costs in California. California is supposed to have high sales tax, income tax, etc. I would like to know how high the taxes are in California.

Our real estate agent told us the property taxes were 1.25% of the total purchase price. I know the sales tax is 7.5%. The income tax is also high (we will be in the 10% range in addition to the 30%+ federal tax range); we are only paying 6% in GA. There is also a gasoline tax as well which I noticed when I was driving there but I don't know how much that is.

I would like some input about how much people are paying for property taxes in California. Is 1.25% correct?

Thanks
Bertina Hooks
Rate this post positively Reply With Quote Quick reply to this message

 
Old 09-08-2014, 04:56 AM
 
Location: Phoenix AZ
1,600 posts, read 2,016,955 times
Reputation: 2532
7.5% is the state sales tax. Localities add on top of that. Inside Sacramento proper you'll pay 8.5%, but if you shop outside the city limits it'll be 8%.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-08-2014, 05:04 AM
 
Location: Planet Earth
1,963 posts, read 2,420,930 times
Reputation: 2392
'Approximately 1.25%' of the assessed value is correct (for prop taxes). The *state* portion is limited to 1% of value, and increases of the assessed value are limited to 2% for each year since it last sold.

There may be county, city, school or library or lighting or water or ... other ... districts that add on top of the 1%, so the full amount depends *exactly* on what the voters where silly enough to vote for over the past 30 years or so. So *where* you live will impact the percentage you pay (for example: some school districts get the voters to approve bonds, which are paid back over 20 or 30 years, and if you live inside the district you repay the bonds and if you live outside the district, even in the same city, you may not).

Similarly, the sales tax can vary by City or County. I think that the state portion is 7.5%. Counties that have BART (Sacramento doesn't) pay an extra little bit, and sometimes cities add on .25% for X years for some big project.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-08-2014, 09:12 AM
 
Location: El Dorado Hills, CA
3,724 posts, read 8,836,462 times
Reputation: 3887
For the most part, the extra taxes in the form of bonds are called Mello Roos. If you purchase a home, you should ask about that tax. They can run from almost nothing to thousands of dollars per year so it's important to know. Many of the newer developments (last 10-15 years or so) have Mello Roos. Some have perpetual bonds, some are 20 or 30 years so that's another thing to research.

The biggest thing you will notice is the difference in the price of your home. We moved from Texas so there was major sticker shock, even back in 2008 when market was down, but it is oh so worth it to us to be here.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-08-2014, 05:55 PM
 
Location: Santa Cruz
698 posts, read 690,767 times
Reputation: 718
Here's a handy calculator. Type in the address

CA City & County Sales & Use Tax Rates - Board of Equalization
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-09-2014, 06:59 AM
 
Location: Living rent free in your head
36,274 posts, read 16,878,573 times
Reputation: 26811
Our realtor told us to figure 1.25% for property tax, but assessments can drive it way over that. Several months ago we considered Penn Valley but they have some really high assessments, the same seems to be true for many areas in Lincoln
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-09-2014, 04:57 PM
 
Location: SW MO
23,601 posts, read 33,005,914 times
Reputation: 29157
Quote:
Originally Posted by bmhooks View Post
We have decided to relocate to Sacramento, CA from Atlanta, GA and I would like to know the real deal about tax costs in California. California is supposed to have high sales tax, income tax, etc. I would like to know how high the taxes are in California.

Our real estate agent told us the property taxes were 1.25% of the total purchase price. I know the sales tax is 7.5%. The income tax is also high (we will be in the 10% range in addition to the 30%+ federal tax range); we are only paying 6% in GA. There is also a gasoline tax as well which I noticed when I was driving there but I don't know how much that is.

I would like some input about how much people are paying for property taxes in California. Is 1.25% correct?

Thanks
Bertina Hooks
This might help a bit:

Taxes by State: Alabama to Iowa
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Sacramento
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top