Estimate annual taxes for any Peninsula home, including Mello-Roos and supplemental assessments.
Passed in 1978, Proposition 13 caps the base property tax rate at 1% of the assessed value at the time of purchase. It also limits annual increases in assessed value to no more than 2%, regardless of how much the property appreciates in market value. This means long-time homeowners often pay significantly less in property taxes than someone purchasing the same home today. When a property is sold, it is reassessed at the current purchase price.
A Mello-Roos Community Facilities District (CFD) is a special tax district that funds local infrastructure and services such as schools, roads, parks, and fire stations. Mello-Roos taxes are most common in newer developments and can add anywhere from $2,000 to $10,000 or more per year on top of your regular property taxes. Unlike standard property taxes, Mello-Roos assessments are a fixed amount (not based on your home's value) and typically expire after 20 to 40 years.
When you purchase a property in California, you will receive a supplemental tax bill that covers the difference between the previous owner's assessed value and your new purchase price, prorated from the date of sale to the end of the fiscal year (June 30). This is a one-time adjustment, not an annual charge. Depending on when you close, you may receive one or two supplemental bills within six months of purchase. These bills are in addition to the regular annual property tax shown above.
Lisa can pull the exact tax records for any property on the Peninsula. Send your details and she will follow up with a detailed breakdown.
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