Property tax rate and hazard insurance rate?

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I am doing an estimate payment for my home mortgage. What is the residential property tax rate for 2008 in the state of california? What is the hazard insurance rate? Thank you. The location is in San Bernardino County. Is there a website where I can check it?

Responses:

property tax is county / city specific. Hazard insurance is also difficult to compute because it depends on the structure and location is it free standing, a condo, brick, wood, near the fire areas, mudslide areas, etc. As a rule of thumb, figure on about 25% of mortgage payment. That will get you in the ballpark
Here is the website for the county tax info. You can search by address to pull the records. If some reason it doesn't work you can call them. mytaxcollector.com / trSearch. aspx As for as hazard insurance, it just depends which insurance company you use. You should call several different companies to get quotes. You need the property address and sales price
Both of those rates depend on the county and city in which you live
Take the purchase price not loan amount and multiply that by 1. 25% and that gives you the yearly amount. You will then owe 1 / 2 of this amount if you are paying your taxes seperate. Twice yearly If you are paying via an escrow account i. e. monthly along with your mortgage payment then just divide the yearly amount by 12 to get the aproximate monthly payment. Please note: this does not include mello - roose and / or extra taxes that your city and / or county may be charging you. Mello - Roose is a special esment that some new homes older homes do not have this have in order to build new roads, schools, parks etc. If you bought or are buying a new home you will have to check and see if you will have mello - roose. Also, check and see if your city and / or county as they may be tacking on some kind of extra taxes as well usually around. 25% or less. Also, if your city and / or county has had some kind of large natural disastor within the last few years or so there may be an extra city and / or county tax to pay for that. As for insurance the formula used is to take. 33% and multiply that by the purchase price and then that gives you the yearly amount and then divide that by 12 to get the aproximate monthly amount. However, that is a rather old formula that is used by mortgage companies. Todays insurance market is brutally competative and if you shop around for insurance you should be able to get it for much less than that. Also, if you get home owners insurance with the same company that has your auto insurance there are various discounts that you will get. I hope this helps
not only on the city and county, but also on the construction methods of the home, it's site within the city, distance to the fire hydrant and fire station, which perils are covered or not, and whether there is an HOA with its fees as well, plus any special taxing district s which may apply. if you have a specific property in mind, last year's tax bill is online through the as r's office and it will tell you the tax rate. Remember that your essed value will be based on what you pay, not what the old essed value was. if the property is for sale, MLS should have some of this data - and be aware that MLS has what the present owner says the data is whether that is true or not

Tags: auto, charging, esment, year, structure

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