Calculate your estimated California property tax bill, county ad valorem assessments, Mello-Roos bonds, and monthly escrow impound reserves under California Proposition 13.
1.0% base + 0.15% local voter bonds (plus Mello-Roos in newer tracts)
Includes 1% base + local voter bonds.
Special assessment line item on tax bill.
Apply California Homeowners Property Tax Exemption?
Exempts $7,000 of assessed value on an owner-occupied principal residence (saves ~$70/yr).
Annual Assessment Breakdown
When you buy real estate in California, the county assessor issues one or two Supplemental Property Tax Bills to account for the difference between the prior owner’s assessed value and your new purchase price for the remainder of the fiscal year.
Supplemental bills are mailed directly to you and are often not paid by your mortgage lender’s impound escrow account. Always verify escrow reserves with your loan officer.
Everything you need to know about Proposition 13 caps, county bond rates, and mortgage qualification.
The California Homeowners Exemption reduces the taxable assessed value of your primary residence by $7,000. It does not subtract $7,000 directly from your taxes.
At typical California ad valorem tax rates of 1.10% to 1.25%, reducing your assessed value by $7,000 saves you roughly $77 to $88 per year in property taxes. You must occupy the property as your principal residence on January 1 to qualify.