Ask a Question
Do you have a question for one of our Real Estate Advisors?
Find More Answers
Information by City
There are supplemental taxes which are assessed after you pay your tax bill in the first year. The tax assessor will send you a supplemental bill which reflects the additional tax you owe based on the difference in value that was computed at the time the seller purchased the property and the time you purchased the property. In Orange County, the tax assessor is anywhere from 3-6 months behind schedule.
Before you purchase a home, your realtor can help you figure out your total tax bill, including any supplemental bills, local taxes, and mello roos. It is good to have this information in advance so that you can determine your monthly expenses for mortgage and tax for the home you are considering buying.
<< Back to Real Estate Questions about Home Selling in Orange County