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How does the county assess the value of a home for taxing purposes?

In this case Alameda county, CA. I'm trying to figure out what the new assessment will be once we buy the house and a new assessment is allowed.
  • February 10 2014 - Dimond
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Answers (5)

Thanks to Prop 13, passed by the voters in 1978, taxes are only reassessed upon sale and are based on the recorded sale price.
  • May 21 2014
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Your taxes will be adjusted based on your purchase price. Do keep in mind that on top of the Alameda County tax rate, there are several other small local assessments. It's best to estimate your taxes to be 1.25 to 1.3% of your purchase price. Also, know that your taxes won't adjust immediately -- you'll be paying the previous owner's rate until the property is reassessed -- meaning that when this happens, you will receive a supplemental tax bill to pay the difference (if you have underpaid).
  • February 10 2014
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"I'm trying to figure out what the new assessment will be once we buy the house and a new assessment is allowed"

Your new property tax assement will be based on 1.1218% (alameda county's 2014 rate) of the sales price of your new home. It is always readjusted on new purchases.

I hope this info now help clarify things.

  • February 10 2014
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Most counties will hire an outside assessment firm to do the assessment for the town they are doing it for. They base the amount of the assessed value on what they call fair market value. Meaning If a lotof newer homes are being built in the area, they will re-assess the proeprties and either lower or raise the tax rate and lower or raise the home value so it all evens out and each home owner won't be affected too much in taxes.
It is public record though so you can contact the local assessor office to get more details.

Best wishes!

-Scott
  • February 10 2014
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You should be able to obtain this information at your county property appraiser or property tax collectors website.
  • February 10 2014
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