Top Q: How much are Property Taxes in California?
When you close escrow, the San Diego County Tax Assessor will automatically reassess the property at the sales price. Your annual property taxes will be approximately 1.15% of the assessed value. Taxes are paid semiannually in April and December. If you’re a senior citizen who qualifies for the property tax rollover provisions of California Proposition 90, you may be able to retain your current property tax base if you move to another property of equal or lesser value. I recommend you check with your tax professional if you plan to use Proposition 90.
