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Wednesday, February 06, 2008

How much are property taxes in Berkeley?

Taxes are 1% of purchase price + bonds/assessments

In general, if you use 1.2-1.3% of the purchase price as the annual taxes, it will give you a good gauge for annual taxes.

The taxes increase by about 2% per year

So.. If taxes are 1.2% of $1,000,000 = $12,000, then the next year they'll increase by 2% = $240 the next year

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