December 2023
Your California mortgage does not always include an escrow account for property tax. Whether or not you have an escrow account depends on several factors, including your down payment.
The best way to plan for property taxes in California Planning for property taxes in California can involve several strategies, and the “best” approach depends on your specific circumstances and financial goals. Here are some key steps to consider: Understand your taxes: Base year value: California’s Proposition 13 limits annual property tax increases to 2%…
California’s property tax system can feel complex, especially for new homeowners navigating the intricacies of escrow accounts and installment deadlines. This article aims to demystify the process by outlining the key dates in California’s property tax calendar, explaining how escrow companies handle payments, and offering tips to avoid delinquency.