How much you pay the local government in property taxes varies greatly based on your neighborhood—especially if you’re buying in a newer area. This video gives you a general idea of how to figure out the tax bill on a home that you would like to buy. This piece of the puzzle is critical to understand when house hunting in Orange County. In fact, if you’re financing your home purchase, your lender will need the property tax information to determine how big of a loan you can afford.
It’s a good idea to speak with your lender about the different communities and how the tax rate varies. There is a very good chance that you can afford more in a purchase price if the tax rate is lower. However, the higher tax rate often means the home, streets, school and infrastructure are newer. A lot to consider.