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Not sure on the property tax situation in SV, but a common assumption is 1% of the houses's value annually. So with that considered, it is probably close to a w
by planteen 8y ago
Not sure on the property tax situation in SV, but a common assumption is 1% of the houses's value annually. So with that considered, it is probably close to a wash with the S&P 500. And whatever upkeep as well, as you said.
- d1zzy 8y agoBecause of Prop 13 tax increase year to year is limited to inflation or 2% increase (whichever is lower). So yes, you start with ~1% of the house value but with 7% average increase in property value and limited to 2% increase in tax value you end up banking most of that property value increase.