Newport Beach Property taxes can vary between communities. Some newer communities add Mello Roos as an additional tax for community infrastructure. That additional Mello Roos tax usually goes away in about 20 years. My rule of thumb is 1.25% average tax rate of the purchase price. So on $2,000,000 you can expect a annual tax of about $25,000. Property Tax is the number one income source for the city of Newport Beach so they watch it closely. It’s based on purchase price but can be reassessed based on actual market value.
Give us a call and we can provide a Net Sheet on any home Sale or Purchase.
Got Questions? Call Paula Pelton 949-667-1940