First Time Buyer Alert!

California first time homebuyers in particular already know the challenge of entering this market where first time homebuyers are only about 26% of all homebuyers, a record low. Assembly Bill 62 has just been introduced by Audra Strickland which proposes and assessment reduction equal to 25 per cent of the property's value. Property taxes are assessed at 1% plus .25% for state bonds, and this proposal would take about $1,200 off your property taxes, considering the median price of a home here is $473,000. This is a bill to follow, and read this for more.