Taxes are 1% of purchase price + bonds/assessments
In general, if you use 1.2-1.3% of the purchase price as the annual taxes, it will give you a good gauge for annual taxes.
The taxes increase by about 2% per year
So.. If taxes are 1.2% of $1,000,000 = $12,000, then the next year they’ll increase by 2% = $240 the next year
