#1: Your annual costs owning a property in California美国买房子自住和投资经验总结 （之 三）） (4136 reads) 作者: jennydcheng, 时间: 2011-12-09 周五, 05:52 — 作者：jennydcheng 在 海外房地产 发贴, 来自【海归网】 http://www.haiguinet.com
1.Annual property tax = 1.3% to 1.5% of the purchase price. (property tax is different by state and county. The number here is the average % in California)
2. Insurance = approximately 0.3% to 0.5% of the purchase price, depending on the location and size of the house.
3. Utility fee (trash, electricity, water, gas, gardening) = approximately $2,000 based on minimum usage.
4. Repair Costs = $2,000 to $3,000 per year (depending on the year built and the condition of the property, the older the property the higher the amount).
5. Additional Fee for rental properties:
a. Leasing fee (every time you need to find a new tenant): one month rent
b. Management fee for hiring a management company to manage your property: 6% of the annual rental income.
c. Service charges on Repair Cost: 15% on the invoiced repaired cost.
d. Federal and state income tax (due to the rental income)
i. Tax returns preparation fee: approximately $200 annually.
ii. Taxes: depending on your income. (If the rental income is less than $50,000, the effective tax rate is approximately 15% for both Federal and state taxes).
