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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California.It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.
The industry caused immense growth in the region: from 1960 to 1980, the population of Santa Clara County more than doubled. The population has continued to grow, but not at such a rate (from 1980 to 2010, the population in Santa Clara County grew by about 38%). [6]
A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
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A 3-bedroom, 2.5-bath home, built in 1924: assessed at $270,000 in 2004, property taxes: $5,090 sold 2005 for $725,000: 2006 taxes: $10,997 sold 2010 for $540,000, 2010 taxes: $12,193