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Understanding Pre-paid Property Taxes when Purchasing a Home

When a buyer buys a house there are often lots of questions about property taxes. Here is some information that I think you will find helpful. Please consult with your lender or CPA if you have specific questions about your purchase or loan. This information is for Southern California. Property taxes are pre-paid 2 x a year to the County. We use the phrase "No Darn Fool'n ­Around" to remember when the...

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