I'm not sure on how property taxes work in California, but here in Orlando, a house like that would cost you $440k in property taxes alone each year. Ouch.
I looks like property taxes in Cali are more like 1%. Here in Florida they are 2%, but we don't have any state income tax so I guess it all balances out.
Photo: JOHN STOREY, The Chronicle
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Lyon Street steps: There's a reason these steps are a favorite for boot campers and hikers alike. They offer a strenuous workout between the Presidio and Pacific Heights, with incredible views of the bay.
This is billionaires row, house on the top right of the picture ( yellow brick/ red tile roof) is Senator Dianne Feinstein's and her husband financier Richard Blum ( PE firm BlumCapital) and three houses to the right is the Getty mansion.
