NMA Realty

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1761 Camino Verdera, Lincoln, CA 95648 - Homesnap 1761 Camino Verdera is a property in Lincoln, CA. View more information about this property on Homesnap.

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1761 Camino Verdera, Lincoln, CA 95648 - Homesnap 1761 Camino Verdera is currently listed at $470,000 on Homesnap. View 49 photos of this property in Lincoln, CA.

STUDY BREAKS DOWN 2022 PROPERTY TAX RATES BY STATE
State by state breakdown:
Top 10 states with the highest real estate tax rates are:
1- New Jersey (2.49%)
2- Illinois (2.27%)
3- New Hampshire (2.18%)
4- Connecticut (2.14%)
5- Vermont (1.90%)
6- Wisconsin (1.85%)
7- Texas (1.80%)
8- Nebraska (1.73%)
9- New York (1.72%)
10- Rhode Island (1.63%)

States that levy a vehicle property tax are:

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
North Carolina
Rhode Island
South Carolina
Virginia
West Virginia
Wyoming

Of these states, the 10 with the highest vehicle tax are:

Virginia (4.04%)
Mississippi (3.46%)
Rhode Island (3.01%)
Missouri (2.60%)
Connecticut (2.59%)
South Carolina (2.50%)
Maine (2.40%)
Massachusetts (2.25%)
Kansas (1.93%)
New Hampshire (1.80%)
Key findings:

While New Jersey has the highest property tax rate ($5,419), Hawaii has the lowest ($606).
Virginia has the highest vehicle property tax ($1,023), Louisiana has the lowest ($25).
Blue States have 31.12% higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.
According to the National Tax Lien Association, more than $14 billion of these taxes go unpaid every year.

Mortgage Rate Increases: How They’re Impacting Housing Demand!

Mortgage rates increased to 3.22%, the highest percentage since May 2020—likely sparking motivation for buyers and continuing to drive up the housing-market competition.
Some 47% of house hunters say they’d feel more urgency to buy a home if mortgage rates rose above 3.5%, according to a new report from Redfin. A lower share of 29% would look for homes in different areas or consider smaller houses, while 14% would slow their search in hopes of rates coming down again.
Meanwhile, 7% of respondents wouldn’t change their plans at all. Just 2% said they would cancel their plans to purchase a home if mortgage rates increased to 3.5%.
The Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in the next 12 months, showed focuses on the majority of those respondents indicating they were planning to buy a home in the next year.
The interest rate on a 30-year fixed mortgage rose during the first week of 2022 from 3.11% the prior week, Freddie Mac said Thursday. That’s the highest level since May 2020, when the pandemic was just beginning. Redfin Chief Economist Daryl Fairweather expects rates to hit about 3.6% by the end of 2022.
“Mortgage rates increasing will make homebuying less affordable. Over time, that will put the brakes on demand and put an end to double-digit annual price growth,” Fairweather said. “In the short term, this increase will light a fire under homebuyers and make for an extremely competitive January.”
Rising rates are the main driver for homebuyers in Houston right now, according to local Redfin real estate agent Faith Floyd.
“Buyers are worried mortgage rates will go up and they’ll no longer be able to afford a home,” said Floyd. “They also feel a sense of urgency because they don’t want to have to compete with spring and summer buyers and end up overpaying five months down the road.”
Agents have also said the potential for higher mortgage rates is motivating sellers to act quickly.
“Sellers want to get their homes on the market ASAP,” Seattle Redfin Agent Shoshana Godwin said. “They’re concerned that if rates rise too much, it could impact their chances of getting good offers since buyers may be worried about overall costs increasing.”

REAL ESTATE Q&A: I CO-OWN A HOUSE WITH A FRIEND. IS IT BETTER TO LEAVE MY SHARE IN A WILL, OR SHOULD I DRAFT A DEED?

Q: I own my home 50/50 with a friend. Neither of us has any close relatives that we would want to leave our half of the house. I read your article about owning a property with other people. Would it be okay to add something to my will stating that my friend will get my share of the house when I die rather than drafting a new deed making us joint tenants with the right of survivorship?

A: Unless you are married or have minor children, you can devise your part of the home to your friend in your will. But having you and your friend deed the house to yourselves as joint tenants with right of survivorship is a much better option for many reasons. The first reason is cost. Preparing a will is more expensive than a deed. Add the cost of probating your will, and it becomes much more costly. A survivorship deed would automatically vest in the surviving friend upon the first death—no need to file for probate. The deed method also avoids any issues with creditors that remain when you pass since the property goes to your friend outside of probate.

Both the deed and wills can be changed at any time by you and your friend. However, because deeds are freely available in the public records, you will know if your friend changes her mind and decides not to leave her half to you. Wills are private, and you would not know if they were changed until after her death. Also, if either of your wills gets lost or destroyed, your intentions might not be carried out. This is not an issue with a deed because it is recorded in your county’s land records. In most legal matters, such as estate planning, there are many ways to accomplish your goals, but not all methods work as well or are as efficient as others.