It is about 1.17% in most of california. Closer to 1.5% in SF, Berkeley, Oakland. But the tax increases by at most 2% per year. So $4800 a year on a $400k house in Castro Valley, Burlingame Hills, Broadmoor, or other cities without extra taxes.
Wow, this is nuts. I spend 5k a year in taxes for a $128k home... New York State for you...