The annual property tax bill for a $ 1.5 M median priced home in San Francisco is ~ $ 19,300 a year. (financialsamurai.com)
For a detached median priced home at Orange County CA, it's only a $ 672 increase each year; and for the median priced condominium, it's only a $ 396 increase. (irvinebestvalues.com)
As it turns out, the Housing Affordability Index suggests that the national median priced home was actually more affordable for the median - income family in August 2012 than it was in August 2011 even though home prices are up. (economistsoutlook.blogs.realtor.org)