IMPORTANT REAL PROPERTY TAX INFORMATION Homeowners pay property taxes to their appropriate assessment, collection or franchise tax department in each county. A change in ownership or the completion of new construction could result in a change in the assessed value of the property and may result in the issuance of a supplemental property tax bill. These taxes fund essential local services such as schools, fire departments, and infrastructure. While the base rate is fixed, actual tax bills may include voter- approved local assessments and bonds, which vary by city and county, sometimes referred to as Mello-Roos. California offers a Homeowners’ Exemption, which provides a $7,000 reduction in the assessed value of a qualifying owner-occupied residence. To qualify, the home must be the owner's principal residence as of January 1st of the tax year. Homeowners must file a one-time claim (Form BOE-266) with their county assessor by February 15 to receive the full exemption for that year. The exemption remains in effect as long as the homeowner continues to occupy the property, but they must notify the assessor if eligibility changes.
Taxes become a lien at 12:01 am. Not yet due and payable for the fiscal year starting July 1. Thereafter, title evidence must show taxes as a lien for the coming fiscal tax year.
Assessment date (Lien date)
JANUARY 1
Last day to file a timely exemption claim for veterans, disabled veterans, and homeowners. To be eligible for applicable exemptions, you must own and occupy property by March 1.
Exemption claim filing deadline
FEBRUARY 15
Current fiscal tax year begins
JULY 1
AUGUST 31
Last day to pay unsecured taxes without penalty.
1st installment due
NOVEMBER 1
First installment – July 1 to December 31
Exemption filing deadline
DECEMBER 1
Last day to file for 80% veterans or homeowner’s exemption.
10% penalty added to taxes due. If December 10 falls on a weekend or holiday, taxes are not delinquent until 5 pm the next business day.
1st installment becomes delinquent at 5 pm
DECEMBER 10
Assessment date (Lien date)
JANUARY 1
2nd installment due
FEBRUARY 1
Second installment – January 1 to June 30
10% penalty plus $10 administrative charge attaches.* If April 10 falls on a weekend or holiday, taxes are not delinquent until 5 pm the next business day. If you fail to pay either or both installments by 5 pm, property tax becomes defaulted and additional costs and penalties accrue. If June 30 falls on a weekend or holiday, taxes must be paid by the preceding business day. Property may be sold at public auction after 5 years of delinquency.
2nd installment becomes delinquent at 5 pm
APRIL 10
Property tax may become defaulted
JUNE 30
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STRENGTH | EXPERTISE | SERVICE
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