Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Closing Month 1st Payment Estimated Impounds Tax Message
January March 2 Months All Paid
February April 2 Months All Paid
March May 3 Months All Paid
April June 4 Months All Paid
May July 5 Months All Paid
June August 6 Months All Paid
July September 7 Months All Paid
August October 8 Months All Paid
September November 9 Months All Paid
October December 4 Months Pay 1st Half
November January 5 Months Pay 1st Half
December February 6 Months Pay 1st Half

 

NOTES

1. Owner must own and occupy property on the 1st of March to be eligible for applicable exemptions.

2. Penalties for delinquency are 10% on the date of delinquency plus $10.00 costs for delinquent 2nd installment. Thereafter, 1.5% per month of original tax amount until paid.

3. Property may be sold at public auction after 5 years of delinquency.

4. Property taxes are based on the assessed value of your property. Property tax bills show land and improvement values. Improvements include all assessable buildings and structures on the land.

5. Proposition 13 (passed in 1978) substantially reduced property tax rates. As a result, the maximum levy cannot exceed 1% of a property’s assessed value (plus bonded indebtedness and direct assessment taxes.) Increases in assessed value are limited to 2% annually. Only four events can cause a reappraisal:

A change in ownership

Completed new construction

New construction partially completed on line date (January 1st)

A decline-in-value

6. State law requires the Assessor to reappraise property upon a change in ownership or completion of new construction. The supplemental assessment reflects the difference between the reappraised value and the prior value.

7. Supplemental tax bills are mailed directly to the property owner and do not go to impound accounts. The owner is responsible to verify if the lender will pay the supplemental bill.