Important California Property Tax Dates

Annalisa Alvarado of North American Title recently provided me with the following tax information:

July 1 -- The Current fiscal tax year begins

November 1 -- First tax installment is due

December 1 -- Last day to file for 80% Veterans or Homeowners exemption.

December 10 - First tax installment becomes delinquent at 5:00 pm.  10% penalty added to taxes due.  If December 10 falls on a weekend.

January 1 -- Calendar year begins

February 1 -- Second tax installment due

March 1 -- Assessment Date  Taxes become a lien at 12:01 a.m. Title must show taxes as a lien for the coming fiscal tax year.

April 10 -- Second tax installment becomes delinquent at 5 p.m. 10% penalty plus $10 administrative charge is attached. If April 10 falls on a weekend or holiday, taxes become delinquent at 5 p.m. the next business day.

April 15 -- Last day to file 100% Veterans or Homeowners Exemption.  To be eligible you must own and occupy the property on March 1

June 30 -- Property tax may become defaulted  If you fail to pay either or both installments by 5 p.m., property tax becomes defaulted and additional costs and penalties accrue.  If June 30 falls on a weekend or holiday, taxes must be paid by 5 p.m. the next business day

After five years of delinquency, property can be sold at public auction.  Taxes are collected by each county but are governed by California State Law.

These dates are important to keep in mind to save penalties when owning a home.  New homeowners also have to keep in mind that properties are reassessed based on the recent sale and that a supplamental tax bill is prepared by the county.  This bill is mailed separately and if your mortgage holder is collecting your taxes is an obligation that is the owners responsibility to pay.

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