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IMPORTANT REAL PROPERTY TAX DATES
CHICAGO TITLE CALIFORNIA BUYER & SELLER GUIDE
JANUARY 1 FEBRUARY 15 JULY 1
AUGUST 31 NOVEMBER 1 DECEMBER 1 DECEMBER 10
JANUARY 1 FEBRUARY 1 APRIL 10
JUNE 30
How Property Taxes Are Determined
Assessment date (Lien date)
Exemption claim filing deadline
Current fiscal tax year begins
1st installment due
Exemption filing deadline
1st installment becomes delinquent at 5 pm
Assessment date (Lien date)
2nd installment due
2nd installment becomes delinquent at 5 pm
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.
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.
Last day to pay unsecured taxes without penalty.
First installment – July 1 to December 31
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.
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.
Property tax may become defaulted
Property taxes are governed by California State law and collected by the county. The county assessor
must first assess the value of your property to determine the amount of property tax. Generally, the assessed value is the cash or market value at the time of purchase. This value increases not more than 2% per year until the property is sold or new construction completed. The auditor-controller applies the appropriate tax rates, which include the general tax levy, locally voted special taxes, and city or district direct assessments. The tax collector prepares the property tax bills based on the auditor- controller calculations, distributes the bills, and collects the taxes.
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