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IMPORTANT REAL PROPERTY TAX DATES (cont’d)
CHICAGO TITLE CALIFORNIA BUYER & SELLER GUIDE
Can You Disagree With the Amount?
You may apply to the assessor to see if that office will change the valuation. Additionally, appeals boards have been established for the purpose of resolving valuation problems. Appeals on regular assessments may be filed between July 2 and September 15. Appeals on corrected assessments, escaped assignments (assessments that did not take place when they should have), or supplemental assessment must be filed no later than 60 days from the mailing date of the corrected, escaped, or supplemental tax bill.
Did You Recently Purchase Property?
Although escrow prorates taxes and gives appropriate credit between buyer and seller, the actual taxes may not have been paid and you are responsible for any unpaid taxes at the close of escrow.
Read your escrow papers and/or title report to determine if any portion of the annual taxes were paid by the previous owner before the close of escrow.
If any taxes remain unpaid, call the tax collector and request a bill. When you call, give the assessor’s Identification Number (consisting of map book, page, and parcel number) from previous tax bill; the property address; or the legal description.
State law stipulates that failure to receive a bill does not permit the tax collector to excuse penalties on late payments.
Impound Accounts
If your taxes are paid through an impound account
(included with your mortgage payment), your lender will receive your annual tax bill, and you will receive an informational copy.
Important Note
In addition to annual taxes, you will probably be responsible for paying supplemental property taxes. The supplemental property tax bill is sent
to the owner only. Consider sending a copy of the supplemental bill to the lender, especially in the event taxes are paid through an impound account.
File an Appeal But Remember to Pay
the Tax
If you choose to appeal, still pay your tax installment in full by the appropriate deadlines or you may incur penalties. If your appeal is granted, a refund will be issued to you.
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