Page 20 - CTT-CA Real Estate Foreign Buyer & Seller Guide_English

Real Important Property
JANUARY 1 Assessment Date (Lien Date)
Taxes become a lien at 12:01 a.m. Not yet due and payable for the Fiscal Year start- ing July 1. Thereafter title evidence must show taxes as a lien for the coming Fiscal Tax Year.
Tax Dates
APRIL 15 Last day to file for 100% Veterans or homeowner exemption.
To be eligible for applicable exemptions you must own and occupy the property on March 1.
JULY 1 Current fiscal tax year begins.
NOVEMBER 1 1st installment due.
(First installment - July1 to December 31)
DECEMBER 10 Last day to file for 80% Veterans or homeowner’s exemption.
10% penalty added to taxes due. If December 10 falls on weekend or holiday, taxes are not delinquent until 5 p.m. the next business day.
JANUARY 1 Assessment Date (Lien Date)
FEBRUARY 1 2nd installment due.
(2nd installment - January 1 to June 30)
APRIL 10 2nd installment becomes delinquent at 5 p.m.
10% penalty plus $10 administration charge attaches*. If April 10 falls on a week- end or holiday, taxes are not delinquent until 5 p.m. the next business day.
JUNE 30 Property Tax may become defaulted.
If you fail to pay either or both installments be 5 p.m., property tax becomes de- faulted and additional costs and penalties accrue. If June 30 falls on a weekend or holiday, taxes must be paid by 5 p.m. of the preceding business day.