Taxes to Homeowners
When you purchase your home, you become a
homeowner. There are many common pitfalls that may occur in the
property tax process. It is important that you take a few
minutes to review the following:
Annual Property Taxes
Annual tax bills are mailed once a year by
November 1. The first installment is delinquent on December 10,
and the second installment is delinquent on April 10. If you do
not receive your tax bill by November 1, you may call (888)
807-2111 and request a Substitute Bill.
Even though known taxes are prorated between
the buyer and seller during escrow and proper credit is given
to each, all annual property taxes may not have been paid to
the Tax Collector at that time. By calling the property tax
information number at (888) 807-2111, you can determine if any
annual taxes are due and how to obtain a substitute tax bill if
necessary. State law makes it your responsibility to pay the
taxes whether or not you receive a bill.
Supplemental Property Taxes
In addition to annual taxes, you may be
responsible for paying supplemental property taxes.
Supplemental bills are based on the difference between the old
assessed value and your new assessed value, which is generally
your purchase price. This amount is prorated based on the
number of months left in the fiscal year from the date you
purchased your home. If the property is reassessed at a lower
value than the old assessed value, you will receive a
refund.
Supplemental tax bills are your
responsibility and will be mailed directly to you by the
Treasurer and Tax Collector's Office approximately 6 months
after your purchase. These bills are not generally paid by
impound accounts.
Homeowners' Exemption
If you own and occupy your home as your
principal place of residence, you are eligible for a
Homeowners' Exemption that reduces your property tax by about
$70 annually. To apply for the exemption, you need to complete
the appropriate application.
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