California Small Business Resource
 

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.

AddThis Social Bookmark Button


California Small Business Resources - home
California Tax Help
Taxpayer Advocate
Business Tax Reforms
Tax Avoidance
Why do we pay taxes?
California Board of Equalization
Contractor
California Payroll Taxes
Department of Consumer Affairs
Small Claims Help
Preparing for Small Claims Court
How to Sue in Small Claims Court
Property Assessment
Real Estate Transfers Exclusion
Propositions 58 / 193
Seniors' Dwelling Benefit
Property Tax System
Homeowner Taxes
Important Dates
Mediation
IRS notice
Bad Checks
Check Screening
Check Acceptance
Check Tips
Bad Check Restitution
Site Map

 California-Small-Business-Resources