Thursday, August 27, 2009

Property Taxes - The Annual Public Notice of Delinquencies

August 27, 2009

This morning in the San Bernardino Sun newspaper, there is a section D which contains 21 pages of properties in San Bernardino County that have property taxes that were declared to be defaulted as of 12:01 a.m., July 1, 2008. The declaration of default was due to non-payment of the total amount due for the taxes, assessments and other charges levied in the fiscal year 2007 that were a lien on the real property. You can search the list by Assessor's Parcel Number (APN) to see if you have taxes owning. You may have and actually should have received a notice of delinquency. We have discovered that new homeowners throw away this notice in the belief that all taxes were prorated and paid through the escrow at the time of the sale. This belief is true for current taxes, but not for supplemental taxes that may be levied after the sale. Word to the wise: Don't ignore notices, check them out immediately. The penalties for non-payment are substantial and continue to accrue until payment is made.

If taxes are unpaid after December 10, a 10% penalty is charged on the first installment. If the delinquency continues after April 10 another 10% is charged on the second installment along with a $10 cost fee.. If the taxes remain unpaid after June 30, they are charged an 18% interest (1.5% per month) and a flat $15 redemption fee.

If taxes remain unpaid for a five year period, the property will be subject to a sale at public auction.

While the print in the newspapers is small and difficult to read, the defaulted parcel numbers are there along with the amount owed. Check it out.

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