Real Property Tax Dates
November 18, 2010
With the real property tax bills now due, I thought I would review the dates that impact real property taxes. the tax year begins on July 1 of each year. The first installment covers the period from July 1 to December 31. The second installment covers the period from January 1 to June 30.
Here are the important dates that real property owners should know.
March 1 - Assessment Date - Taxes become a lien at 12:01 a.m. and do not become due until November 1. However, any title report will show real property taxes as a lien from March 1 forward.
April 15 - Last day to file for the 100% Veterans or Homeowner.s exemption. You must have owned the property on March 1 to be eligible for these exemptions.
July 1 - Current fiscal tax year begins.
November 1 - 1st Installment due - July1 to December 31
December 1- Last day to file for 80% Veterans or Homeowner's exemption
December 10 - 1st installment becomes delinquent at 5 p.m. - 10% penalty added to taxes due. If December 10 falls on a weekend or holiday, taxes are not delinquent until 5 p.m. the next business day
January 1 - Calendar year begins
February 1 - 2nd Installment due - January 1 to June 30
April 10 - 2nd Installment becomes delinquent at 5 p.m. - 10% penalty plus $10 administrative charge attaches. If April 10 falls on a weekend or a 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 by 5 p.m., property tax become defaulted 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 day.
Property may be sold at public auction after 5 years of delinquency
Property taxes are governed by California State law and are collected by the county whee the real property is situated.
With the real property tax bills now due, I thought I would review the dates that impact real property taxes. the tax year begins on July 1 of each year. The first installment covers the period from July 1 to December 31. The second installment covers the period from January 1 to June 30.
Here are the important dates that real property owners should know.
March 1 - Assessment Date - Taxes become a lien at 12:01 a.m. and do not become due until November 1. However, any title report will show real property taxes as a lien from March 1 forward.
April 15 - Last day to file for the 100% Veterans or Homeowner.s exemption. You must have owned the property on March 1 to be eligible for these exemptions.
July 1 - Current fiscal tax year begins.
November 1 - 1st Installment due - July1 to December 31
December 1- Last day to file for 80% Veterans or Homeowner's exemption
December 10 - 1st installment becomes delinquent at 5 p.m. - 10% penalty added to taxes due. If December 10 falls on a weekend or holiday, taxes are not delinquent until 5 p.m. the next business day
January 1 - Calendar year begins
February 1 - 2nd Installment due - January 1 to June 30
April 10 - 2nd Installment becomes delinquent at 5 p.m. - 10% penalty plus $10 administrative charge attaches. If April 10 falls on a weekend or a 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 by 5 p.m., property tax become defaulted 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 day.
Property may be sold at public auction after 5 years of delinquency
Property taxes are governed by California State law and are collected by the county whee the real property is situated.
posted by shirley harry at 8:53 AM
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