Property Tax Schedule: Avoid Delinquencies

property tax schedule

No one likes to think much about taxes, but property tax installments are due. So my tip this month is just a friendly reminder that you need to pay your installment no later than April 10th, after which, they become delinquent. To help you avoid any delinquencies, I’m also providing a property tax schedule you can use for future reference.

July

July 1st – Fiscal year begins. At this time, any delinquent secured accounts are transferred to delinquent tax roll. Once on this roll, the owner must pay an additional 1.5% penalty per month as well as a $15 redemption fee.

August

If you are delinquent in your taxes, the Treasure/Tax Collector’s Office will mail delinquent secured notices.

August 31st – Unsecured Tax Delinquency Deadline at 5:00 p.m. If you miss this deadline, you will also owe a 10% penalty as well as a $75 collection fee.

September and October

Sept 25th through Oct 5th – The Treasurer/Tax Collector’s Office mails out original Secured Property Tax bills. Keep in mind that supplemental tax bills are mailed at many times during the year.

Additionally, in October, unsecured tax liens are filed for unpaid, unsecured properties.

November

November 1st – The first secured property tax installment is due.

Also, beginning November 1st, those with delinquent unsecured accounts begin accruing a 1.5% penalty each month until the bill is paid.

December

December 10th – This is the payment deadline for the first installment of secured property tax. If not paid on this date, owners will receive a 10% penalty.

January

During the month of January, the Treasurer/Tax Collector’s Office mails delinquent notices for anyone with unpaid first installment and supplemental secured installments.

February and March

February 1st –  The second Secured Property Tax Installment is due.

During February and March, the Treasurer/Tax Collector mails out delinquent prior year secured installments.

During March, and going through July, they also being to mail out unsecured property tax statements.

April

April 10th – This is the deadline for the second secured property tax installment payment. If you miss this deadline, you will receive a 10% penalty plus a $23 collection fee.

May

During the month of May, the Treasurer/Tax Collector mails out delinquent notices for any unpaid first and second installment taxes and Supplemental Secured Installments.

June

June 30th – This marks the end of the fiscal year.

Property Tax Schedule Notes

Please note that this only includes the most important dates. Check with the tax office to determine your individual needs. Finally, if a deadline falls on a weekend or holiday, the new deadline is the next business day.

If you need help understanding your taxes or the property tax schedule, give me a call. I’d be happy to provide a list of tax professionals in the area that can give you a hand.

© 2024 The Raskin Group. 2115 Main Street Santa Monica CA 90405 (310) 867-0173    DRE# 01912796

 

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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