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Property and Income Taxes

California Property Tax Fiscal Year Covers July 1 to June 30

Due Dates

1st Installment     Due Nov 1, late by Dec 10
2nd Installment   Due Feb 1,  late by Apr 10

* Always confirm your payment was received by checking online or by calling the Tax assessor's office.

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Look-up Property Tax Bill

County Assessor's Websites 
(* Offers Online Bill Look-Up)

Property Taxes on a Newly Purchase Property

To estimate property taxes on a property in California, you can use 1.25% of purchase price as a rule of thumb for the 1st year's tax bill. For a more accurate estimate, your Natural Hazard Disclosure Report will include a estimation calculator. 

 

When you purchase a home, the county tax assessor reassesses the property and sets a new property tax amount based on your purchase price. Your property taxes will be approximately 1% of your purchase price, plus any voter approved bonded indebtedness of the community (hence the 1.25% rule of thumb). Additionally a community may have a "Mello-Roos" assessment. For example, every home located within the Mt. Diablo School District has a yearly Mellos-Roos assessment added to their tax bill. Another common item you may find on the tax bill is for "pest abatement", or a bond for a sewer district.

California Proposition 13 limits property tax increase to 2% annually
In future years, the tax assessor is allowed to increase the assessed value by 2% appreciation per year.

 

California Proposition 19

Proposition 19 allows homeowners over age 55 to keep a better tax rate when they sell one house and buy another. It took effect in 2021 and applies to anywhere in the state. It also restricts the ability for parents to transfer property to their children by adding a requirement that they live in the home. 

Homeowner's Exemption
This is a deduction of $7,000 from the "assessed value" and applies only to owner-occupied properties. Once you've purchased a home you will received a card from the assessor's office to fill out to apply for the exemption. The card must be completed and returned between March 1st and April 15th. Applications submitted after April 15th, but before the end of the year will qualify for only 80% of the exemption.


Supplemental Property Tax Bill
The Supplemental Property Tax Bill is for the difference between the tax based on the seller's assessed value and the tax based on your new assessed value.

Income Tax Forms & Publications

*Any tax advice included on this website was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed on the taxpayer by any governmental taxing authority or agency. Always consult your tax advisor to understand your unique tax situation.*

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