Page 22 - California Home Buyers Handbook

Can I pay my Supplemental Tax Bill in If the effective date is: The Proration Factor is:
installments? August 1 .92
All supplemental taxes on the secured roll are payable September 1 .83
in two equal installments. The taxes are due on the date October 1 .75
the bill is mailed and are delinquent on specified dates
depending on the month the bill is mailed as follows: November 1 .67
December 1 .58
(1) If the bill is mailed within the months of July January 1 .50
through October, the first installment shall become
delinquent on December 10 of the same year. The If the effective date is: The Proration Factor is:
second installment shall become delinquent on April February 1 .42
10 of the next year. (2) If the bill is mailed within the March 1 .33
months of November through June, the first installment April 1 .25
shall become delinquent on the last day of the month May 1 .17
following the month in which the bill is mailed. The June 1 .08
second installment shall become delinquent on the last
day of the fourth calendar month following the date the EXAMPLE: The County Auditor finds that the
first installment is delinquent. supplemental property taxes on your new home would
be $1,000 for a full year. The change of ownership took
How will the amount of my bill be determined? place on September 15 with the effective date being
There is a formula used to determine your tax bill. The October 1: the supplemental property taxes would,
total supplemental assessment will be prorated based therefore, be subject to a proration factor of .75 and
on the number of months remaining until the end of the your supplemental tax would be $750.
tax year, June 30. Will my taxes be prorated in escrow?
Can you give me an idea of how the proration No, unlike your ordinary annual taxes, the supplemental
factor works? tax is a one time tax which dates from the date you take
The supplemental tax becomes effective on the first day ownership of your property or complete the construction
of the month following the month in which the change until the end of the tax year on June 30. The obligation
of ownership or completion of new construction actually for this tax is entirely that of the property owner.
occurred. If the effective date is July 1, then there will
be no supplemental assessment on the current tax roll
and the entire supplemental assessment will be made to
the tax roll being prepared which will then reflect the full Reprinted with the permission from the California Land Title Association
cash value. In the event the effective date is not on July {11.4.13) Old Republic is providing this information as a free customer
service and makes no warranties or representations as to its accuracy.
1, then the table of factors represented on the following
Old republic strongly recommends that consumers obtain guidance and
panel is used to compute the supplemental assessment advice from attorneys specializing in Real Property Tax and/or qualified Real
Property Tax professionals to get more detailed, and current, on real property
on the current tax roll. taxation as to any matters directly affecting them.

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