Did you just purchase property?
Although Escrow prorated the property tax when in escrow and gives appropriate credit between the buyer and seller, the actual taxes may not have been paid and you are responsible for any un-paid taxes at the close of escrow.
Read your escrow papers and or Title report to determine if any portion of the annual taxes were paid by the previous owner before the close of escrow.
If any taxes remain unpaid, Call the tax Collector and request a bill. When you call, give the Assessor's Parcel Number or Identification Number from the previous tax bill, the property address and/or the legal description.
State Law stipulates that Failure to receive a Tax Bill does not Permit the Tax Collector to excuse Penalties on Late Payments!
If your taxes are paid through an impound account (which is included in your mortgage payment), your Lender will receive your annual tax bill, and you will receive an informational copy for your records.
In addition to the annual taxes, new purchases you will probable be responsible for paying a supplemental property tax. The supplemental property tax bill is sent to the owner only and must be paid. Consider sending a copy of the supplemental bill to your lender, Especially in the event taxes are paid through your impound account.
Dates to remember;
1. January 1, First day to File "Decline-in-Value"
2. February 1, Second installment of Real Estate taxes are Due (Delinquent after 10-April)
3. November 1, First Installment of Real Estate taxes is Due ( Delinquent on 10-December)
4. December 31, Last day to file a "Decline-in-Value"
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©JD Moshier. All Rights Reserved. RE/MAX Agent Licensed in CA DRE: # 1878403.
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