So, its possible to get more than one supplemental tax bill?
Yes. It is possible to receive several supplemental tax bills, depending on when the ownership change or completion or new construction occurred and when the Assessor recorded the new value on the tax roll. Because property is assessed each January 1 for the upcoming fiscal year (July 1 – June 30), you will receive one supplemental bill if the change in property value due to ownership change or new construction is recorded on the tax roll between June 1 and December 31; you will receive two supplemental bills if the change in property value is recorded on the tax roll between January 1 and May 31. Figure 1 illustrates the homeowner’s obligation to pay both supplemental and annual tax bills after purchasing property or completing new construction. (NOTE: The diagram assumes an increase in property value.
Related Questions
- Will PERS help individual members with possible tax issues associated with the overpayment and potential tax consequences and penalties associated with repayments?
- Is it possible to have back the customer counters where tax installment can be paid directly, because the Postal Service and banks charge high commission?
- So, its possible to get more than one supplemental tax bill?
