The second installment is due February 1 and delinquent April 10. Supplemental property tax bills are mailed within 2 weeks of the notice of supplemental assessment. Due dates for supplemental taxes can vary. The taxable value of real estate is the basis of secured property taxes. Property taxes are calculated by multiplying the property's taxable value by the tax rate for the area where the property is located.
Tax rates can vary significantly from one area to another.
Whenever a reassessable change of ownership occurs, Proposition 13 requires the Assessor to revalue property for tax purposes. This is called a security interest transfer . A copy of the written agreement between parties to reconvey the property upon payment of the debt. A copy of the appropriate income tax return schedule indicating mortgage interest paid or depreciation claimed AND a mortgage statement covering the time period when parties involved were on title together. A signed Security Interest Affidavit and other required information should be mailed to our office.