Supplemental Property Taxes were introduced as part of a law signed by the Governor in July 1983. The primary goal was to generate additional revenue for California’s schools, with an expectation of over $300 million per year.
How Do They Affect You?
• No Impact if No Changes: If you aren’t buying new property or undertaking new construction, these taxes won’t affect you.
• Impact with Changes: If you purchase new property or complete new construction, you will be required to pay a supplemental property tax. This tax becomes a lien on your property from the date of ownership change or completion of construction.
Billing Information
• Timing: The timing of your bill can vary. It might arrive in as few as three weeks or take over six months, depending on your county’s workload.
• Process:
i. Appraisal: The County Assessor appraises your property and notifies you of the new supplemental assessment amount.
ii. Discussion: You can discuss your valuation, apply for a Homeowner’s Exemption, and learn about your right to file an Assessment Appeal.
iii. Calculation: The County calculates the supplemental tax amount.
iv. Billing: The County Tax Collector sends you a supplemental tax bill, which includes the tax amount and the delinquency date.
Understand more about Supplemental Property Taxes, click here.
Know your home’s worth, click here.
Homes for sale in Carmel Valley click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
