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California Property Tax Due Dates
July 1, 2007 - June 30, 2008 (view
property tax bill online)
| Event |
Due Date |
| 1st
Installment |
Due Nov. 1, late if not received by Dec. 10 |
| 2nd
Installment |
Due Feb. 1, late if not received by Apr. 10 |
* Always confirm your payment
was received by checking online
or by calling the Tax assessor's office.
Federal and
California Income Tax
Estimated
Income Tax Payment Deadlines (Income
Tax Forms and Publications/Tax
Deadline Calendar)
| Event |
2007 Due Dates |
2008 Due Dates |
| 1st
Installment |
April 15, 2007 |
April 15, 2008 |
| 2nd
Installment |
June 15, 2007 |
June 15, 2008 |
|
3rd Installment |
September 15, 2007 |
September 15, 2008 |
|
4th Installment |
January 15, 2008 |
January 15, 2009 |
|
Tax Filing Deadline |
April 15, 2008 |
April 15, 2009 |
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Look-up Property Tax Bill |
Income Tax Forms &
Publications |
* Offers Online Bill Look-Up
To estimate property taxes on a property in California, you can
use 1.25% of purchase price as
a rule of thumb for the 1st year's
tax bill. (more below)
When you purchase a home, the county tax
assessor reassesses the property and sets a new property tax amount
based on your purchase price. Your property taxes will be approximately
1% of your purchase price, plus any voter approved bonded indebtedness
of the community (hence the 1.25% rule of thumb). A new community may
have a "Mello-Roos" assessment. For example, every home located within
the Mt. Diablo School District has a $67 per year Mellos-Roos assessment
added to their tax bill. Another common item you may find on the tax
bill is for "pest abatement", or a bond for a sewer district.
Your future increases limited by Proposition 13 to 2% annually
In future years, the tax assessor is allowed to increase the accessed
value by 2% appreciation per year.
Homeowner's Exemption
This is a deduction of $7,000 from the "accessed value" and applies only
to owner-occupied properties. Once you've purchased a home you will
received a card to fill out to apply for the exemption. The card must be
completed and returned between March 1st and April 15th. Applications
submitted after April 15th, but before the end of the year will qualify
for only 80% of the exemption.
Supplemental Property Tax Bill
The Supplemental Property Tax Bill is for the difference between the tax
based on the seller's assessed value and the tax based on your new
assessed value.
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IRS Website
CA Franchise Tax Board Website
Other
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*****Any tax advice included on
this website was not intended or written to be used, and it cannot be used by
the taxpayer, for the purpose of avoiding any penalties that may be imposed on
the taxpayer by any governmental taxing authority or agency. Always consult with
your CPA to prior to consummating any financial decision.*****
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