CALIFORNIA PROPERTY TAXES
A veteran is exempt from up to $____ in assessed value
$4,000
A Homeowner is exempt from up to $____ in assessed value
$7,000
California Property Taxes are limited to _% of the ________ value of the property, plus voter-approved Indebtedness.
1%, Assessed
The second half of property taxes becomes delinquent April ____
10th
The second half of property taxes is due February ___
1st
The property Tax Calendar runs from July _st through june __th of the following year
1st, 30th
The second half of the tax year starts January ___ and ends June ____
1st, 30th
Unless a reassessment event occurs, the maximum amount of assessment tax increase is limited to _% per year.
2
When is the first half of property taxes delinquent?
December 10
The property tax calender is based on a ______ year
Fiscal
Special Property Tax Exemptions are available to..?
Homeowners, Veterans, and Seniors.
When is the first half of property taxes due?
November 1st
Senior citizens may ________ paying ________ taxes until they sell.
Postpone, Property
California property taxes are limited by..?
Proposition 13
A Special Assessment Tax is an example of Voter-Approved indebtedness (T/F)
True
A proration is the division of property taxes owed by buyer and seller in one property (T/F)
True
Property is reassessed everytime it is sold (T/F)
True