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