Property Tax Tips for New Owners at Orange County CA Real Estate

Property tax information 

The Orange County CA Assessor updated its published general information for new home owners at Orange County, California. 

  • By law, California real estate is valued each year as of January 1 (lien date) for property tax purposes. 
  • Property taxes are assessed to the owner of real estate on January 1 of each year.  
  • Property tax bills are mailed in September to the owner of property on January 1.  
  • New owners may receive a tax bill with the prior owner’s name (January 1 is the controlling date).  
  • New owners are responsible for property tax payments as soon as they acquire the property. 
  • Check for unpaid taxes on the Tax Collector’s website, http://tax.ocgov.com (Pay/Review Your Property Taxes).  
  • Your name may not appear on the tax bill for up to 1 year.
  • Homeowners that occupy their home as their principal residence may qualify for an exemption that could reduce their taxable value by $7,000 and save them about $70 per year in property taxes.  
  • New owners will receive a Notice of Supplemental Assessment and a Supplemental Tax Bill (this process can take up to 9 months from when you acquired the property).
  • Information on tax-saving programs administered by the Assessor Department is posted on its web site.

Orange County CA

 __________________________________________________________

Source of information is the County of Orange CA Assessor office

LinkedIn Find us at Facebook RSS feed

Please contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County CA

Posted via email from Explore OC Homes

About Harrison K. Long

Businessman, Professional real estate representative, Realtor, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs member, California Association of Realtors member now serving on its board of directors from 2011 to the present, National Association of Realtors member - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply