NEERU SEHGAL
 Realtor, Notary
 Taking you Forward,

Call me first before you buy or sell your home
Serving the Temecula, Murrieta, Winchester, Menifee, and Wildomar areas
 

Main (951) 760-8562  info@neerusehgal.com

 


 

 Fax (951) 676-9754
Home
About Us
free home evaluations
Office Rentals
Office Listings
Loan Process
Calculators
Property Search
Property Taxes
Schools
SEE WHAT YOUR HOME IS WORTH
Ordering Basic Services
Buying Advice
Selling Advice
Resources
Contact Us
Property Management
Golf Courses

Restaurant
Guide

Register Today
Free

1031 EXCHANGE CLASSES

 

California Property Tax Due Dates
July 1, 2006 - June 30, 2007  (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
2006 Estimated Income Tax Payment Deadlines (Income Tax Forms and Publications/Tax Deadline Calendar)

Event Due Date
1st Installment April 15, 2006
2nd Installment June 15, 2006
3rd Installment September 15, 2006
4th Installment January 15, 2007
Tax Filing Deadline April 15, 2007

 

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.

IRS Website

CA Franchise Tax Board Website

Other

 

 

 

 

Neeru Sehgal is a licensed Realtor in California