Hi Lola, when you purchase an existing home you actually temporarily inherit the prior owners tax rate/amount. This happens because it takes the County some time to recognize the change in ownership, which triggers a Supplemental Tax bill, and then levy the new tax based on last sale price on January 1st of the year. Since you bought in July, you should have been reassessed downward on Jan 1, 2009.
Because the Fiscal Tax year starts July 1 there is some payment overlap, you can see this here:
The schedule may not be completely clear to you, so if you have more questions do what I do: call your escrow officer â€“ they explaining this all the time.
FYI, one way to know when your taxes are due and delinquent is to remember the saying, "No Darn Fooling Around", or NDFA.
Apr - Delinquent
Some additional notes on Taxes:
Under Proposition 13, real property is reappraised only when a change in ownership occurs, or after new construction is completed. Partially completed new construction is also added as of January 1. Generally, a change in ownership is a sale or transfer of property, while new construction is an addition or improvement to property. Except for these two instances, property assessments cannot be increased by more than 2% annually unless the Assessor has previously granted a temporary reduction due to market value decline.
Important Dates for Property Owners:
January 1: The assessment of property applies as of 12:01 a.m. on this day each year. (Effective 1-1-97)
February 15: Legal deadline for filing exemption claims for welfare, cemetery, college and exhibitions. (Effective 1-1-98)
February 15: Legal deadline for filing exemption claims for churches. (Effective 1-1-98)
February 15: Legal deadline for filing an exemption claim for homeowners, veterans and disabled veterans. (Effective 1-1-98)
April 1: Due date for filing Business Personal Property statements.
April 10: Last day to pay second installment of property taxes without penalty.
May 7: Legal deadline for filing business personal property statements without penalty. If May 7 falls on a Saturday, Sunday or legal holiday, a property statement that is mailed and postmarked on the next business day shall be deemed to have been filed between the lien date and 5 p.m. on May 7.
July 1: Assessment roll delivered by Assessor to County Auditor-Controller.
July 2 - September 15: Period during which requests for hearings before the Assessment Appeals Board on regular fiscal year assessments must be filed in writing.
Mid-July: Annual mailing of assessment notices to all County real property owners stating the taxable value of the property.
August 31: Regular roll unsecured taxes due.
December 10: Legal deadline for filing a late exemption claim for homeowners, veterans and disabled veterans.
December 10: Last day to pay first installment of property taxes without penalty.