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When property changes ownership or is improved by new construction, it is reappraised by the Assessor's Office. A supplemental tax bill is then generated to reflect the difference between the previous value and the new assessed value, retroactive to the date of ownership change or improvement.
The property tax cycle is based on a fiscal year that runs from July 1st through June 30th. Depending on the time of year you purchased or improved the property, and whether new construction was involved, you may receive more than one supplemental bill. For example, if you purchased or improved the property last fiscal year, you may receive one supplemental bill for the prorated portion of time you owned the property during the previous tax year and another for this fiscal year. In the future, the new value will be incorporated into your current secured or unsecured property tax bill.
If you have an impound account, please be aware that most lenders do not pay supplemental property taxes and we do not mail lenders a copy of the bill.
Your supplemental property tax bill may be paid in two installments. The due dates are noted on each payment stub. Please note that the due dates for supplemental tax bills are dependent upon the mailing date of the bill and may not correspond with the due dates for your current secured or unsecured property taxes. Late fees apply after each deadline is missed. |