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CALIFORNIA

PROPERTY TAX GUIDE

2nd Installment 1st Installment
Lien Date Delinquent Tax Bills Mailed Delinquent
January 1st Last Week of October
After April 10 After December 10

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Beginning of Fiscal
2nd Installment Due Tax Year 1st Installment Due
February 1st November 1st
July 1st

2nd Installment 1st Installment
January 1 - June 30 July 1 - December 31
NOTES
1. The California Constitution provides a $7,000 reduction in the taxable value for a qualifying owner-occupied home. The home must have been the principal place of
residence of the owner on the lien date, January 1st. To claim the exemption, the homeowner must make a one-time filing of a simple form with the county assessor
where the property is located. The claim form, BOE-266, Claim for Homeowners’ Property Tax Exemption, is available from the county assessor. A person filing for
the first time on a property may file anytime after the property or claimant becomes eligible, but no later than February 15 to receive the full exemption for that year.
Source: http://www.boe.ca.gov/proptaxes/assessors.htm
2. Contact your County Tax Assessor for information on penalties and fees for late payments. http://www.boe.ca.gov/proptaxes/assessors.htm
3. Property may be sold at public auction after 5 years of delinquency.

TAX IMPOUND RESERVE SCHEDULE PROPERTY TAX PRORATION

Closing 1st Payment Pay 1st in Pay 2nd in No. Months Required Charge Credit
Month Escrow Escrow By Lender to Impound
January March 6 No Proration No Proration
Collect 2nd Installment from
February April • 1 Credit Seller 5 months
Seller’s Account
March May • 2 Charge Buyer 4 months Credit Seller 4 months
April June • 3 Charge Buyer 3 months Credit Seller 3 months
May July 4 Charge Buyer 2 months Credit Seller 2 months
June August 5 Charge Buyer 1 month Credit Seller 1 month
July September 6 No Proration No Proration
August October 7 Charge Seller 1 month Credit Buyer 1 month
September November 8 Charge Seller 2 months Credit Buyer 2 months
October December • 2 Charge Seller 3 months Credit Buyer 3 months
Collect 1st Installment Taxes from
November January • 4 Credit Seller 2 months
Seller. Account Charge Buyer 2 Months
December February • 5 Charge Buyer 1 month Credit Seller 1 month
The number of months shown above are estimates and may vary according to
individual lender requirements.

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Old Republic Title is providing this information as a free client service and
makes no warranties or representations as to its accuracy.
Old Republic Title strongly recommends consumers confer with their
title insurer as underwriting requirements vary among companies and
further, obtain guidance and advice from qualified professionals, including
attorneys specializing in Real Property, Trusts and/or Title Insurance to
get more detailed, and current, information as to any particular situation
affecting them.