What is Secured taxes?
“Secured” property is any real property that can’t be moved like homes or land.
Proposition 13 limits the tax rate to 1% of a property’s current assessed value, plus any voter-approved bonds and direct assessments. The proposition also requires that property values can’t increase more than 2% annually, based on the California Consumer Price Index. However, property is reassessed whenever it changes owners or undergoes new construction.
All owners of business, industrial, agricultural and residential properties must pay property taxes unless exempted by state law. Lessees must pay property taxes if they are leasing real estate from an owner whose property is exempt.
- On or before August 1: County Assessor mails value notices.
- On or before November 1: County Tax Collector must mail Secured Tax Bill to each assessee.
- November 1 – December 10: 1st installment is due. If not received or postmarked by December 10, a delinquent penalty of 10% will apply to outstanding bills.
- February 1 – April 10: 2nd installment is due. If not received or postmarked by April 10, a delinquent penalty of 10% plus $30 cost will apply to outstanding bills.
- June 30: If both secured tax installments are not paid by June 30, the unpaid taxes go into default and more penalties will be accrued monthly until paid or sold at auction. This tax roll is called “Redemption.”