Wednesday, January 12, 2011

When are property taxes due? Seller Tip

"When are my property taxes due?" It is a common question from new homeowners. In California property taxes become a lien on the assessment date of January 1 each year. Property taxes are paid in two installments with the first payment due November 1 and delinquent on December 10.

The second property tax installment is due February 1 and delinquent April 10. The easiest way to remember all these date (at least for me) is to commit the phrase "No Darn Fooling Around" to your financial memory:

No = November

Darn = December

Fooling = February

Around = April

My Principles of Real Estate instructor wrote this little ditty on the chalkboard (remember those) and I've never forgotten it.

Norma Toering - REMAX Palos VerdesNorma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

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