What are the penalties for not paying my property taxes?
In California, not paying your property taxes can be a serious problem. Property taxes are due twice a year, usually in April and October. If you fail to pay your property tax bill on time, you will be subject to a Penalty of 10% of the unpaid tax. Additionally, if you fail to pay your property tax before the delinquency date, you will accrue a Penalty in the amount of 1.5% per month (on the unpaid balance) for up to 12 months. If your unpaid property taxes remain unpaid, your county tax collector may begin the process of “tax foreclosure.” This means that if you do not pay the delinquent property taxes plus penalties and fees, the county may begin proceedings to foreclose on the property. These foreclosure proceedings are expensive and time consuming, and the county could eventually take possession of the property. Additionally, California law allows property tax collectors to place a lien on your property if you owe delinquent taxes. This lien prevents you from transferring or selling the property until the property taxes owed are paid. The best way to avoid any of these penalties is to keep up with your property taxes. It is important to remember that property taxes are due twice a year, and late payments can result in penalties and other consequences. Make sure to keep up with payment deadlines to avoid any issues with the tax collector.
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