This automated calculator is provided for you as a convenience to allow you to estimate the potential supplemental property tax amount on a given property and whether you will receive one or two Supplemental Tax Bills. Supplemental Tax Bills are not paid in escrow and are not impounded by your mortgage lender. This Supplemental Tax amount estimate can be expected during the first year of ownership, and does not take into account other transactions that may have occurred and will impact the future assessed value.
PROPERTY TAX ESTIMATOR
| 1 | Estimated Sales Price |
$ | |
| 2 | Estimated Ad Valorem Tax Rate |
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| 3 | Estimated Ad Valorem Tax (Multiply line #1 by line #2) |
$ | |
| 4 | Direct Assessments including Mello Roos Special Taxes and 1915 Bond Assessments if applicable |
$ | |
| 5 | Total Estimated Annual Tax Amount After Sale |
$ |
SUPPLEMENTAL TAX ESTIMATOR
| 6 | Month-of-Sale Factor (Partial Tax-year Fraction) |
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| 7 | Estimated Current Assessed Value |
$ | |
| 8 | Estimated Supplemental Assessed Value (Subtract line #7 from line #1) |
$ | |
| 9 | Estimated Full-Year Supplemental Tax Obligation (Multiply line #2 by line #8) |
$ |
Depending on the date your escrow closes you will receive either one or two Supplemental Tax Bills which are in addition to your regular annual secured property taxes and must be paid separately. If the sale date for the Residential Property is between January trough May, TWO supplemental tax bills or refund checks are issued. If sale date for the Residential Property is between the months of June trough December only ONE supplemental tax bill or refund check is issued See below:
| 10 | Estimated Supplemental Tax Bill # 1 |
$ | |
| 11 | Estimated Supplemental Tax Bill # 2 |
$ | |
| 12 | Total Estimated Supplemental Tax Bill (Add line #10 and line #8) |
$ |
If $0.00 is shown on line 9, owner may be entitled to potential refund from the county. Please contact county tax assessor for additional information.