Although it's the "most wonderful time of the year"....it's also time to pay your property taxes! Sorry!
Staying on top of deadlines is essential to avoid penalties. In Monterey County, California, the Treasurer-Tax Collector's office manages the collection of property taxes. Here’s a quick guide to help you navigate the key dates and ensure you meet your obligations on time.
Key Deadlines for Property Taxes
November 1st: The first installment of secured property taxes is due. This payment covers the period from July 1st to December 31st of the fiscal year.
December 10th: The last day to pay the first installment without incurring a penalty. If you miss this deadline, a 10% penalty is added to your bill.
February 1st: The second installment of secured property taxes is due. This payment covers the period from January 1st to June 30th of the fiscal year.
April 10th: The final day to pay the second installment without penalty. Missing this deadline results in a 10% penalty and a $20 cost.
June 30th: The end of the fiscal year. Any unpaid taxes by this date become delinquent, and additional penalties and interest may apply.
Important Considerations
Payment Methods: You can pay your property taxes online, by mail, or in person at the Treasurer-Tax Collector's office. Online payments can be made via e-check or credit card. It's really easy and you get an immediate confirmation of payment.
Penalties: It’s crucial to pay on time to avoid penalties. Late payments not only incur financial penalties but can also lead to more severe consequences like tax liens.
Exemptions and Assistance: Monterey County offers various exemptions and assistance programs, such as the Homeowners' Exemption and Senior Citizens Tax Assistance. Be sure to check if you qualify and apply within the specified deadlines
Staying Informed
By keeping these dates in mind and planning ahead, you can ensure that your property taxes are paid on time, avoiding unnecessary penalties and stress. If you have any questions or need further assistance, consult your tax accountant or the Treasurer-Tax Collector's office.
Sources: Monterey County Tax Collector website