Show and Sell Realty
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Voted Best of 2006 Real Estate Firm, Fremont Real Estate Agent

Best of 2005 - Real Estate Firm -Fremont, Newark, Union City, Fremont Real esate Agent

Voted Best Mortgage Broker - Fremont, Newark and Union City Real Estate Broker

Real Estate Blog
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 Real Estate Agents

Sunil Sethi

Rhonda Morris

Amos Picker

Nancy Tsang

Arti Patel

Deepak Kiran Sethi

 

California Property Tax Due Dates
July 1, 2006 - June 30, 2007  (view property tax bill online)

Event Due Date
1st Installment Due Nov. 1, late if not received by Dec. 10
2nd Installment Due Feb. 1, late if not received by Apr. 10

* Always confirm your payment was received by checking online or by calling the Tax assessor's office.

Federal and California Income Tax
2006 Estimated Income Tax Payment Deadlines (Income Tax Forms and Publications/Tax Deadline Calendar)

Event Due Date
1st Installment April 15, 2006
2nd Installment June 15, 2006
3rd Installment September 15, 2006
4th Installment January 15, 2007
Tax Filing Deadline April 15, 2007

 

Look-up Property Tax Bill Income Tax Forms & Publications

* Offers Online Bill Look-Up

To estimate property taxes on a property in California, you can  use 1.25% of purchase price as a rule of thumb for the 1st year's tax bill. (more below)

When you purchase a home, the county tax assessor reassesses the property and sets a new property tax amount based on your purchase price. Your property taxes will be approximately 1% of your purchase price, plus any voter approved bonded indebtedness of the community (hence the 1.25% rule of thumb). A new community may have a "Mello-Roos" assessment. For example, every home located within the Mt. Diablo School District has a $67 per year Mellos-Roos assessment added to their tax bill. Another common item you may find on the tax bill is for "pest abatement", or a bond for a sewer district.

Your future increases limited by Proposition 13 to 2% annually
In future years, the tax assessor is allowed to increase the accessed value by 2% appreciation per year.

Homeowner's Exemption
This is a deduction of $7,000 from the "accessed value" and applies only to owner-occupied properties. Once you've purchased a home you will received a card to fill out to apply for the exemption. The card must be completed and returned between March 1st and April 15th. Applications submitted after April 15th, but before the end of the year will qualify for only 80% of the exemption.

Supplemental Property Tax Bill
The Supplemental Property Tax Bill is for the difference between the tax based on the seller's assessed value and the tax based on your new assessed value.

IRS Website

CA Franchise Tax Board Website

Other

*****Any tax advice included on this website was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed on the taxpayer by any governmental taxing authority or agency*****

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