California property tax year begins?

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Multiple Choice

California property tax year begins?

California uses a fiscal-year system for property taxes, so the tax year starts on July 1 and runs through June 30. The January 1 assessment date determines the value for that coming fiscal year, but the taxes levied correspond to the July 1–June 30 period. That’s why the property tax year begins on July 1 (with the first installment due later in the fall and the second installment in the spring).

California uses a fiscal-year system for property taxes, so the tax year starts on July 1 and runs through June 30. The January 1 assessment date determines the value for that coming fiscal year, but the taxes levied correspond to the July 1–June 30 period. That’s why the property tax year begins on July 1 (with the first installment due later in the fall and the second installment in the spring).

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