Study for the California Escrow Exam. Dive into detailed content with flashcards and multiple choice questions, accompanied by explanations and hints. Ensure your success on test day!

Multiple Choice

The second half of property taxes becomes due on

California property taxes are billed in two installments each year. The first half is due November 1, and the second half is due February 1. This question asks when the second half is due, so February 1 is the correct date. If the second installment isn’t paid by that due date, it becomes delinquent on the following delinquency date (commonly April 10 in many counties). This timing matters in escrow because taxes must be prorated at closing based on who is responsible for the tax portion on the closing date. The other dates don’t align with the standard due schedule: April 10 is a delinquency date, not the due date; June 30 is not a tax due date; February 10 is not the scheduled due date.

California property taxes are billed in two installments each year. The first half is due November 1, and the second half is due February 1. This question asks when the second half is due, so February 1 is the correct date. If the second installment isn’t paid by that due date, it becomes delinquent on the following delinquency date (commonly April 10 in many counties). This timing matters in escrow because taxes must be prorated at closing based on who is responsible for the tax portion on the closing date. The other dates don’t align with the standard due schedule: April 10 is a delinquency date, not the due date; June 30 is not a tax due date; February 10 is not the scheduled due date.