Supplemental Property Taxes?

Question

I just bought my house this year and I recieved an Annual Tax Bill and a Supplemental Tax Bill. My fiance heard from someone that works for a Title Company that we do not have to pay the Supplemental Taxes and we will not get fined or will not recieve any penalties. He told him that when we sell the house they will take it off of the sale of the house. I am a little leary...does anyone have any idea? I emailed the la county tax board and am pending a response.

I am in the State of California, Los Angeles County.

Answer 1

I had never heard of Supplemental Property Taxes (at least not the term - I had heard of the concept) until I looked at the link below. It seems to me that you do have to pay them, even if the mortgage company is paying your regular tax bill

Answer 2

A California Supplemental Property Tax Bill is issued if a parcel changes hands mid year. The property is reassessed based on the new sales price and a supplemental bill covering the remainder of the year is issued.

For example, the sellers assessed value was $100,000 and you bought the house December 15 for $250,000, a supplemental bill will be issued for the remaining six full months of tax on the $150,000 increase in assessed value. And yes you have to pay it.

Readers from states other than California do not need to pay attention to this.

Answer 3

I'd be VERY leery - doesn't sound right. If there's a tax assessment, after the time you own the house, you'd need to pay it.

It's correct that if you go to sell the house and there are taxes owed, they'd take the overdue taxes out of the proceeds of the sale - probably with penalties for late payment.

Answer 4

I just searched this information on the Internet. Your neighbors will have information about this.

Mello-Roos taxes are supplementary property taxes that cities in California can impose to pay for infrastructure projects.

In the U.S., a form of financing that can be used by cities, counties and special districts (such as school districts) to finance major improvements and services within the particular district. Special taxes and bonds used for Mello-Roos financing can only be issued by counties or districts in which two-thirds of the voters in the area have voted in favor of becoming a Mello-Roos district.

Mello-Roos districts may issue municipal bonds to finance development projects with high costs. If voters in the area have elected to become a Mello-Roos district, they are responsible for the repayment of these bonds through a special tax, assessed annually based on the value of the properties within the district. Mello-Roos financed developments might include schools, roads, libraries, police and fire protection services or ambulance services. This type of financing is named after Henry Mello and Mike Roos of the California legislature, who sponsored legislation in 1982 to authorize this form of financing.

Answer 5

i never heard of supplemental taxes on property. and i bought a few houses in my day

Answer 6

Property tax laws differ state to state, and since you don't say which state you bought your house in, it's really hard to help you.

Answer 7

I have not heard of a supplemental tax. This should have disclosed to you before you signed. Have your husband to keep investigating,. I would be concerned myself.