Under California Revenue and Taxation Code §75 et seq., which of the following most accurately describes a supplemental property tax bill?
Correct Answer
A) A tax bill issued to reflect the difference between the prior owner's assessed value and the new assessed value, prorated from the date of ownership change to the end of the fiscal year
California Revenue and Taxation Code §75 et seq. requires county assessors to issue a supplemental assessment whenever a change in ownership or completion of new construction triggers a reappraisal. The supplemental tax bill reflects the difference between the prior assessed value and the newly established assessed value, prorated from the date of the triggering event to the end of the current fiscal year (June 30). This is separate from and in addition to the regular annual tax bill.
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Key Terms:
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