AB 2691, as amended, Holden. Property taxation: Monthly Property Tax Payment Program.
Existing property tax law specifies that all taxes on personal property and half of the taxes on real property are due and payable each November 1 and provides that these taxes are delinquent if not paid by each December 10. Existing property tax law specifies that the second half of taxes on real property is due each February 1 and provides that these taxes are delinquent if not paid by each April 10.
This bill would authorize a county board of supervisors to implement a Monthly Property Tax Payment Program to authorize qualified taxpayers, as defined, to pay thebegin delete ad valoremend delete property tax owed on the qualified taxpayer’s principal place of residence in monthly installments.begin insert The
bill would authorize the ordinance or resolution implementing the program to set forth specific procedures for purposes of determining delinquency and default, as specified. The bill would require the monthly property tax payment to be allocated among the county, cities, and special districts in proportion to the amounts of ad valorem property tax revenue otherwise allocated among these local agencies.end insert
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 2607.5 is added to the Revenue and
2Taxation Code, to read:
(a) Notwithstanding any other law, a county board of
4supervisors may adopt a resolution or ordinance to implement a
5Monthly Property Tax Payment Program, to authorize qualified
6taxpayers to pay thebegin delete ad valoremend delete property tax owed on the qualified
7taxpayer’s principal place of residence in monthly installments.
8
(b) The ordinance or resolution implementing the program may
9set forth specific procedures for the tax collector to deem as timely
10monthly installments paid late but within a specified grace period
11due to reasonable cause for purposes of
determining delinquency
12and default.
13
(c) The monthly property tax payment shall be allocated among
14the county, cities, and special districts in proportion to the amounts
15of ad valorem property tax revenue otherwise allocated among
16these local agencies.
9 17(b)
end delete
18begin insert(d)end insert For purposes of this section, “qualified taxpayers” means a
19taxpayer who is any or both of the following:
20(1) A person who is 62 years of age or older.
21(2) A person receiving supplemental security income for a
22disability, regardless of age.
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