The County Assessor determines the assessed value of the property. This amount is generally the cash or market value at the time of purchase. 

This value increases not more than 2% per year until the property is sold or new construction is completed. 

The tax assessor applies the appropriate tax rates, which includes the general tax/tax levy, locally voted special taxes, and any city or district assessments. 

New homeowners

Although escrow prorates taxes and gives appropriate credit between buyer and seller, the actual taxes may not have been paid and the seller is still responsible for any unpaid taxes at the close of escrow. 

Property taxes are collected in two equal installments. The first installment, representing July 1st through December 31st is due on November 1st and delinquent on December 10th. The second installment, representing January 1st through June 30th, is due on February 1st and delinquent on April 10th. Payments must be received (not postmarked) by 5:00 p.m. on the delinquent date or will be assessed a 10% penalty. The penalties increase substantially if not paid by June 30th of that tax year.

Last updated on January 24, 2012 by Blake Roberts