Tax Calendar

Taxes are due each year like clockwork!  In addition to our regular taxes, when you purchase property you should plan on yearly property taxes.  When you purchase a new home a Supplemental Tax Bill will also be issued in the following months.  A Supplemental Tax Bill is the difference between what you were paying and what you should be paying for taxes on your home.  It comes only once and is payable in two installments. To clarify; when you purchase a home and title transfers you will pay a prorated amount of tax to cover the time you will be in the property that the seller has already paid for.  The prorated tax amount is based on the seller's tax rate (or the assessed value of the home when they purchased or refinanced it) rather than your assessed value (or purchase price).  Therefore it takes the city time to re-asses the value of your property and catch up to the new value of your home.