Property taxation: redemption: permanent installment plan.

Plain English Breakdown

The official summary does not provide details on how the change will affect taxpayers who have not yet applied for an installment plan during a disaster.

Property Tax Redemption: Permanent Installment Plan

This law changes the conditions for deferring property tax payments during emergencies to include taxpayers who have applied for an installment plan, not just those with existing plans.

What This Bill Does

• Modifies the condition that allows a one-year deferral of payment under an existing installment plan to also apply if the taxpayer had submitted an application for the installment plan before the emergency was declared.

Who It Names or Affects

• People who owe overdue property taxes and have applied for or started installment payment plans.
• Taxpayers in areas declared as disaster zones by the Governor.

Terms To Know

Assessee

A person or entity that is responsible for paying property taxes.

Installment plan

An agreement to pay a debt in smaller, regular payments over time instead of one large payment.

Limits and Unknowns

• The bill does not specify what happens if an application for the installment plan is submitted after an emergency has been declared.
• It's unclear how this change will affect taxpayers who have not yet applied for an installment plan but want to during a disaster.

Official Summary Text

AB 1416, Ta.
Property taxation: redemption: permanent installment plan.
Existing property tax law permits, at the election of the assessee, the installment payment of delinquent taxes on tax-defaulted property under an installment payment plan. Existing law also permits a one-year deferral of payment under an existing installment plan if the county was declared by the Governor to be in a state of emergency or disaster due to a major misfortune or calamity and specified conditions are met, including that the installment plan was already in existence at the time deferral is requested by the assessee or the agent of the assessee.
This bill would modify the above-described condition to be that the installment plan was already in
existence, or that the taxpayer had submitted an application for the installment plan, at the time deferral is requested by the assessee or the agent of the assessee. The bill would also remove an obsolete definition from these provisions.

Current Bill Text

Download Bill PDF