Property tax information and LA county property tax calendar for Lawndale homeowners and property owners.

Homeowners, especially new homeowners, often contact us for information on property taxes as it’s a new experience. We hope that the following information may help you when it comes to property tax time.

Tax Calendar

  • July 1 – Fiscal year begins.  Homeowners notified of new value
  • September – Tax rates set
  • October – Late October Tax bill mailed
  • November 1 – First tax installment due
  • December 10 – Taxes delinquent if not paid
  • January 1 – Assessment date
  • February 1 – Second tax installment due
  • April 10 – Second tax installment delinquent if not paid
  • April 15 – Last day to file homeowners, veterans or senior citizens exemption

Property Taxes while buying a home and Escrow

If you are in the process of buying a home the prorations of property taxes are handled by the escrow company.  If escrow closes:

  • July 1 – No prorations
  • August 1 – Charge seller 1 months, credit buyer 1 month
  • September 1 – Charge seller 2 months, credit buyer 2 months
  • October 1 – Charge seller 3 months, credit buyer 3 months
  • November 1 – Collect 1st installment from sellers account – credit seller 2 months, charge buyer 2 months
  • December 1 – credit seller 1 month, charge buyer 1 month
  • January 1 – No prorations
  • February 1 – Collect 2nd installment from sellers account – charge buyer 5 months, credit seller 5 months
  • March 1 – Charge buyer 4 months, credit seller 4 months
  • April 1 – Charge buyer 3 months, credit seller 3 months
  • May 1 – Charge buyer 2 months, credit seller 2 months
  • June 1 – Charge buyer 1 month, credit seller 1 month

Leave a Reply

Your email address will not be published. Required fields are marked *