Supplemental Tax Bill
ADVICE Josh Taylor. October 29, 2024
ADVICE Josh Taylor. October 29, 2024
Important note: Supplemental tax bills are not like an impound or escrow account and won't be se sent to the lender or mortgage company, they are sent to the new current owner. It is the property owner’s responsibility to pay all supplemental bills.
Anytime a property is sold to a new owner or new construction is completed, state law says it must be reassessed by the County. That reassessment will most likely change the assessed value of your property.
When your assessed value changes, the County must recalculate your property taxes, and when those change, we will send you a supplemental tax bill.
Supplemental tax bill is a green property tax bill. These are not sent to the lender or mortgage company, they are sent to the new current owner. Check with your lender to see if there are enough funds in the impound account to pay them.
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