#California notice of completion form z code#

You may also receive more than one supplemental tax bill if more than one supplemental event has occurred in a fiscal year. Supplemental events that occur between June 1 and December 31 will generate one supplemental bill. Supplemental events that occur between January 1 and May 31 will generate two supplemental bills. To simplify this guide, we will refer to the supplemental assessment process as though it results in a supplemental bill.Дepending on the date of the supplemental event, either one or two supplemental tax bills will be produced. A reassessment may be an assessed value increase resulting in a supplemental bill(s), an assessed value decrease resulting in a supplemental refund(s) or retaining the same assessed value (no change). Supplemental Assessments BrochureвЂ‹ /В Printer Settings Recommended - Flip on short side.ДЄ supplemental event results in a reassessment. Changes in ownership or completed new construction that trigger supplemental assessments are referred to as 'supplemental events.'ДЇurther information is available on California State Board вЂ‹of Equalization, Supplemental Assessments.вЂ‹ Supplemental assessments result in tax billsВ вЂ‹вЂ‹вЂ‹ that are 'in addition to' (that is, supplemental to) the annual property tax bill sent to property owners in October.

#California notice of completion form z code#

вЂ‹вЂ‹On July 1, 1983, Senate Bill 813 amended the state Revenue and Taxation Code to create what are known as 'Supplemental Assessments.' This new law changed the manner in which changes in assessed value were billed by requiring that any increase or decrease in taxes due to a change in ownership or completed new construction became effective as of the first day of the month following the date of change in ownership or the date new construction was completed rather than on the next annual tax bill.