After numerous discussions with State Board of Equalization leaders, business groups, and others, Governor Newsom today announced that he is granting extensions and making payment plans available to qualifying property taxpayers.
The Governor issued two Executive Orders, the first of which allows homeowners and business property owners to set up a payment plan to pay their property taxes through May 2021 without being assessed a 10 percent penalty.
The second Executive Order extends the payment due date of the business personal property tax to May 31. Prior to today’s announcement, May 7 was the due date for business owners to pay tax on their business personal property, which is valued annually based on a January 1 lien date and consists of all property owned or leased by a business.
“I am pleased the Governor has granted these extensions. This will provide significant relief to the many homeowners and business owners who are having a difficult time meeting their financial obligations while following the Governor’s stay-at-home order issued in response to the COVID-19 pandemic. It’s important that elected officials do whatever possible to lessen the burden on taxpayers,” said Gaines.
On Wednesday, May 13, the Board will hold a special meeting to discuss issues and potential actions related to the impacts of COVID-19 on property tax assessment.