How are supplemental taxes computed? - Site Owners Forums

poconnor · 09-12-2016, 05:00 AM

Supplemental bills (or refunds) are calculated based on the number of months remaining in the current fiscal year after the month in which the supplemental event occurs. A fiscal year runs from July 1 through June 30.

rajkiran · 09-27-2016, 11:44 PM

If a supplemental event occurs between June 1 and December 31, only one supplemental tax bill or refund check is issued. This bill or refund accounts for the property's change in value for the period between the first day of the month following the event date and the end of the current fiscal year (i.e., the following June 30). If, however, a supplemental event occurs between January 1 and May 31, two supplemental tax bills or refund checks are issued. The second bill or refund accounts for the property's change in value for the entire 12 months of the coming fiscal year, beginning on the following July 1.

09-12-2016, 05:00 AM	#1
poconnor Registered User Join Date: Oct 2015 Posts: 440	How are supplemental taxes computed? Supplemental bills (or refunds) are calculated based on the number of months remaining in the current fiscal year after the month in which the supplemental event occurs. A fiscal year runs from July 1 through June 30. __________________ *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.* *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.* *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.* *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.*

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
When will my property be foreclosed on if I am delinquent on my Real Property taxes?	poconnor	Introduction Area	2	11-22-2016 02:11 AM
How do you pay taxes on a house?	poconnor	General Discussion	0	05-04-2016 04:00 AM
Property taxes too high?	poconnor	General Discussion	0	03-24-2016 12:32 AM

09-27-2016, 11:44 PM	#2
rajkiran Registered User Join Date: Aug 2016 Posts: 961	If a supplemental event occurs between June 1 and December 31, only one supplemental tax bill or refund check is issued. This bill or refund accounts for the property's change in value for the period between the first day of the month following the event date and the end of the current fiscal year (i.e., the following June 30). If, however, a supplemental event occurs between January 1 and May 31, two supplemental tax bills or refund checks are issued. The second bill or refund accounts for the property's change in value for the entire 12 months of the coming fiscal year, beginning on the following July 1.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)