SACRAMENTO – After numerous discussions with California State Board of Equalization (BOE) leaders, business groups, and others, Governor Newsom today announced that he is granting property tax extensions and making payment plans available to qualifying property owners.
The Governor issued two Executive Orders. The first 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 taxes 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. They 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 due to the COVID-19 pandemic. It’s important that elected officials do whatever possible to lessen the burden on taxpayers,” said BOE Member Ted Gaines.
On Wednesday, May 13, the BOE will hold a special meeting to discuss issues and potential actions related to the impacts of COVID-19 on property tax assessment.