After numerous discussions with State Board of Equalization leaders, business groups, and others, Governor Newsom today announced that he is making payment plans available to qualifying property taxpayers and granting an extension for business owners to file a Business Property Statement without penalty.
The Governor issued
Executive Order N-61-20
, which allows homeowners and small business property owners who qualify to set up a payment plan to pay their property taxes without penalties, costs, or interest. The order extends through May 6, 2021. The waiver excludes taxpayers who have an impound account and those whose property taxes were delinquent prior to March 4, 2020.
In addition, the Executive Order extends the deadline from May 7 to May 31 for business owners to file a Business Property Statement with their county assessor.
Business personal property
is valued annually based on a January 1 lien date and consists of all property owned or leased by a business except real property.
“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
to discuss issues and potential actions related to the impacts of COVID-19 on property tax assessment.