Today's Law As Amended

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SB-675 Property taxation: monthly installment payments.(2021-2022)

As Amends the Law Today


 Section 2637 is added to the Revenue and Taxation Code, to read:

 (a) Notwithstanding any other law, a county board of supervisors may adopt a resolution or ordinance to implement a monthly property tax payment program, which would authorize a qualified taxpayer to pay, in monthly installments, their real property taxes on their principal residence.
(b) The ordinance or resolution implementing the program may set forth specific procedures for the tax collector to deem as timely monthly installments paid late but within a specified grace period due to reasonable cause for purposes of determining delinquency and default.
(c) The revenue received by the county from property tax payments, as described in this section, shall be distributed in the same manner and time as all other property tax apportionments pursuant to applicable state law and related procedures and agreements established by the county auditor.
(d) For purposes of this section, all of the following definitions apply:
(1) “Principal residence” has the same meaning as that term is used in subdivision (k) of Section 3 of Article XIII of the California Constitution.
(2) “Qualified taxpayer” means a taxpayer who is either or both of the following:
(A) A person who is 62 years of age or older.
(B) A person receiving supplemental security income for a disability, regardless of age.
(3) “School entities” has the same meaning as that term is defined in subdivision (f) of Section 95.
(e) This section shall not apply to property for which an escrow account, as defined in Section 1024.17 of Title 12 of the Code of Federal Regulations, as that section read on January 1, 2021, is established.