Confused by Dates ?
This is admittedly confusing, but is included here in response to numerous and ongoing questions from taxpayers.
A fiscal year runs from July 1 through June 30. For instance, fiscal year 2009 began on July 1, 2008 and will end on June 30, 2009.
Property taxes collected for a fiscal year are based on the property's ownership and condition as of the previous January first. For example, one who owns property on January 1, 2008 should expect to receive, and is legally responsible for, a fiscal year 2009 bill.
When property is sold in mid-year, the division of taxes, if any, should be addressed in a Purchase & Sale Agreement. The assessors cannot calculate how much the new owner and the former owner owe since we do not know what was agreed to.
-- PJS 11/6/2008