Installment Plan Delinquent Property Taxes LA County- English/Espanol

By
Real Estate Agent with Equistar Realty Group DRE# 01380599

Burbank Real Estate, San Fernando Valley Real Estate, Palmdale & Lancaster Real Estate by Lupe Soto, Realtor (818)968-3718. Se habla espanol.

For those homeowners that have not paid property taxes before 04/10/08 in Los Angeles County. Please give the Tax Assessor a call regarding a 5-year repayment plan and how to qualify. I encourage everyone to contact them monday to friday and do not hesitate to call and ask about this option.  1-888-807-2111, please read more below.

LOS ANGELES COUNTY TREASURER & TAX ASSESSOR WEBSITE

INFORMACION EN ESPANOL. Si tiene alguna duda, llame a Lupe, Agente de Casas al 818-968-3718 y con gusto le dare mas orientacion.

Para aquellos duenos de propiedades que no pagaron su taxes de propiedad el pasado 04/10/08. Por favor consideren llamar a la oficina del Tax Assesor en Los Angeles County y solicitar los requisitos para calificar o el contrato del programa de repago de taxes delincuentes hasta en 5 anos. Recuerden que con preguntar nada se pierde.  Es recomendable llamar temprano de lunes a viernes y preguntar directamente por esta option, aplaudo de antemano a todos los que tomen la iniciativa de hacerlo.  1-888-807-2111

Installment Plan for Delinquent Taxes


If I cannot pay my current property taxes in full, can I make a partial payment?

Yes.  However, be aware that a 10% penalty will be assessed on the unpaid balance on the first installment.  The penalty will also attach to the unpaid portion of the second installment plus a $10 cost.

 


Can I pay my delinquent taxes in payments?

Yes.  The Installment Plan of Redemption (5-pay plan) is a plan that allows a taxpayer the ability to pay delinquent taxes in five (5) installments.

It is strongly recommended that prior to applying for the Installment Plan of Redemption, you contact your lender/mortgage company to ensure they allow the payment plan to pay tax defaulted taxes.

 


Who may apply for the Installment Plan of Redemption?

Any taxpayer that does not have defaulted taxes for more than five (5) years.

 


How do I apply for the installment plan?

Contact the Treasurer and Tax Collector's Office and request an application  for the Installment Plan of Redemption.

Contact:Treasurer and Tax Collector
225 North Hill Street, First Floor
Los Angeles, CA 90012
  
 (888) 807-2111  (Toll Free)
(213) 974-2196  (Hearing impaired teleprinter)
  
Correspondence:Treasurer and Tax Collector
P.O. Box 512102
Los Angeles, CA 90051-2102



Is there a fee?

Yes.  There is a $75 non-refundable application fee, charged each time you open the plan.

 


Is there a minimum installment payment that must be made to open the plan?

To successfully open an Installment Payment Plan of Redemption account you must pay:

A $75 application fee payable at the time the plan is opened.

A minimum payment of 20% of the total tax amount including penalty and interest charges(1.5% per month).

All current year taxes must be paid on or before April 10.  If during the course of an installment plan the current taxes are not paid by April 10, the plan is in default.

You will receive once a year, an Installment Plan of Redemption statement indicating the minimum amount required for that installment payment.

Pay-off payments are accepted anytime before the  5th  and final payment is due.

 


Does interest continue to accrue while participating in the installment plan?

Yes!  Be aware that the plan incurs a charge of 1.5% per month on the unpaid balance.

 


What happens if I do not keep my plan current or up to date?

If the first account defaults, a new installment plan may not be opened until July 1 of the following fiscal year.  Previous payments will be treated as partial payments and will not be credited to the new plan.  Penalties will be computed on the unpaid balance each time a plan is opened and $75 application fee will be charged with each plan opening.

Please be aware that an Installment Plan of Redemption cannot be opened after the property becomes Subject To Power To SellThis occurs when the property has been delinquent for more than five years.

Example:  
If you have delinquent taxes from the 1994-95 tax year, as of July 1, 2000, you CANNOT participate in the installment plan.  You must pay in full the amount of outstanding taxes to keep the property from being sold at the Public Auction that is scheduled for early 2001.

source:  LA County Treasurer & Tax Collector website

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If you or someone you know is thinking of buying or selling property in SFV San Fernando Valley or AV Antelope Valley (Palmdale/Lancaster), please contact Lupe Soto. She lives in Burbank CA. Lupe knows San Fernando Valley, loves San Fernando Valley, and specializes in San Fernando Valley area real estate. Reach Lupe at 818-968-3718 or by e-mail at LupeAgent@charter.net. Be sure to check Lupe's blog, Lupe's Homes For Sale in SFV or Venta de Casas en Espanol en SFV

(818)968-3718 - Lupe Direct Line - Hablo Espanol

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 (*) any information relating to real estate for sale referenced in this video blog comes from the MLS. this information may reference real estate listing held by a brokerage firm other than the broker and/or agent providing this information.

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delinquent property taxes los angeles county
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Well, that's very clear. Counties in Virginia are not as generous in terms or as clear in policies.
April 23, 2008 02:15 PM
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Thank you for stopping by and posting your comments. Glad to inform our consumers and clients that we do have options in Los Angeles County. have a productive week. Lupe from Burbank CA 

April 23, 2008 02:33 PM
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