Newsom grants tax extension

After numerous discussions with State Board of Equalization leaders, business groups and others, Gov. Gavin Newsom announced last week that he is granting extensions and making payment plans available to qualifying property taxpayers.

The governor issued two executive orders, the first of which allows homeowners and business propertyowners to set up payment plans to pay their property taxes through May 2021 without being assessed 10-percent penalties.

The second executive order extends the payment due date for business personal property taxes to May 31. Prior to the announcement, May 7 was the due date for businessowners to pay taxes on their business personal properties, which are valued annually based on a Jan. 1 lien date and consist of all property owned or leased by a business.

“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 BOE representative Ted Gains.

The Board of Equalization held a special meeting May 13 to discuss issues and potential actions related to the impacts of COVID-19 on property tax assessment. The results of that meeting were not available at press time.

Story First Published: 2020-05-15