How Children Are Defined in Proposition 58 For the purposes of Proposition 58, ‘children’ are defined as: Any child born of the parent(s). Any stepchild of […]

According to the California Association of Realtors, no seller can require the buyer purchase title insurance from any particular company. This rule pertains to transactions involving […]

Will the Supplemental Tax Be Pro-rated? The supplemental tax goes into effect on the first day of the month following the month in which the change […]

Can the Supplemental Tax Bill Be Paid in Installments? All supplemental taxes on the secured roll are payable in two equal installments. The taxes are due […]

When and How Will the Homeowner Be Billed? When the property is appraised during the lending process, the homeowner will be advised of their supplemental assessment […]

Will the Supplemental Taxes Be Pro-rated in Escrow? No: supplemental tax is a one-time tax and is in effect from the date when the buyer takes […]

How Is The Amount of the Bill Determined? The tax bill is determined by a specific formula. This tax is based on the difference in assessed […]

Effective January 1, 2015 As of January 1, 2015, a new California law requires documentary transfer tax to be included on the face of a property […]

Understanding Statements of Information What is a Statement of Information? A Statement of Information is routinely requested from the buyer, seller, and borrower in a transaction […]