California Real Estate Practice Exam

If an out-of-state resident were to ask when the first installment of the county taxes becomes due, you should answer:

1. December 10

2. July 1

3. March 1

4. November 1

The correct answer is: December 10

The first installment of county taxes in California is due on November 1, so when an out-of-state resident inquires about when the first installment is due, the correct response should be November 1. County property taxes are typically divided into two installments: the first being due on November 1 and the second on February 1 of the following year. Each installment has specific deadlines for payment to avoid penalties, which adds to the importance of understanding tax due dates. The reasons the other dates are not correct include: - December 10 is the last day to pay the first installment without penalty, not when it is due. - July 1 marks the beginning of the fiscal year for property taxes, but it does not serve as a payment date. - March 1 has no specific significance in the context of property tax installments for California property owners. Understanding the correct due date for county taxes is crucial for both property owners and potential buyers to ensure compliance with local tax obligations and to avoid penalties associated with late payments.