Showing posts with label DIAMOND BAR PROPERTY TAXES. Show all posts
Showing posts with label DIAMOND BAR PROPERTY TAXES. Show all posts

Monday, August 20, 2007

Diamond Bar Property Taxes

PROPERTY TAXES

Secured - Current Year
Tax levied on secured property pursuant to the revenue and taxation code.

Unsecured - Current Year
Tax levied on all personal property not secured by real property held in title by the same owner.Due to the transitory nature of unsecured property, a tax is levied immediately after assessed values are determined.

Prior Year Uncollected
Taxes paid in the current year which were due in a prior year.

Interest and Penalties
Interest and penalties charged for the late payment of property taxes.

OTHER TAXES
Sales and Use Tax
Of the 7% sales tax levied by the State of California, the City receives 1% of the amount collected within the city limits.

Transient Occupancy Tax
These revenues are received on a monthly basis from the hotels in the City.The hotels are required to pay a 10% tax based on the amount of their room rental revenues.