What are Secured taxes?
Secured taxes are real estate taxes. These taxes are a lien on a real property.
What period does the secured tax bill cover and how does tax prorating occur if I buy or sell the parcel during the period?
The tax bill covers the period from July 1 to June 30 of each year. The property tax bill for property purchased after January 1 may still reflect the previous owner’s name and assessed property value; however, it is still a valid property tax bill for the tax year. Any proration of property taxes between a seller and buyer during this period is usually handled through the escrow process. You should check with your real estate agent or escrow officer to determine whether property taxes were paid. It is the responsibility of the new owner to make sure the property tax installments are paid timely.