New Buyer Tax Information

Tax bills are prepared in June and November. The transfer of property during these periods can result in tax bills reflecting the previous owner's name rather than the new responsible party. In addition, the U.S. Post Office directs mail based upon the addressee information on record. Consequently a tax bill could be forwarded to the former owner's new address. New homeowners should call or stop in at the Treasurer's Office to make certain they receive their tax bill.

When property is transferred, the TV is reset or "uncapped" and returned to being the full (SEV) for the following year. This most often results in a new property owner paying higher taxes than the previous owner, who may have been benefiting from many years of capping. Potential buyers should always use SEV when estimating a property's tax liability.