California Counties Brace for Post-Virus Property Tax Crunch

The coronavirus pandemic mildly dampened property tax payments to California counties by an April 10 deadline, but counties are bracing themselves for a bigger hit next year if owners seek lower property valuations amid the economic downturn.

County officials resisted calls from business groups to push back the payment deadline because of the crisis, and it appears to have paid off. Several counties told Bloomberg Tax they have collected between 93% and 97% of what is owed. Those percentages are slightly below last year for some counties and may go up as they continue to process payments sent through the ...