If your property is in California and an assessor finds an increase in its value, you might be issued a supplemental tax bill. The supplemental tax is a one-time tax that covers the period starting around the time you purchased your or completed additional construction and ending with the fiscal year on June 30th.
Valon cannot pay supplemental taxes. Typically, supplemental tax bills are sent directly to homeowners (separately from the regular tax bill). So, even if your taxes are escrowed, you’ll be responsible for paying these supplemental tax bills.