Cash Crunch? Gavin Newsom’s 2020 Property Taxes Are Delinquent on BOTH of His Estateshttps://www.redstate.com/jenvanlaar/2020/07/31/cash-crunch-gavin-newsoms-2020-property-taxes-are-delinquent/Property taxes in California are insanely expensive, as we all know. They sting everyone, including Gov. Gavin Newsom (D). He personally owns more than $6 million in real estate in the Golden State, giving him a massive property tax bill every year. And even though he received $2,695,000 cash in late January from Union Bank as a cash-out refinance on his $3.7 million Sacramento County mansion, he didn’t turn around and pay property taxes due in either Sacramento County or Marin County. In fact, at this moment his Kentfield estate is listed as “delinquent†on the Marin County Tax Collector’s website:
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He *has* paid this year’s property taxes on his Fair Oaks mansion but paid them late – on June 25 – along with a $2,094.15 late fee.
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There are so many things wrong with what’s happening here. First off, since the Newsoms just received all of that money, the first thing they should have done is pay their tax obligations – especially as good the little statists they are. That they didn’t should be concerning to the bank that gave them those sweetheart cash-out refinancing deals ...
I've owned my home in CA for about three decades and we have never had to pay a late penalty. So this kind of has me POed.
BTW, the first sentence in that quote really is incorrect. CA property taxes are only "high" if one's property value is high and one purchased it relatively recently. As a percentage of the property value CA's taxes are actually fairly low.
