CA AB3122

Requires property owners applying for reassessment of disaster-damaged property to submit their deferral application in conjunction with the reassessment claim.

Changes the due date for deferred taxes on corrected bills to the later of December 10 (first installment) or April 10 (second installment), or 30 days after the corrected bill is mailed or electronically transmitted.

Extends the deferral period without penalty or interest to cover the time until the assessor determines whether the property is eligible for reassessment and notifies the owner.

Requires owners who applied for deferral in bad faith to be assessed a delinquency penalty for unpaid deferred taxes after reassessment is completed.

Excludes property taxes paid through impound accounts from these deferral provisions.