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Frequently Asked Questions Regarding Large Tax Payments
| Q. |
Do payments over $25,000 have to be made electronically?
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| A. |
Yes. Parcels with installment amounts of $25,000 or greater are required to be made electronically.
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| Q. |
What payments are subject to this requirement?
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| A. |
Parcels with a total liability of $50,000 or greater on that parcel
only are subject to the requirement.
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| Q. |
What constitutes an aggregate liability of more than $50,000? |
| A. |
Two installments on a single parcel totaling $50,000 or more.
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| Q. |
How can I tell if my payment is subject to the requirement?
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| A. |
Check your bill; if the total is $50,000 or greater the requirement applies. If
you don’t have a copy of your bill, but you know your assessment number or property
address, you can use our on-line system to find out the status of your account. |
| Q. |
Why has this requirement been put in place?
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| A. |
The County Treasurer has an obligation to collect taxes in an expeditious
manner. Large payments constitute a significant portion of the amounts collected. By
moving to electronic payment the efficiency of the collection process is increased.
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| Q. |
Are there any exemptions from the requirement to wire my payment?
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| A. |
No exemptions or exceptions are available to the wire payment requirement.
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| Q. |
What type of electronic payment is acceptable?
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| A. |
Although we prefer a wire transfer, State law does not limit the definition of
electronic payment to bank wires. Since wire transfers are typically received on the same
day we are prepared to accept as timely, wire transfers initiated before the Fed cutoff on December 10 or April 10.
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| Q. |
Would a bill paying service meet the requirement?
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| A. |
Not necessarily. Many on-line bill-paying services do not send
funds electronically; instead they generate a paper check. On-line banking
transactions through your bank may work, however consult with your bank to
determine when the transfer would be made and the manner in which it would
occur.
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| Q. |
Can I use Riverside County's on-line system?
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| A. |
At this time payments up to $50,000 can be accepted through our online system.
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| Q. |
Can I include other payments at the same time?
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| A. |
Yes. Please provide written notification of the assessment number(s)
that are being paid, the date the funds will be wired to our account, and the amount being wired per
assessment and in total. If you are paying more than 15 parcels, please
complete an online payment file at
https://www.countytreasurer.org/eft/login.aspx. |
| Q. |
How long will this requirement be in place?
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Last modified on 2/21/2012 4:27 PM.
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