COUNTY CLERK-AUDITOR-RECORDER-ELECTIONS - J.P. GONZALEZ

Set and approve the FY 2018-2019 Tax Rates, Debt Service Rates, and Direct Assessment Charges; Authorize the levy of these rates against the taxable secured property within the county, which is subjected to each rate; Adopt resolution fixing and levying the general and debt services taxes and special assessment for FY 2018-2019. 

SBC FILE NUMBER: 675

RESOLUTION NO: 2018-65

Summary:

Under Government Code Section 29100, the Board of Supervisors is required to adopt the tax rates for the current year secured property tax roll. The General Obligation bond rates are provided by the Auditor at a level adequate to support the annual debt service requirements and necessary bond reserves.

Government Code Section 29101 requires that the Board levy rates on the appropriate taxable property in the County.

Discussion:

Section 29100 of the Government Code requires that your Board adopt by resolution the rates of taxes on the secured roll, not to exceed the 1% limitation specified in Article XIIIA of the Constitution and Sections 93 and 100 of the Revenue and Taxation Code. Under the January 2010 revision, Section 29100 requires the Board to adopt the rates on or before October 3 each year. For voter approved indebtedness the Board shall adopt the rates on the secured roll by determining the percentage of full value of property on the secured roll legally subject to support the annual debt requirements. The Auditor must determine that an adequate rate has been set to support the annual debt service requirements and necessary bond reserves.

Section 29101 states that “After adopting the rates the board shall levy the taxes upon the taxable property of the county in specific sums in terms of the rates so adopted. Each rate is upon the full assessed valuation of property and only upon property which is legally subject to such tax.”

Section 29142 allows the board to approve a collection fee when taxes or assessments are collected by the county for any subject district, or zone or improvement district but excluding school districts. The section states that for taxes covering debt service requirements on any bond or bonds authorized and issued by such entities, the tax rate fixed to raise such amounts may be fixed by the board of supervisors to include also a percentage of such amounts up to one-fourth of one percent thereof.

Financial Considerations:

The various tax rates are necessary to provide taxes for the payment of principal and interest on certain long-term indebtedness and necessary and allowable bond reserves.

(3) OTHER AGENCY INVOLVEMENT:

The offices of the Assessor, Tax Collector, and Auditor work together to provide for assessment, collection, and distribution of all secured property taxes to the appropriate entities.

1.      Set and pass the FY 2018/2019 Tax Rates, Debt Service Rates and Direct Assessment Charges.

2.      Authorize the levy of these rates against the taxable secured property within the county, which is subjected to each rate.

3.     Adopt the resolution, which sets and approves the FY 2018/2019 tax rates as shown on Appendix A, attached and authorize the Chair to sign.

4.     Approve the collection fee allowed by Section 29142 and described above.