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DATE: |
September 9, 2025 |
10 |
SUBJECT
Title
PROPERTY TAX RATES FOR FISCAL YEAR 2025-26 (DISTRICTS: ALL)
Body
OVERVIEW
This is a request to set the annual countywide ad valorem tax rates and the tax rates for school district debt service funds.
State law requires that these rates be adopted by the Board of Supervisors (Board) on or before October 3rd annually so the rates can be used to prepare the property tax roll and property tax bills. State law also requires that taxes be levied upon the taxable property of the County.
RECOMMENDATION
CHIEF ADMINISTRATIVE OFFICER
Adopt the resolution entitled: “RESOLUTION ADOPTING THE TAX RATES FOR THE
FISCAL YEAR COMMENCING JULY 1, 2025” (Attachment B, on file with the Clerk of the Board) incorporating the various rates as computed by the Auditor and Controller for Fiscal Year 2025-26.
EQUITY IMPACT STATEMENT
General Obligation Bonds are a vital financing mechanism for school districts in our community. The proceeds from the voter approved bonds are used to provide much needed infrastructure and equipment to school districts that might not otherwise have the resources for the acquisition and/or construction of these public improvements. There is strong evidence that high-quality infrastructure facilitates better instruction, improves student outcomes, and reduces dropout rates, among other benefits. School districts must conduct an annual, independent performance and financial audit.
SUSTAINABILITY IMPACT STATEMENT
The proposed action supports the County of San Diego Strategic Initiative of Sustainability. Supporting school districts by authorizing the Fiscal Year 2025-26 property tax rates will raise the funds necessary to make the annual principal and interest payments on voter approved bonded debt.
FISCAL IMPACT
There is no fiscal impact associated with adoption of this resolution. There will be no change in net General Fund cost and no additional staff years.
BUSINESS IMPACT STATEMENT
N/A
Details
ADVISORY BOARD STATEMENT
N/A
BACKGROUND
Pursuant to provisions of Section 29100 of the Government Code, the Board is responsible for
approving, by resolution, the rates of taxes on the secured tax roll. The taxes before the Board today include the 1% maximum ad valorem tax rate permitted by Article XIII of the California Constitution, the rate applicable to unitary and operating non-unitary property as required by various provisions of the California Revenue and Taxation Code, and rates necessary to produce property tax revenue to satisfy outstanding legally incurred debt requirements for Fiscal Year 2025-26. The bond debts incurred by school districts were approved by the voters in accordance with Constitutional provisions.
Each of the rates calculated to satisfy legally incurred debt requirements incorporates allowances for the normal occurrence of corrections to the roll. Accordingly, for potential roll corrections,
and assessment appeal reductions, allowances of 2.0% have been built into the rates of all
districts subject to property tax collections for bonded debt.
Adoption of this resolution will allow the Auditor and Controller to prepare the tax roll and produce the annual property tax bills. This action also will allow the Tax Collector to collect property taxes for Fiscal Year 2025-26.
The collection of taxes will provide funds to satisfy debt service requirements and to finance
operations of the County and other government entities.
LINKAGE TO THE COUNTY OF SAN DIEGO STRATEGIC PLAN
The proposed action supports the Community Strategic Initiative in the County of San Diego’s 2025-2030 Strategic Plan. Improved opportunities will be provided to residents throughout the
County as a result of infrastructure enhancements and services funded by these tax levies.
Respectfully submitted,
ebony n. shelton
Chief Administrative Officer
ATTACHMENT(S)
Attachment A - Exhibit A Tax Rates for Fiscal Year 2025-26
Attachment B - Property Tax Rates Resolution 2025-26