DATE:
September 14, 2021
09
TO:
Board of Supervisors
SUBJECT
Title
PROPERTY TAX RATES FOR FISCAL YEAR 2021-22 (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 on or before October 3rd 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(S)
CHIEF ADMINISTRATIVE OFFICER
Adopt the resolution entitled: "RESOLUTION ADOPTING THE TAX RATES FOR THE FISCAL YEAR COMMENCING JULY 1, 2021" incorporating the various rates as computed by the Auditor and Controller for Fiscal Year 2021-22.
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.
FISCAL IMPACT
Approval of the resolution will allow the Auditor and Controller to prepare the tax roll and produce the annual property tax bills. It will also allow the Tax Collector to collect property taxes for Fiscal Year 2021-22.
The collection of taxes will provide funds to satisfy debt service requirements and to finance operations of the County and other government entities.
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 r...
Click here for full text