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Adopt a resolution setting the property tax rates for the County of Solano, cities, schools, and applicable special districts within the County of Solano for FY2026/27
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Auditor-Controller’s Office recommends that the Board of Supervisors adopt a resolution setting the property tax rates for the County of Solano, cities, schools, and applicable special districts within the County of Solano for FY2026/27.
SUMMARY:
In accordance with Government Code §29100, the Board of Supervisors is required to set the property tax rates for the County of Solano, cities, schools, and applicable special districts within the County of Solano on or before October 3rd of each year. The code requires the Board to levy the rates of tax on the secured and unsecured rolls at not more than ONE DOLLAR ($1.00) per ONE HUNDRED DOLLARS ($100.00) of the full cash value of the property. Also, pursuant to Revenue and Taxation Code §93(c), included in the tax rate schedule in Exhibit 1, are the ad valorem tax rates for schools and special districts to collect for the payment of the principal and interest on their respective voter-approved bonded indebtedness.
FINANCIAL IMPACT:
Property taxes levied during FY2026/27 are projected to raise approximately $1.1 billion to be distributed to the County, cities, schools, applicable special districts, and redevelopment agencies within the County of Solano.
DISCUSSION:
Proposition 13 was passed by the California electorate in 1978 to set the property tax rate statewide at 1% of the full cash value of the property. Additional taxes levied in excess of 1% require voter approval. The Auditor-Controller’s Office calculates the property tax rates for the General Obligation Bonds of all school districts in the County. A school district may have a series of bond issues, and the tax rate of each series is calculated separately. The assessed values of all property within the sphere of influence of each jurisdiction together with the scheduled annual debt service payment of principal and interest due during the year are the factors in the calculation of the property tax rates.
For cities and other local agencies, the respective entity calculates and submits their respective property tax rates to the Auditor-Controller’s Office accompanied by an approved Resolution or Ordinance from the respective governing body. Each local agency is responsible for the validity and accuracy of the property tax rates to conform with the legal requirements.
The Board approves the annual property tax rates to be levied on the property tax bills for the current fiscal year.
ALTERNATIVES:
The Board could set different tax rates than those provided herein. However, they may impact the funds necessary to meet the current year’s debt service obligations for the respective levying agencies. Therefore, this alternative is not recommended.
OTHER AGENCY INVOLVEMENT:
The affected cities, schools, and applicable special districts have participated in the compilation of the data and the calculation of the respective tax rates contained in this report.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION