title
Approve the FY2012/13 Property Tax Administration Fee to recover the cost to administer the property tax system to cities and local agencies in accordance with the Revenue and Taxation Code Section 95.3(f)
body
Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Approve the Property Tax Administration Fee for FY2012/13 to recover the cost to administer the property tax system to cities and local agencies in accordance with the Revenue and Taxation Code Section 95.3(f).
SUMMARY:
The Property Tax Administration Fee represents the total costs of the County to administer the property tax system. Revenue and Taxation Code § 95.3(f) authorizes the County to recover the property tax administrative costs attributable to cities and local jurisdictions within the County, excluding schools and Education Revenue Augmentation Fund (ERAF). The Auditor-Controller, Assessor-Recorder, Tax Collector / County Clerk / Treasurer, County Counsel and County Administrator’s Office (by providing staff support to the Assessment Appeals Board) provide property tax administrative support. Their respective costs are included in the administrative fee calculation to determine the amount eligible for recovery from cities and other local jurisdictions. The total allocable property tax administration cost for FY2012/13 is $7,225,768. The allocation of $3,056,323 to schools and $1,093,562 to the General Fund are excluded. Therefore, the FY2012/13 recoverable amount for the County is $3,075,883.
FINANCIAL IMPACT:
The $3,075,883 in revenue to be received from the Property Tax Administration Fee is included in FY2012/13 budgets of the respective departments who provide the property tax administrative support.
DISCUSSION:
SB 2557, Maddy, (Chapter 466 of 1990), codified in Section 95.3(f) of the Revenue and Taxation Code authorizes counties to recover property tax administrative costs attributable to inco...
Click here for full text