Loading...
HomeMy WebLinkAboutMINUTES - 09092014 - C.160RECOMMENDATION(S): ADOPT the fiscal year 2014-15 secured property tax rates as shown on Exhibit A, attached; AUTHORIZE the levy of these rates and those adopted by cities and multi-county districts, as shown in Exhibit B, against the taxable secured property within the County that is subject to each rate (anticipated revenues specified in Exhibit A are subject to changes in the secured roll); and ADOPT and levy the 2014-15 tax rate as shown on Exhibit B for the Unitary and Operating Non-Unitary property assessed by the State Board of Equalization with a single countywide value, as recommended by the Auditor-Controller. FISCAL IMPACT: Adoption of the attached property tax rates will generate over $1.5 billion in property tax revenues to be apportioned to the County, Cities, Schools and other eligible tax agencies. APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 09/09/2014 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS Contact: Marie Rulloda, 925-646-2186 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: September 9, 2014 David Twa, County Administrator and Clerk of the Board of Supervisors By: , Deputy cc: Bob Campbell, Elizabeth Verigin, Haj Nahal, Marie Rulloda C.160 To:Board of Supervisors From:Robert Campbell, Auditor-Controller Date:September 9, 2014 Contra Costa County Subject:Adoption of 2014-15 Secured Property Tax Rates and Authorization to Levy the 2014-15 Property Tax Roll BACKGROUND: Under Government Code Section 29100, the Board of Supervisors is responsible for the adoption by resolution of 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 these rates on the appropriate taxable property in the County. Revenue and Taxation Code Section 100(b) provides for the tax rate to be applied to the Unitary and Operating Non-Unitary property. CONSEQUENCE OF NEGATIVE ACTION: Failure to approve this action will mean that the County will not be in compliance with Government Code Section 29101 and this will result in the loss of over $1.5 billion in property tax revenues. ATTACHMENTS Exhibit A Exhibit B Exhibit A COUNTYWIDE TAX AND TAX RATES CALCULATED BY THE AUDITOR Government Code Section 29142 allows a collection fee for debt service requirements on bonds authorized and issued by special districts up to one-fourth of one percent. The tax amounts and rates for special districts include an additional one-fourth of one percent as the County's collection fee. Amount to be raised Rate as Percentage on Secured Roll of Full Value Countywide tax $1,549,845,000 1.0000 % LOCAL SPECIAL DISTRICTS Contra Costa Water Land Levy 720,500 .0037 Pleasant Hill Rec. & Park 2009 1,613,400 .0258 SCHOOL DISTRICTS ELEMENTARY: Brentwood Elementary 1990 516,900 .0071 Brentwood Elementary 1997 1,281,500 .0176 Brentwood Elementary 2003 2,007,100 .0275 Byron Elementary 2006 597,000 .0236 Lafayette Elementary 1,703,200 .0241 Moraga Elementary 831,400 .0243 Oakley Elementary 1998 714,500 .0246 Oakley Elementary 2004 1,071,500 .0368 Orinda Elementary 1,235,900 .0232 Walnut Creek Elementary 1995 1,163,900 .0108 Walnut Creek Elementary 2002 1,125,200 .0104 HIGH SCHOOL: Acalanes Union 1988 533,000 .0020 Acalanes Union 1997 4,545,800 .0171 Acalanes Union 2002 4,225,700 .0159 Liberty Union 1994 1,409,800 .0108 Liberty Union 2001 2,160,600 .0165 UNIFIED SCHOOL DISTRICTS: Antioch USD SFID 2008 2,306,200 .0433 Antioch USD SFID 2012 1,761,400 .0331 John Swett 2002 608,600 .0288 John Swett 2008 1,268,900 .0600 Martinez Unified 2010 2,961,100 .0568 Mt Diablo 2002 13,153,900 .0414 Mt Diablo 2010 13,927,500 .0439 Pittsburg Unified 1995 0 .0000 Pittsburg Unified 2004 1,033,200 .0268 Pittsburg Unified 2006 2,226,100 .0577 Pittsburg Unified 2010 2,291,700 .0594 San Ramon Unified 1998 7,933,400 .0209 San Ramon Unified 2002 12,599,600 .0331 San Ramon Unified 2012 4,192,500 .0111 West Contra Costa Unified 1998 1,993,500 .0087 West Contra Costa Unified 2000 9,805,100 .0556 West Contra Costa Unified 2002 11,236,600 .0600 West Contra Costa Unified 2005 12,402,300 .0600 West Contra Costa Unified 2010 8,637,300 .0480 West Contra Costa Unified 2012 9,183,900 .0480 COMMUNITY COLLEGE: CC Community College 2002 5,978,400 .0040 CC Community College 2006 12,452,800 .0082 CC Community College 2014 20,779,700 .0130 Exhibit B TAX RATES ADOPTED BY OTHER DISTRICTS Per certifications received from the governing body of each district. Rate as Percentage of Full Value MULTI-COUNTY DISTRICTS: Bay Area Rapid Transit .0045 % East Bay Regional Park .0085 East Bay MUD Dist 1 .0047 Livermore Joint Unified 1999 .0497 Chabot - Las Positas Comm College .0217 CITIES: Orinda Roads Bond 2014 .0130 Brentwood, City of .0059 Lafayette, City of .0120 Richmond Pension Tax .1400 Martinez Park Bond 2008 .0347 TAX LEVY FOR UNITARY AND OPERATING NON-UNITARY PROPERTY FOR 2014-2015 Rate as Percentage of Full Value Countywide Tax 1.5032 % (UNITARY)