HomeMy WebLinkAboutMINUTES - 03241992 - 1.33 TO: BOARD OF SUPERVISORS Contra
Costa
FROM: Phil Batchelor, County Administrator •r _ `;•
s
x. County
DATE: March 18, 1992 q'Cosa
SUBJECT: LEGISLATION: AB 2846 (Allen) .
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Adopt a position in OPPOSITION to AB 2846 by Assemblywoman Allen,
which would eliminate the supplemental property tax roll for all
properties for which there. is a change in ownership during the
1992-93 assessment year if, following the purchase, the real
property is eligible for the homeowners ' exemption and one or more
of the purchasers has not previously been eligible to claim the
homeowners ' exemption with respect to any other real property.
BACKGROUND:
Under current law, each county is required to prepare a
supplemental property tax roll and to collect supplemental property
taxes on property where a change of ownership occurs after the lien
date in a given year or where construction is completed after the
lien date. The supplemental roll prorates the property taxes for
the balance of the assessment year and assesses the new property
tax on the purchaser or owner of the property for the balance of
that assessment year.
AB 2846 would permanently eliminate the supplemental roll for any
property which is newly constructed or for which there is a change
of ownership during the year if the property is eligible for the
homeowners ' exemption and one or more of the purchasers has not
previously been eligible to claim the homeowners ' exemption with
respect to any other property. This provision would be effective
when the bill becomes effective. The bill includes an urgency
clause and thus would become effective upon passage by the
Legislature and approval by the Governor.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
�&SIGNATUREM:: 1�1,
ACTION OF BOARD ON 791arch 24, 199Z-- APPROVED AS RECOMMENDED 'x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC:
Please see Page 2 . ATTESTED MAR 2 4 1992
PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY DEPUTY
M382 (10/88)
-2-
The purpose of this legislation is to provide first-time home
buyers a property tax break in the year in which they purchase
their first home by excusing them from paying the higher taxes
which would generally result from the reassessment of the property
following the change in ownership of the property. AB 2846 is well
intentioned legislation which is clearly intended to encourage home
ownership and assist first-time home buyers in purchasing a home.
It is not known exactly how many of the properties on the
supplemental roll are the result of first-time home buyers .
However, whatever the number, local governments in California are
simply unable to afford any further erosion of property tax revenue
at a time when the national recession is deeper and lasting longer
than anyone had predicted and when other revenue sources, such as
sales tax, vehicle license revenue and other local discretionary
revenues are below previous estimates .
The County Assessor has recommended that the Board of Supervisors
oppose AB 2846 and this office concurs with that recommendation.
cc: County Administrator
County Assessor
Auditor-Controller
Treasurer-Tax Collector
Tony Enea, CAO's Office
Steve Swendiman, Executive Director, CSAC
Les Spahnn, SRJ. Jackson, Barish & Associates