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HomeMy WebLinkAboutMINUTES - 03241992 - 1.34 TO: BOARD OF SUPERVISORS �"SE`L Contra r FROM: Phil Batchelor, County Administrator —� Costa n. s 4o County DATE: March 18, 1992 SUBJECT: LEGISLATION: AB 2814 (Ferguson, et al) SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: Adopt a position in OPPOSITION to AB 2814 by Assemblyman Ferguson which is co-authored by 14 members of the Assembly and two members of the Senate, 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. 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 2814 would, for the 1992-93 assessment year, eliminate the supplemental roll for any property which is newly constructed or for which there is a change of ownership during the year. The supplemental property tax roll generates about $5 million annually for the County, plus the amounts which are collected and disbursed to other local taxing jurisdictions . Local governments in California are simply unable to afford this level of property tax loss, 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 /� " , CONTINUED ON ATTACHMENT:: YES SIGNATURE: � RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ,& "_4,1� ACTION OF BOARD ON Marcn 24, 1992 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENIease See age BSTAIN: OF SUPERVISORS ON THE DATE SHOWN. 1' L MAR 2 4 1992 CC: ATTESTED PHIL BATCHELOR,CLERK OF THE BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR BY (•X DEPUTY M382 (10/88) -2- The County Assessor has recommended that the Board of Supervisors oppose AB 2814 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