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C. 84
To: Board of Supervisors
From: Robert Campbell, Auditor-Controller
Date: October  13, 2020
The Seal of Contra Costa County, CA
Contra
Costa
County
Subject: Adoption of 2020-21 Secured Property Tax Rates and Authorization to Levy the 2020-21 Property Tax Roll

APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE

Action of Board On:   10/13/2020
APPROVED AS RECOMMENDED OTHER
Clerks Notes:

VOTE OF SUPERVISORS

AYE:
John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor
Contact: Joanne Bohren, 925-335-8610
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:     October  13, 2020
David Twa,
 
BY: , Deputy

 

RECOMMENDATION(S):

ADOPT the fiscal year 2020-21 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 2020-21 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 $2.5 billion in property tax revenues to be apportioned to the County, Cities, Schools and other eligible agencies.  




FISCAL IMPACT: (CONT'D)
  

BACKGROUND:

Under Government Code Section 29100, the Board of Supervisors (Board) is responsible for the adoption by resolution of the tax rates for the current year secured property tax roll. Because of delays caused by COVID-19 and pursuant to Revenue and Taxation Code Section 155.3, the State Controller's Office granted a 40 day extension to the County Auditor-Controller (Exhibit C). The General Obligation Bond rates are provided by the Auditor-Controller 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 result in the County not being in compliance with Government Code Section 29101 and this will result in the loss of over $2.5 billion in property tax revenues.  
  

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