San Bernardino header
File #: 8679   
Type: Consent Status: Passed
File created: 8/31/2023 Department: Auditor-Controller/Treasurer/Tax Collector
On agenda: 9/12/2023 Final action: 9/12/2023
Subject: Fiscal Year 2023-24 Property Tax Rates for Local Agencies
Attachments: 1. ATT-ATC-9-12-23-Fiscal Year 2023-24 Property Tax Rates for Local Agencies, 2. RES-ATC-9-12-23-Fiscal Year 2023-24 Property Tax Rates for Local Agencies, 3. Item #14 Executed BAI, 4. 2023-168 Executed Resolution

REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS

OF SAN BERNARDINO COUNTY

AND RECORD OF ACTION

 

September 12, 2023

 

FROM

ENSEN MASON, Auditor-Controller/Treasurer/Tax Collector 

         

SUBJECT                      

Title                     

Fiscal Year 2023-24 Property Tax Rates for Local Agencies

End

 

RECOMMENDATION(S)

Recommendation

Adopt Resolution setting 2023-24 property tax rates for local agencies within San Bernardino County (Attachment A).

(Presenter: Diana Atkeson, Assistant Auditor-Controller/Treasurer/Tax Collector, 382-7004)

Body

 

COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES

Operate in a Fiscally-Responsible and Business-Like Manner.

 

FINANCIAL IMPACT

Approval of this Resolution will not result in the use of additional Discretionary General Funding (Net County Cost). Statutory tax levies for 2023-24 are necessary to fund a portion of local agencies’ operations and to raise funds necessary to retire voter approved debt.

 

BACKGROUND INFORMATION

Per statutory requirements, the recommended Resolution will set the 2023-24 property tax rates for local agencies within San Bernardino County.

 

Government Code section 29100 requires the Board of Supervisors to adopt by resolution the annual property tax rates on the secured roll on or before October 3 of each year, at a rate not to exceed $1 per $100, or 1% of assessed value, as specified in Article XIIIA of the California Constitution, and sections 93 and 100 of the Revenue and Taxation Code (RTC).

 

RTC section 93 authorizes an additional levy of ad valorem property tax in excess of the 1% in order to raise revenues in the amounts needed to meet annual debt service requirements for interest and principal payments on general obligation bonds, other indebtedness approved by the voters prior to July 1, 1978, and for bonded indebtedness incurred for the acquisition or improvement of real property that was approved by its voters. The revenue from the tax levy will be allocated to the various taxing entities of the County in accordance with applicable provisions of RTC.

 

Further, RTC section 100 requires a countywide rate for general tax and debt service be applied to the unitary assessed values established by the State Board of Equalization. The revenue received from this levy will be apportioned in accordance with this section of the Code.

 

PROCUREMENT

N/A

 

REVIEW BY OTHERS

This item has been reviewed by County Counsel (Kristina Robb, Deputy County Counsel, 387-5455) on July 20, 2023; Finance (Penelope Chang, Administrative Analyst, 387-4886) on August 16, 2023; and County Finance and Administration (Paloma Hernandez-Barker, Deputy Executive Officer, 387-5423) on August 25, 2023.