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Delivering Revenue, Insight and Efficiency to Local Government

PROPERTY TAX TIMELINE – From the Taxpayer to my City 2013-14 FY. January 1, 2013 is lien date for the tax roll incorporating the 2% CCPI per Proposition 13 and values from the 2012 calendar year (sales, construction) - Assessor.

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Delivering Revenue, Insight and Efficiency to Local Government

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  1. PROPERTY TAX TIMELINE – From the Taxpayer to my City 2013-14 FY January 1, 2013 is lien date for the tax roll incorporating the 2% CCPI per Proposition 13 and values from the 2012 calendar year (sales, construction) - Assessor January 1-June 30, 2013 the Assessor applies reductions or recaptures value per Prop 8 and makes additional adjustments and corrections to the tax roll July 1, 2013 tax roll is transferred to the Auditor for the extension of taxes for the fiscal year (1% levies, debt service and direct assessments) September 1, 2013 the completed tax roll is transferred to the Treasurer/Tax Collector who prints and mails the bills and receives tax payments from taxpayers due Dec. 2013 and April 2014 The Treasurer reports receipts to the Auditor who apportions property tax revenue to all taxing entities between November 2013 and August 2014 (2013-14 FY) By the time all tax revenues are apportioned at the end of the 2013-14 fiscal year in July 2014, the revenues that were received were based on values that are now 18 months stale. Delivering Revenue, Insight and Efficiency to Local Government

  2. Delivering Revenue, Insight and Efficiency to Local Government

  3. Delivering Revenue, Insight and Efficiency to Local Government

  4. Delivering Revenue, Insight and Efficiency to Local Government

  5. LOOKING FORWARD TO 2013-14 • The CCPI is 2% for the year 2013-14 fiscal year applied to properties not previously reduced per Proposition 8 • If home prices can sustain the modest increases we have been seeing through the summer, we may begin to see some recapturing of residential values reduced between 2007-08 and 2011-12. • Most appeals filed before 2011-12 should have met the 2 year hearing requirement and we will begin to see diminishing appeals numbers unless we enter another or extended recession impacting commercial and industrial interests. • With increases in year to year property values expect increases in the VLF In Lieu revenues. Delivering Revenue, Insight and Efficiency to Local Government

  6. Preliminary General Fund Property Tax Estimate 2013-14.

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