Title
Adopt Corrected Tax Rates for the Gonzales Unified School District calculated by the Auditor-Controller for Fiscal Years 2021-22, 2022-23, 2023-24, and 2024-25.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt Corrected Tax Rates for the Gonzales Unified School District calculated by the Auditor-Controller for Fiscal Years 2021-22, 2022-23, 2023-24, and 2024-25.
SUMMARY/DISCUSSION:
Pursuant to California Government Code Section 29100, the Board of Supervisors annually adopt tax rates for the secured property tax roll on or before October 3rd. While Article XIII A of the California Constitution limits the general property tax rate for local agencies to 1% of assessed value, additional tax rates may be levied to pay for voter-approved bonds.
The Gonzales Unified School District (GUSD) includes two distinct areas for issuance and repayment of bond indebtedness: a district-wide area and a School Facilities Improvement District (SFID) area. Due to an administrative error in the Auditor-Controller’s Office (ACO), the GUSD bond tax rate was not levied in the district-wide area, and the SFID area was over-levied from Fiscal Year 2021-2022 through 2024-25.
As a result, corrected tax rates have been recalculated to apply the correct levy in the district-wide area and to process refunds for the over-levied taxes in the SFID area.
The attached, Appendix A, reflects the corrected tax rates for the GUSD.
Approximately 850 parcels will receive tax bills with an additional amount due for each impacted fiscal year and approximately 2,140 parcels will receive refunds as a result of this correction. The details of the estimated impact to those parcels are provided in the attached, Appendix B.
Eligible taxpayers may apply for an installment plan allowing repayment over a four-year period pursuant to Revenue and Taxation Code 4837.5 provided the additional tax due is over $500, all other taxes due on the current tax roll ar...
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