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HomeMy WebLinkAbout04-154Bfll~#F~L~ ~F SUPER1~~5fl~~` COUNTY OF BU'1"1'E, STATE OF CAi.iFt~RNIA Resolution No. o4-is~ RESOI,L`"['ION FIXING "`AX RATES iN "I'HE COUNTY OF BU"I~"hE FOR DISC'AI, YEAR 2004-2005 VVHIREAS, California Constitution Article XIII-A as approved by the voters as Proposition 13 at the June b, 1978 primary election, provides that property taxes levied on county assessed real property shall nat exceed one percent (1.0%) of its full taxable value except for amounts required to meet payments on voter approved debt and assessments levied on other than an ad valorem base; and WIIIREAS, the State Legislature has enacted statutes to implement the provisions of said Article XIII-A; and W1II?REAS, Section 93 of the Revenue and Taxation Code provides that no taxing entity other than the County shall levy an ad valor°em property tax except far the amounts needed to make annual payments on general obligation bonds or other indebtedness approved by the voters prior to July 1, 1978; and ~'HF~:Rh;AS, Section 135 and 93 of the Revenue and Taxation Code provide that the County shall levy an ad valorem property tax on all taxable value at a rate equal to one dollar ($1.00) per one hundred dollars ($100.00) of full taxable value, and that the revenue liom such tax levy shall be distributed to all of the taxing entities within the County in accordance with prevailing statutes; and Vv'I {IRCAS, amounts needed for annual voter approved debt payments. and the respective tax rates required to raise such amounts, have been determined by the County Auditor; and VVIIEREAS, it is incumbent on the Board of Supervisors to fix the tax rates fir certain entities within the County, pursuant to Article 5, Division 3, Title 3 (Section 29100 et scq) of the Government Code, for the 2004-2005 fiscal year; NO~j, 1'IIIRI:FORE. BE I"i RI;SOLVED by the Board of Supervisors of the County of Butte, State of California, as follows: 1. "That said Board does hereby fix a rate of one dollar ($1.00} per one hundred dollars ($100.00} of full taxable value to be applied to the total taxable property included on 2004-200.5 Secured Property Tax Roll as compiled by the County Assessor and the State Board of Equalization. 2. That the revenues derived from said tax rate and levy shall be distributed to the various taxing entities in the County, as prescribed by statute, by the County Auditor; and 3. That said }3oard does hereby tix various tax rates per one hundred dollars ($100.00} of full taxable value, as hereinai-ter set forth in exhibit "A"', to be applied to the taxable values within the boundaries of the respective entities on the 2004- 2005 Secured Property Tai Roll, as compiled by the County Assessor and the State Board of Equalization. to raise revenues to meet annual payments on voter approved bonds and other indebtedness. Revenues derived from such tax rates and levies shall be distributed to the various entities pursuant to prevailing la~v. PASSED AND ADOPTED by the Board of Supervisors of the County of Butte, State of California, this 31st day of August, 2004 by the following vote: AYES: Supervisors Dolan, Houx, Josiassen, Yamaguchi and Chair Beeler NOES: None A13SEN'I: None NO"h VO"TING: None .~, ~ .., R..1. BF,F,I,ER, Chair, Butte County Board of Supervisors A"I'"1'L:S"l PAUL MC 1NTOSH, Chief Administrative Officer and Clerk of the }3oard of Supervisors BUTTE COUNTY BOARD OF SUPERVISORS SCHOOL DISTRICT AND SPECIAL DISTRICT DEBT SERVICE TAX RATES For Fiscal Year 2004-05 TAX RATE PER $100 FULL TAXABLE VALUE Description Year of Issue Rate Schoo! Qistrict Bond Redemption and Interest: Chico Unified School District Chico Unified School District Manzanita Elementary School District Butte-Glenn Community College District Oroville City Elementary School District Oroville High School District Oroville High School District 1998 REFUNDING 0.023505 1998 A 0.015451 2000 0.086292 2002 0.016003 2002 0.025149 2002 A 0.002853 2002 B 0.014468 Other Bonds: Lake Madrone Water District Other Voter Approved Indebtedness: Paradise Unified Lease Purchase (Measure M1Measure E) 1976 1.250000 199412002 0.050000 N: #57\ Tax Bill Calculations\ Letter