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HomeMy WebLinkAbout18-136 f rjJ/P rd/1�� I / l f r, r( / / I 1 /I, r //�, 1 //� ,✓ �, � l r� rr /, J / /, It 1 J r ,� Oi 1/ / Resolution No. 18-136 RESOLUTION FIXING TAX RATES IN THE COUNTY OF BUTTE FOR FISCAL YEAR 2018-19 WHEREAS, the Board of Supervisors is required by Government Code section 29100, pursuant to Article 5, Divisuon 3, title 3 to adopt the rates of taxes on the Secured Roll on or before October 3 of each year; and WHEREAS, California Constitution Article XIII-A as approved by the voters as Proposition 13 at the June 0, 1978 primary election, provides that property taxes levied on county assessed real property shall not exceed one percent (1.0010) of its full taxable value except for amounts required to meet payments on voter approved debt and assessments levied on other than an ad valorern base; and WHEREAS, the State Legislature has enacted statutes to implement the provisions of said Article XIII-A; and WHEREAS, Revenue and Taxation Code section 93 provides that no taxing entity other than the County shall levy an ad valorem property tax except for the amounts needed to make annual payments on general obligation bonds or other indebtedness approved by the voters prior to July 1, 1978; and WHEREAS, Revenue and Taxation Code section 135 and 93 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 from such tax levy shall be distributed to all of the taxing entities within the County in accordance with prevailing statutes; and WHEREAS, 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. NOW,THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors as follows: I. 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 2018-19 Secured Property Tax Roll as compiled by the County Assessor and the State Board of Equalization. . 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 Board does hereby fix various tax rates per one hundred dollars ($100.00) of full taxable value, as hereinafter set forth in Exhibit "A", to be applied to the taxable values within the boundaries of the respective entities on the 2018-19 Secured Property Tax 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 law. PASSED AND ADOPTED by the Butte County Board of Supervisors this 11th day of September, 2018, by the following,vote: AYES: Supervisors Connelly, Wahl, Kirk,Teeter, and Chair Lambert NOES: None ABSENT: Norge NOT VOTING: None Steve Larn4k, Chair Butte County Board of Supervisors ATTEST: Shari McCracken, Chief Administrative Officer and Cl the of Supervisors By. Deputy BUTTE COUNTY BOARD OF SUPERVISORS SCHOOL DISTRICT AND SPECIAL DISTRICT DEBT SERVICE TAX RATES For Fiscal Year 2018-19 TAX RATE PER$100 FULL TAXABLE VALUE Exhibit"A" Description Title of Bond Rate ption and Interest: School District,Bond Redem,,,,,,,,,,,,,,,,,,,,__- Thermalito Un School District 2004M Series 2005 0.028280 Chico Unified School District 2016 Refunding 1998 Series 8 0.021829 Chico Unified School District 2016K Series A-1 0.036902 Chico Unified School District 2016K Series A-2 0.008545 Manzanita Elementary School District Refunding 2013 Refunding 2000S 0.041629 Gridley Unified A Bond 2012 Series A 0.011491 Oroville City Elementary School District 2002E Series 2003 0.023383 Oroville High School District 2002J Series A 0.011229 Oroville High School District 2002J Series B 0.007923 Butte-Glenn Community College District 2015 Refunding 2002 Series B 0.010024 Butte-Glenn Community College District 2016J Series A 0.020762 Oroville High School District 2008G Series 2009 0.023587 Butte-Glenn Community College District 2017 Refunding 2002 Series C 0.006031 Butte-Glenn Community College District 2012 Refunding 2002 Series A 0.004500 Chico Unified School District Refunding 2012 Refunding 0.004959 CUSD MEASURE E SERIES A BOND 2012E Series A 0.005247 CUSD MEASURE E SERIES A BOND 2012E Series B 0.009898 Other Bonds: Lake Madrone Water District 1976 2.000000 Other Voter Approved Indebtedness: Marysville Joint Union School District 2009 0.021784 Marysville Joint Union School District(Refunding 2014) Refunding 2014 0.052103 Marysville Joint Union School District(Refunding 2016) Refunding 2016 0.038121 Yuba Community College District 2006 A 0.012856 Yuba Community College District 2006 B 0.011126 Yuba Community College District 2006 C 0.002355 Yuba Community College District 2006 D 0.003604 N:#571 Tax Bill Calculations\Letter