§ 15260 Multi-County District Tax Assessment

This law tells each county to figure out how much of the school district’s property is in its area, then split the needed school tax money based on that share.

Key Takeaways

•Each county reports the value of property in the school district after the state equalizes assessments.
•The tax each county collects is based on its share of the district’s total property value.
•The amount collected must be enough to cover the bond interest and any principal that is due that year.

Example

A school district covers parts of County A and County B. The district needs $100,000 this year to pay bond interest and principal.

County A and County B each look at how much property they have in the district, figure out their share of the total, and then collect that share of the $100,000 from property owners in their county.

How to Calculate

County Tax Needed = (Assessed Value in County ÷ Total Assessed Value in District) × Total Tax Needed for Bonds

Get the assessed value of all taxable property in the district that lies in each county.
Add the two county values together to get the total assessed value for the whole district.
Divide each county’s assessed value by the total assessed value to find its percentage share.
Multiply that percentage by the total amount the district must raise (interest + principal) to get the tax amount each county must collect.

County A has $600,000 of assessed property, County B has $400,000. The district must raise $100,000 this year.

Result: County A tax = (600,000 ÷ 1,000,000) × 100,000 = 0.6 × 100,000 = $60,000; County B tax = (400,000 ÷ 1,000,000) × 100,000 = 0.4 × 100,000 = $40,000.

In case of a district lying in two or more counties, the assessor of each of the counties in which the district lies, shall annually as soon as the county assessments have been equalized by the State Board of Equalization, certify to the board of supervisors of each of the counties in which any portion of the district is situated, the assessed value of all taxable property in the county situated in the school district or community college district. The tax shall be levied according to the ratio which the assessed value of the property in the district in any county bears to the total assessed value of the property in the district. Each board of supervisors shall levy upon the property of the district and within its own county the rate of tax that will be sufficient to raise not less than the amount needed to pay the interest and any portion of the principal of the bonds that is to become due during the year. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

This law tells each county to figure out how much of the school district’s property is in its area, then split the needed school tax money based on that share.

Key Takeaways

•Each county reports the value of property in the school district after the state equalizes assessments.
•The tax each county collects is based on its share of the district’s total property value.
•The amount collected must be enough to cover the bond interest and any principal that is due that year.

Example

A school district covers parts of County A and County B. The district needs $100,000 this year to pay bond interest and principal.

County A and County B each look at how much property they have in the district, figure out their share of the total, and then collect that share of the $100,000 from property owners in their county.

How to Calculate

County Tax Needed = (Assessed Value in County ÷ Total Assessed Value in District) × Total Tax Needed for Bonds

Get the assessed value of all taxable property in the district that lies in each county.
Add the two county values together to get the total assessed value for the whole district.
Divide each county’s assessed value by the total assessed value to find its percentage share.
Multiply that percentage by the total amount the district must raise (interest + principal) to get the tax amount each county must collect.

County A has $600,000 of assessed property, County B has $400,000. The district must raise $100,000 this year.

Result: County A tax = (600,000 ÷ 1,000,000) × 100,000 = 0.6 × 100,000 = $60,000; County B tax = (400,000 ÷ 1,000,000) × 100,000 = 0.4 × 100,000 = $40,000.

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 15260 Multi-County District Tax Assessment

Key Takeaways

Example

How to Calculate

Key Terms

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References