§ 16085 School District Tax Calculation

This rule tells how to figure the special "45‑cent tax amount" that a unified school district can postpone paying when it gets certain state money.

Key Takeaways

•The tax amount is based on the district’s total property value.
•Before 1981‑82 the rate was 90¢ per $100 (0.9%).
•From 1981‑82 onward the rate is 0.225% of the full value.
•The calculated amount tells how much of the repayment can be postponed.

Example

A school district that got state funding wants to know how much of its yearly repayment can be delayed.

The district looks at its total property value for the year, then applies the tax rate the law says (either 90¢ per $100 or 0.225% after 1981‑82) to get the amount that can be deferred.

How to Calculate

Tax amount = (Assessed valuation × 0.009) for years before 1981‑82, or Tax amount = (Assessed valuation × 0.00225) for 1981‑82 and later.

Find the district’s assessed valuation for the year (the total value of all taxable property).
Decide which rate to use – 0.9% (0.009) if the year is before 1981‑82, or 0.225% (0.00225) if the year is 1981‑82 or later.
Multiply the valuation by the appropriate rate.
The product is the "45‑cent tax amount" that can be deferred.

The district’s assessed valuation for 2022 is $12,000,000.

Result: Tax amount = 12,000,000 × 0.00225 = $27,000

For purposes of computing, under Section 16084, the portion of the annual repayment to be deferred in the case of a unified school district which has applied for and received an apportionment under Section 16003, the “45-cent tax amount” shall be the amount produced by a tax of ninety cents ($0.90) on each one hundred dollars ($100) of assessed valuation of the district during the year, except beginning with the 1981–82 fiscal year the tax shall be 0.225 percent of the full value. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

This rule tells how to figure the special "45‑cent tax amount" that a unified school district can postpone paying when it gets certain state money.

Key Takeaways

•The tax amount is based on the district’s total property value.
•Before 1981‑82 the rate was 90¢ per $100 (0.9%).
•From 1981‑82 onward the rate is 0.225% of the full value.
•The calculated amount tells how much of the repayment can be postponed.

Example

A school district that got state funding wants to know how much of its yearly repayment can be delayed.

The district looks at its total property value for the year, then applies the tax rate the law says (either 90¢ per $100 or 0.225% after 1981‑82) to get the amount that can be deferred.

How to Calculate

Tax amount = (Assessed valuation × 0.009) for years before 1981‑82, or Tax amount = (Assessed valuation × 0.00225) for 1981‑82 and later.

Find the district’s assessed valuation for the year (the total value of all taxable property).
Decide which rate to use – 0.9% (0.009) if the year is before 1981‑82, or 0.225% (0.00225) if the year is 1981‑82 or later.
Multiply the valuation by the appropriate rate.
The product is the "45‑cent tax amount" that can be deferred.

The district’s assessed valuation for 2022 is $12,000,000.

Result: Tax amount = 12,000,000 × 0.00225 = $27,000

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 16085 School District Tax Calculation

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