§ 102335 Sacramento Transit Tax Authorization

This law puts a question on the ballot asking voters if the Sacramento Regional Transit District can be allowed to run and charge a property tax that can’t be higher than a set number of cents for every $100 of property value.

Key Takeaways

•Voters decide if the transit district can collect a new property tax.
•The tax rate is capped at the amount written on the ballot (cents per $100).
•You can calculate your tax by converting the rate to dollars and multiplying by how many $100 units your property is worth.

Example

A homeowner in Sacramento wants to know if a new transit tax will be added to their property bill.

If voters answer YES, the transit district can collect the tax, but only up to the maximum rate written on the ballot (for example, 5 cents per $100 of assessed value).

How to Calculate

Tax Owed = (Rate in cents ÷ 100) × (Assessed Value ÷ 100)

Find the rate shown on the ballot (e.g., 5 cents per $100).
Convert the rate to dollars by dividing the cents by 100 (5 ÷ 100 = $0.05 per $100).
Divide the property’s assessed value by 100 to see how many $100 units there are.
Multiply the dollar rate from Step 2 by the number of $100 units from Step 3.
The result is the annual tax amount the property owner would pay.

A house is assessed at $250,000 and the ballot rate is 5 cents per $100.

Result: Tax Owed = (5 ÷ 100) × (250,000 ÷ 100) = $0.05 × 2,500 = $125 per year

The ballot for the election shall contain such instructions as are required by law to be printed thereon and in addition thereto, the following: Shall the Sacramento Regional Transit District be authorized to operate and levy a property tax at an annual rate which shall not exceed _______ cents ($0.__) on each one hundred dollars ($100) of assessed valuation within (describe city or unincorporated area)? YES◻ NO ◻ (Added by Stats. 1971, Ch. 1374.)

Key Takeaways

•Voters decide if the transit district can collect a new property tax.
•The tax rate is capped at the amount written on the ballot (cents per $100).
•You can calculate your tax by converting the rate to dollars and multiplying by how many $100 units your property is worth.

Example

A homeowner in Sacramento wants to know if a new transit tax will be added to their property bill.

If voters answer YES, the transit district can collect the tax, but only up to the maximum rate written on the ballot (for example, 5 cents per $100 of assessed value).

How to Calculate

Tax Owed = (Rate in cents ÷ 100) × (Assessed Value ÷ 100)

Find the rate shown on the ballot (e.g., 5 cents per $100).
Convert the rate to dollars by dividing the cents by 100 (5 ÷ 100 = $0.05 per $100).
Divide the property’s assessed value by 100 to see how many $100 units there are.
Multiply the dollar rate from Step 2 by the number of $100 units from Step 3.
The result is the annual tax amount the property owner would pay.

A house is assessed at $250,000 and the ballot rate is 5 cents per $100.

Result: Tax Owed = (5 ÷ 100) × (250,000 ÷ 100) = $0.05 × 2,500 = $125 per year

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 102335 Sacramento Transit Tax Authorization

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