CCP 11-04-1994 - Laserfiche WebLink

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- FF-7. Payments for Services to Tax Exempt Property . Problem: Taxable property in many cities is being acquired by non-profit and government entities. Converting the property to tax exempt status can lead to a serious tax base erosion without any corresponding reduction in the service needs created by the property. " Solution: Cities should be allowed to coDect payments in-lieu of property taxes or special assessments from non-constitutionally exempt property owners, " FF-8. Delinquent Property Tax Penalties Problem: Although city finances are affected by property tax delinquencies, cities do not receive any associated penalties and interest on these delinquencies. Penalties and interest are split evenly between counties and schools. Solution: Cities should receive their pro-rata share of all penalties and interest coDected on delinquent property taxes. FF-9. Reporting Requirements Problem: Budget and financial reporting requirements imposed on cities by the state often . result in duplication and additional costs. Solution: Additional requirements for reporting and advertising fmancial and budget information should be carefully weighed to balance the validity of the state's need for additional information with the costs and burdens of compiling and submitting this information. In addition, all state agencies should be aware of the information already required by others to avoid duplication of reporting requirements. FF-IO. Truth-in-taxation Problem: The Legislature has mandated how property tax relief is calculated on tax statements. These calculations have no relationship to actual local receipts for Homestead , and Agricultura1 Credit Aid. . Solution: In the spirit of real truth-in-taxation, property tax statements should accurately reflect the actual amount of HACA benefiting each individual property owner. . " . 1995 City Policies 17