CCP 11-12-1996 - Laserfiche WebLink

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I ~ 1 FF-7. Delinquent Property Tax Penalties and Interest 2 Issue: Although city finances are affected by property tax delinquencies, cities do not I 3 receive any associated penalties and interest on these delinquencies. Penalties and interest are I 4 split evenly between counties and schools. 5 Response: Cities and counties should receive a pro-rata distribution of SO percent of I 6 the penalties and interest collected on delinquent property taxes with the remaining SO I 7 percent to be distributed to schools. I 8 FF-8. Payments for Services to Tax-Exempt Property I 9 Issue: Taxable property in many cities is being acquired by nonprofit and government .. 10 entities. Converting the property to tax-exempt status can lead to a serious tax base erosion 11 without any corresponding reduction in the service needs created by the property. I 12 Response: Cities should be allowed to collect payments in-lieu of property taxes or I 13 special assessments from statutorily exempt property owners. I 14 FF-9. Truth-in-Taxation I 15 Issue: The Legislature has mandated how property tax relief is calculated on tax I 16 statements. These calculations have no relationship to actual local receipts for Homestead and 17 Agricultural Credit Aid. While the 1996 reforms relaxed some of the more onerous I 18 requirements for certain cities, many still find the process to be a waste of resources primarily I 19 due to little citizen response at the hearings. ~ 20 Response: In the spirit of real truth-in-taxation, property tax statements should I 1997 City Policies 7 > --