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Last modified
7/17/2007 12:31:50 PM
Creation date
12/8/2004 2:48:33 PM
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Planning Files
Planning Files - Planning File #
3065
Planning Files - Type
Planning-Other
Address
2660 CIVIC CENTER DR
Applicant
CITY OF ROSEVILLE
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<br />to determine the tax rate (explained in Point 19 below). The reduction of the tax capacity by <br />the amount that goes into the areawide pool and the amount to be used solely by the TIF <br />districts has the effect of raising the tax rate for the given annual levy. Essentially, the <br />remaining tax base pays for the difference. (The tax base is also given a subsidy based on the <br />fiscal disparity distribution amount explained below in Point 11 below.) <br /> <br />9. Fiscal Disparities Distribution. This is the Fiscal Disparities Tax Capacity that Roseville <br />receives from the areawide pool. For the base year, this amount is $2.74 million. The <br />distribution from the areawide pool is based on the relativefiscal capacity of Roseville <br />compared to the areawide average. Fiscal capacity is defined as equalized market value per <br />capita. Equalized market value is market value adjusted for the differential in assessment <br />levels between jurisdictions. Those cities with greater fiscal capacity receive relatively less <br />from the pool compared cities with less fiscal capacity. <br /> <br />The methodology assumes that the growth in the fiscal disparities distribution is based on the <br />total population each year (including that from new growth) times the fiscal disparities <br />distribution per person each year (which changes over time as explained further in Point 21 <br />below). Given that the distribution from the areawide pool is based on the relative fiscal <br />capacity per person in Roseville compared to the areawide average, population is a major <br />driver. Ifthe total Citywide fiscal capacity stays constant, but population increases, then the <br />distribution per person decreases and vice versa. In general. if the Roseville were to <br />experience a lot of nonresidential growth and limited residential growth, then the total fiscal <br />capacity per person wouldincrease and the per "capita amount distributed from the fiscal <br />disparities pool would decrease given that the relative fiscal capacity in RoseviUe increases. <br /> <br />It is importluit to note that when calculating the fiscal disparity distribution it is assumed that <br />the average fiscal capacity and the proportion of CII versus residential market value <br />ch~acteristics of the areawide pool remains ,constant. As a result, any changes in the fiscal <br />. capacity and C/I versus residential market value characteristics in Roseville will impact the <br />relative differential, which in turn impacts the annuat'distribution of fiscal disparities to <br />RosevilIe. This is necessary given that: I) all jurisdictions in the entire seven county area <br />cannot be modeled, and 2) our f~cus is looking at the marginal impacts of land use in <br />Roseville using the snapshot approach~ <br /> <br />10. Last Year's Tax Rate. The tax rate is the rate that the City applies to the tax capacity of each <br />property to determine the amount of property taxes owed. This rate is unique for each city <br />and depends on certified levy (the total annual property tax revenues received from all <br />property in the city). For administrative pUl1'oses, the previous year's tax rate for each city is <br />used to determine the fiscal disparity revenues to the City. <br /> <br />11. Fiscal Disparity Revenues to City. This is determined by multiplying last year's tax rate <br />times the fiscal disparities distribution. This is subtracted from the current years certified <br />levy to determine the adjusted levy. The reason for doing this is to deduct the amount of <br />revenues received from the areawide pool in order to calculate the local tax rate necessary to <br /> <br />Page 38 <br /> <br />Tischler & Associates, Inc. <br />
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