Today's Law As Amended


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AB-2210 County assessors: notification.(2011-2012)



As Amends the Law Today


SECTION 1.
 The Legislature finds and declares the following:
(a) County governments are primarily responsible for local property tax assessments, but the state retains a vested interest in promoting equitable property tax assessments due to the public policy and financial implications inherent with the assessment process.
(b) It is incumbent upon the state to ensure that public policy supports a transparent and impartial assessment process to minimize impacts on taxpayers.
(c) Fluctuations in property tax revenue have direct financial consequences for the state’s General Fund due to the state’s obligation to guarantee minimum funding for schools, for which the state must make up the difference when revenues fall short.
(d) Unanticipated and significant drops in projected property tax revenue not only impact the state and counties, but local municipalities within each county.
(e) It is imperative for all levels of government to have appropriate information about unanticipated declines in revenue in a timely manner that allows for appropriate responses.

SEC. 2.

 Section 27421 of the Government Code is amended to read:

27421.
 (a)  The county assessor in each county who is designated to perform the duty of assessing property for a local taxing jurisdiction shall, upon request of the governing body of such jurisdiction, excluding a school district, furnish not later than May 15th 15  of each year an estimate of the assessed valuation of property within such the  jurisdiction for the succeeding fiscal year. Such The  request shall be made on or before February 20th 20  of each year. The estimate required herein shall contain estimates of the total of each of the items contained on the assessment roll as well as the estimated total valuation.
(b) Within 30 days of receiving a request by the board of supervisors of the county, the assessor shall estimate whether property valuations have decreased by 3 percent or more. If property valuations have decreased by 3 percent or more the assessor shall notify the board of supervisors before the end of the 30 days.
(c) Within 15 days of notifying the board of supervisors, the assessor shall notify the Department of Finance, and all cities and affected school districts within the county.