To: Sonoma County Board of Supervisors
Department or Agency Name(s): Clerk-Recorder-Assessor
Staff Name and Phone Number: Deva Proto, 707-565-1877
Vote Requirement: Informational Only
Supervisorial District(s): Countywide
Title:
Title
Assessment Roll 2020-2021
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Recommended Action:
Recommended action
Presentation of the 2020-2021 Assessment Roll. (Informational Only)
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Executive Summary:
The 2020-2021 Assessment Roll contains the assessed valuation of all taxable real and business property on the local tax roll. This informational presentation is provided annually to the Board.
Discussion:
Detailed 2020-2021 Assessment Roll valuations results are described in the attached memorandum to the Board Chair from the Clerk-Recorder-Assessor. Overall roll values as of 1/1/2020 are 4.64% greater than 1/1/2019.
2020-21 Assessment Roll History
2020-21 Assessment Roll History - % Change
County Administrator’s FY 2020-2021 Budget Impact Summary Discussion:
With increasing market values for properties that sold during calendar year 2019 and using an annual consumer price index of 1.02% issued by the state for counties valuation, staff assumed a 3.5% property value growth and $2.1 million in restored values of fire reconstructed properties, representing a total 4% growth as part of the Fiscal Year 2020-21 Adopted Budget. Staff estimates that the final Fiscal Year 2020-21 Assessed Value growth of 0.64% will result in the collection of approximately $1,000,000 in additional property taxes over the 4% estimate in the Fiscal Year 2020-21 Recommended Budget. In accordance with the financial policies adopted by the Board in Fiscal Year 2019-20, 40% of the unanticipated funds, or about $400,000, will increase funding for Capital Projects deferred maintenance.
Prior Board Actions:
Annual information only presentations are received by the Board of Supervisors.
Fiscal Summary
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FY 19-20 Adopted |
FY20-21 Projected |
FY 21-22 Projected |
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Additional Appropriation Requested |
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Fees/Other |
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Narrative Explanation of Fiscal Impacts:
Unanticipated property tax revenues of approximately $1,000,000 are estimated and, in accordance with the Board’s financial policies, 40% of this will be used to provide capacity to increase funding to Capital Projects. The 1st Quarter budget update will recognize the additional revenues and program resources according to financial policies.
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Staffing Impacts: |
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Position Title (Payroll Classification) |
Monthly Salary Range (A-I Step) |
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Deletions (Number) |
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Narrative Explanation of Staffing Impacts (If Required):
N/A
Attachments:
Attachment 1: 2020-2021 Assessment Roll Memorandum to the Board of Supervisors’ Chair
Attachment 2: Comparison Secured/Unsecured Value
Attachment 3: Comparison Incorporated/Unincorporated Value
Attachment 4: Comparison Cities Assessment Roll Values
Related Items “On File” with the Clerk of the Board:
N/A