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Larry W. W ard Assessor-County Clerk-Recorder

Larry W. W ard Assessor-County Clerk-Recorder. Assessor FY 12/13 Budget Presentation. Assessor – C ore Functions. Mandated Complete a yearly assessment roll ($205 Billion, 940,000 Assessments). Non-Mandated Defending assessment appeals

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Larry W. W ard Assessor-County Clerk-Recorder

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  1. Larry W. Ward Assessor-County Clerk-Recorder Assessor FY 12/13 Budget Presentation

  2. Assessor – Core Functions • Mandated • Complete a yearly assessment roll ($205 Billion, 940,000 Assessments). • Non-Mandated • Defending assessment appeals • Public service at multiple offices throughout the County • Inter-departmental support for the Clerk of the Board, TTC, ACO, and CREST

  3. Assessor Funding Sources FY 2007/08 – $30.67M FY 2012/13 – $23.49M $10.72M $3.76M Cities, Redev. Agencies, Special Districts (Property Tax Admin) NCC Other Revenue* Assessor PTAP (FY 2007/08) / Clerk-Recorder support (FY 2012/13) *Other revenue includes Supplemental, CIO Penalty R&T 482, Timeshare Assessment Fee, and other miscellaneous revenue.

  4. Funding Concerns • Dissolution of the Redevelopment Agencies – need to replace $7.3M (55%) of Property Tax Admin to property tax departments. • Property Tax Administration case pending in California Supreme Court – if lost, revenue may decrease. • Non-recoverable school districts’ property tax admin apportionment. • Diminishing NCC Support. • County Clerk-Recorder unable to continue support after FY 12/13.

  5. Conclusion • In FY 12/13, the County Clerk-Recorder will continue to support the Assessor to meet 28% NCC cut and maintain mandated services. • In FY 13/14, County Clerk-Recorder support will end. A $7.5M NCC support will be requested to maintain minimum level of mandated services.

  6. Larry W. Ward Assessor-County Clerk-Recorder Assessor FY 12/13 Budget Presentation

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