Source: Coleman Advisory Services computations from State Controller reports The Ins and Outs of State & Local Funds
Other
Hotel Tax
BusnLic Tax
Utility
User Tax
Franchises
Sales &
Use Tax
Property
Tax
Other
Planning
Streets
Library
Parks&Rec
Police
Fire
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Revenues Exenditures
Discretionary Revenues and Spending
Typical Full Service City
Property Tax
✔ An ad valorem tax imposed on real property and
tangible personal property
✔ Maximum 1% rate (Article XIIIA) of assessed value,
plus voter approved rates to fund debt
✔ Assessed value capped at 1975-76 base year plus
CPI or 2%/year, whichever is less
✔ Property that declines in value is reassessed to the
lower market value.
✔ Reassessed to current full value upon change in
ownership (with certain exemptions)
✔ Allocation: shared among cities, counties and
school districts according to state law.
The Ins and Outs of State & Local Funds
8