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Committee sets composite property tax rate for 2021–22 and forwards to full Board
Summary
The Budget & Finance Committee recommended approval of the annual property tax-rate resolution, setting a composite rate of approximately 1.18248499% for fiscal year 2021–22 and explaining that the small decline from the prior year reflects assessed-value growth and debt-service changes.
Property Tax Manager Jamie Whitaker presented the annual property‑tax rate‑setting resolution to the Budget & Finance Committee on Sept. 22, asking the committee to set a composite tax rate of approximately 1.18248499% for fiscal year 2021–22. Whitaker said the rate applies to about 210,000 secured properties and explained the components: 1% base under Proposition 13, an additional city voter‑approved general obligation factor, and other taxing‑entity rates (school district, community college, BART, and air‑quality district). He said assessed values rose roughly 4% year‑over‑year and that the composite rate decline from the prior year largely reflects assessed‑value growth and debt‑service calculations.
The Budget Legislative Analyst confirmed the proposed rate setting appears on the BLA report and recommended approval. Supervisor questions about the rate change were addressed by Whitaker, who said total collections are expected to increase even though the composite rate edged down. The committee voted to move the property‑tax resolution to the full Board with a positive recommendation.
