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Mission Viejo adopts resolution to prospectively correct property-tax allocation with Laguna Niguel
Summary
The council adopted a resolution to prospectively correct a county misallocation of property-tax revenue for three parcels; staff said the change will reduce Mission Viejo's annual property-tax revenue by about $10,250 and will take effect after Laguna Niguel and the county approve reciprocal actions.
The Mission Viejo City Council unanimously adopted a resolution approving an agreement with Laguna Niguel to prospectively correct property-tax allocations for three assessor parcels that were improperly attributed to Mission Viejo. Staff told the council the change will reduce Mission Viejo’s property-tax revenue by approximately $10,250 per year going forward.
Staff explained the parcels are west of the 5 Freeway and were not part of Mission Viejo after incorporation; a county mapping or LAFCO discrepancy left the parcels in Mission Viejo’s tax allocation. The council’s action authorizes the city manager to execute agreements to effectuate the prospective correction. The city attorney said the resolution becomes effective only after Laguna Niguel adopts a reciprocal resolution and the county assessor implements the change.
Finance staff summarized the fiscal impact, saying, "The fiscal impact of this change is a decrease of approximately $10,250 a year in the city's property tax revenue category." No public comments were offered during the hearing, and the council voted unanimously to adopt the resolution.
