[Calclg-l] Fiscal Impacts of mills Act

[Richard Greenbauer]

Meg,
 
The City of Oceanside recently implemented the Mills Act Program City
Wide and provided the following Fiscal Impact synopsis to the City
Council for consideration.
 
FISCAL IMPACT 

 

Property owners who participate in the program realize property tax
savings that are shared by all taxing entities, therefore impact to the
City's property tax revenue stream should be minimal.  

 

2)  The City incurred revenue loss from 25 properties under Mills Act
contract with the City of Pasadena, averaged $310 per property in 2004.
The City of Anaheim annual tax revenue loss associated with the
Implementation of the Mills Act is $100-$400 per property.   For 2003,
the City of Ontario has disclosed that the total loss of revenue to the
City on 16 Mills Act contracts was approximately $3,000 annually, or
about $188 per property per year.  The tax loss to Ontario was estimated
to result in almost $603,000 of property owner committed improvements
and maintenance to properties under the Mills Act Program. 

 

Direct fiscal impacts for the City of Oceanside related to the reduction
in property tax revenue could be limited by setting a cap on the number
of contracts awarded annually and/or a maximum property tax revenue
loss.  Currently the City of Pasadena limits the number of contracts
awarded per year to 25 properties or $75,000 in annual tax revenue loss.
Since the assessment value of properties throughout Oceanside could vary
significantly, it is recommended that the City set a maximum annual
property tax revenue loss similar to that of the City of Pasadena. 

 

Richard Greenbauer, Senior Planner
City of Oceanside
Planning Division
300 North Coast Highway
Oceanside, CA 92054
Phone: 760-435-3519
Fax: 760-754-2958
rgreenbauer at ci.oceanside.ca.us 
Please be advised that all e-mails and phone messages are maintained on
the City's server for two years and are considered public information
when requested.


________________________________

From: calclg-l-bounces at ohp.parks.ca.gov
[mailto:calclg-l-bounces at ohp.parks.ca.gov] On Behalf Of Clovis, Meg
x4913
Sent: Wednesday, December 19, 2007 2:42 PM
To: calclg-l at ohp.parks.ca.gov
Subject: [Calclg-l] Fiscal Impacts of mills Act



The County of Monterey is considering implementing the Mills Act but
would like input from other jurisdictions re: adverse affects due to
reduced property tax revenues. In addition, any advice about pitfalls to
avoid would be appreciated.

Thanks for your assistance - 

Meg Clovis 
Cultural Affairs Manager 
Monterey County Parks 

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