For purposes of subdivision (a) of Section 2 of Article XIII A of the California Constitution, the “full cash value” of all property in a community college district shall include the assessed valuation of all real properties in those territories or components which subsequent to the 1975–76 fiscal year became a part of the community college district.
FinanceProperty Valuations for Allocations
Section § 84205.5
This law explains that for calculating property taxes, the 'full cash value' of properties within a community college district must include the assessed values of any areas that joined the district after the fiscal year 1975-76.
full cash value property tax calculation community college district
Section § 84207
Every year by November 15, the county auditor in each county has to send financial reports to the Board of Governors of California Community Colleges. These reports should include the previous year's actual tax receipts and the current year's estimated tax receipts from different sources like secured and unsecured taxes, previous year taxes, and timber taxes for each community college district. The board provides specific forms for this purpose.
On or before November 15 of each year, the county auditor of each county shall furnish to the Board of Governors of the California Community Colleges the actual previous year’s receipts, along with estimated current year receipts for secured tax receipts, unsecured tax receipts, prior year tax receipts, timber tax receipts, and any other appropriate taxes or subventions for each community college district or portion of a district situated within his or her county. This information shall be forwarded on forms prescribed by the Board of Governors of the California Community Colleges.
county auditor Board of Governors California Community Colleges
