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HomeMy WebLinkAbout _ 2A--Presentation by Shasta County Assessor-Recorder Leslie Morgan CITY OF REDDING REPORT TO THE CITY COUNCIL Recommendation Presentation by Shasta County Assessor-Recorder Leslie Morgan regarding the Office of Shasta County Assessor-Recorder’s Annual Report for 2023-2024. Attachments ^Annual Report MEETING DATE: September 5, 2023 ITEM NO. 2A FROM: ***APPROVED BY*** stipton@cityofredding.org btippin@cityofredding.org SUBJECT: 2A--Presentation by Shasta County Assessor-Recorder, Leslie Morgan Sharlene Tipton, City Clerk ANNUAL REPORT 2023 – 2024 OFFICE OF SHASTA COUNTY ASSESSOR-RECORDER LESLIE MORGAN SHASTA COUNTY ASSESSOR-RECORDER What’s inside the 2023 Annual Report? The Assessor-Recorder’s Annual Report offers a detailed statistical analysis of the Assessor’s local assessment roll which is the official list of all the assessed property within the County as of the January 1st Lien Date, and a review of the Recorder’s statistics for documents recorded and funds collected for various local agencies and the State of California. TABLE OF CONTENTS Contents MESSAGE FROM THE ASSESSOR-RECORDER ................................................................................. 1 RESPONSIBILITIES OF THE ASSESSOR-RECORDER ....................................................................... 2 ASSESSOR-RECORDER ORGAZATIONAL CHART ...................................................................... 3 SHASTA COUNTY ASSESSOR TAXABLE VALUES ....................................................................... 4 LOCAL ASSESSMENT ROLL CHANGE .......................................................................................................................4 BY CITY / UNINCORPORATED .................................................................................................................................5 BY SCHOOL DISTRICT ..............................................................................................................................................7 PROPERTY TAX EXEMPTIONS..................................................................................................................................8 SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY .............................................................. 9 PROPOSITION 13 - ASSESSMENT ROLL GROWTH ...................................................................................................9 SUPPLEMENTAL ASSESSMENTS ........................................................................................................................... 10 SECTION 51 VALUE REVIEWS (PROP 8)................................................................................................................ 11 OTHER ASSESSMENTS .......................................................................................................................................... 12 ASSESSMENT TEAM ............................................................................................................................................. 13 SHASTA COUNTY ASSESSOR PERFORMANCE MEASUREMENTS ....................................... 14 COST PER ASSESSMENT ....................................................................................................................................... 14 ASSESSMENT APPEALS ........................................................................................................................................ 15 SHASTA COUNTY PROPERTY TAXES ........................................................................................... 16 General Revenue By Source / Percentage of Each Tax Dollar ............................................................................. 16 CALIFORNIA STATE (BOE) ROLL vs LOCAL ASSESSOR’S ROLL ............................................................................... 17 SHASTA COUNTY RECORDER ........................................................................................................ 18 DOCUMENTS RECORDED AND FILED ................................................................................................................... 18 OTHER AGENCY FEES ........................................................................................................................................... 19 Documentary Transfer Tax (DTT) .................................................................................................................... 19 Building Homes & Jobs Act (SB2) ..................................................................................................................... 19 District Attorney Fraud Fee ............................................................................................................................. 19 HISTORICAL DOCUMENT STATISTICS ................................................................................................................... 20 VITAL RECORDS.................................................................................................................................................... 21 RESTRICTIVE COVENANT MODIFICATIONS (AB1466) .......................................................................................... 21 Home 1 2023-2024 Annual Report SHASTA COUNTY OFFICE OF THE ASSESSOR-RECORDER LESLIE MORGAN, ASSESSOR-RECORDER 1450 Court Street, Ste 208-A Intra-County toll free: 1-800-479-8009 Redding, CA 96001-1667 County website: www.shastacounty.gov Voice - (530) 225-3600 Calif. Relay Service @711 or 800-735-2922 Fax - (530) 225-5673 June 30, 2023 MESSAGE FROM THE ASSESSOR-RECORDER The attached report contains a detailed analysis of all taxable property values in Shasta County as of the Lien Date, January 1, 2023, including exemptions granted by this office pursuant to California State Law. This report does not include the taxable value of properties assessed by the California State Board of Equalization. A proactive approach continues to be taken to initiate Section 51 (Prop 8) reviews in order to appropriately value properties and provide an accurate tax roll. As a result, 3,407 property owners were notified that their taxable value has been enrolled at a reduced current market value. These reductions were based on a comparison of the current market value of their property as of January 1, 2023, to the factored base year value (Prop 13 value) of their property in accordance with State law. This report also contains Recorder statistics that are kept on a calendar year basis. For 2022 the number of recorded deeds decreased 21.4% from calendar year 2021 while the total number of recorded documents decreased 32.0%. Total Documentary Transfer Tax (DTT) decreased 12.3% over the prior year and was distributed to the County of Shasta $1,413,609, the City of Redding $516,230, the City of Anderson $52,335 for, and the City of Shasta Lake $36,242. Additional fees of $1,564,282 were collected and distributed to the State for the Building Homes and Jobs Act, as well as $43,546 collected on behalf of the District Attorney. It is through the hard work, dedication, and professionalism of the employees in the Assessor-Recorder’s Office that this year’s work was completed. I want to thank them for their exceptional effort and dedicated public service. Thank you for the privilege of serving as your Assessor-Recorder. Leslie Morgan, Assessor-Recorder At a basic tax rate of 1%, the assessment roll will fund schools and local government with over $232 million in revenue! The Recorder collected DTT for 2022 of over $2 million dollars! Home 2 2023-2024 Annual Report RESPONSIBILITIES OF THE ASSESSOR-RECORDER The Assessor, a locally elected official, is responsible for locating, identifying the ownership, and determining the value of all assessable real and personal property within the County of Shasta. The Assessor must complete an annual assessment roll containing the assessed values for all properties subject to local assessment. The assessment roll must be submitted to the County Auditor by July 1st of each year. The Assessor’s staff determines whether property that has changed ownership is subject to re- appraisal under the provisions of Proposition 13. In addition, all new construction must be appraised in accordance with the law. The Assessor’s staff maintains about 5,000 Assessor Parcel Maps as well as creates new maps based on cadastral data found on recorded surveys and maps. Assessor maps are also the base map for the County’s Geographic Information System (GIS). In addition, the Assessor’s cadastral mapping specialists keep track of all Tax Rate Area geographic boundaries to make sure the tax revenue goes to the correct entity. All this is done electronically allowing the Assessor’s Parcel Maps to be accessed by computer terminals. Other functions of the Assessor include the granting of all legal exemptions, the defending of assessment appeals before the Assessment Appeals Board, the annual valuation of all business personal property and other taxable personal property such as boats and aircraft, and the Assessor’s staff must perform all mandatory property tax audits on business properties as defined by law. The Recorder is responsible to examine, index, and electronically image all recordable documents submitted that meet statutory recording requirements. All vital records (births, deaths, and marriages) are filed with the Recorder. The Recorder must collect and account for all fees and transfer tax related to the recording of documents according to the law. In addition, the Recorder must preserve maps and other land records important to the history of Shasta County by using appropriate technology and by adopting proper storage methods. The Recorder provides electronic access to recordings for the public in the Recorder’s lobby. The Recorder also has online access to recorded documents, available by paid subscription to title companies and other businesses, which streamlines the recording process in Shasta County. The Assessor-Recorder’s Office maintains a web site (see below) with assessment and recording information available to download free. In addition, the Assessor’s Maps and assessment roll information may be viewed and printed. The Recorder’s Index of recorded documents may also be viewed on this site and vital records may be ordered on-line. ASSESSOR-RECORDER CONTACTS Assessor Website: https://www.shastacounty.gov/assessor Real Property: (530) 225-3600; RealProperty@co.shasta.ca.us Personal Property: (530) 225-3640 PersonalProperty@co.shasta.ca.us Exemptions: (530) 225-3636 Exemptions@co.shasta.ca.us Transfers: (530) 225-3600 Transfers@co.shasta.ca.us Recorder Website: https://www.shastacounty.gov/recorder Recordings: (530) 225-5671 Erecording@co.shasta.ca.us Vital Records: (530) 225-5678 VitalRequest@co.shasta.ca.us Home 3 2023-2024 Annual Report ASSESSOR-RECORDER ORGAZATIONAL CHART Shasta County Assessor-Recorder Leslie Morgan Deputy Assessor-Recorder Valuation Appraisal Manager -Audit Auditor Appraiser III Auditor Appraiser II Auditor Appraiser II Appraisal Manager -Real Property Senior Specialist Real Property Appraiser Real Property Appraiser III Real Property Appraiser III Real Property Appraiser II Real Property Appraiser II Real Property Appraiser I Real Property Appraiser Aide Appraisal Manager -Real Property Senior Specialist Real Property Appraiser Real Property Appraiser III Real Property Appraiser III Real Property Appraiser II Real Property Appraiser II Real Property Appraiser I VACANT Real Property Appraiser I Real Property Appraiser Aide Inter-Deptartmental Systems CoordinatorAgency Staff Services Analyst II Deputy Assessor-RecorderAdministration Program Manager -Roll Production Supervising Assessor-Recorder Specialist Assessor-Recorder Specialist III Assessor-Recorder Specialist II Assessor-Recorder Specialist II Assessor-Recorder Specialist II Assessor-Recorder Specialist II Assessor-Recorder Specialist I Senior Assessor-Recorder Specialist UNDERFILLED Senior Assessor-Recorder Specialist Program Manager -Mapping & Transfers Mapping Specialist II Mapping Specialist I Senior Assessor-Recorder Specialist Senior Assessor-Recorder Specialist Assessor-Recorder Specialist I Program Manager -Recorder Supervising Assessor-Recorder Specialist Assessor-Recorder Specialist III Assessor-Recorder Specialist III VACANT Assessor-Recorder Specialist I/II/II VACANT Assessor-Recorder Specialist I/II/II VACANT Assessor-Recorder Specialist I/II/III Senior Assessor-Recorder Specialist Senior Assessor-Recorder Specialist Home 4 2023-2024 Annual Report SHASTA COUNTY ASSESSOR TAXABLE VALUES LOCAL ASSESSMENT ROLL CHANGE THE ASSESSMENT ROLL The annual assessment roll is based on the value of all property as of the January 1 Lien Date. Assessment roll growth is determined by the combined net annual assessment of transfers of ownership, new construction, the annual statutory increase, business and personal property, and exemptions. What’s behind the changes? This chart displays the year-to-year changes in values which effect of assessed values. • New Construction • Changes in Ownership • Prop 13 – Base Year Value adjustments for CPI • Prop 8 – Market Value reviews 0 200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 1,200,000,000 1,400,000,000 1,600,000,000 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022 2022 to 2023 Roll Growth by Type Prop 8 increases New Construc�on Prop 13 Change in Ownership Home 5 2023-2024 Annual Report SHASTA COUNTY ASSESSOR TAXABLE VALUES BY CITY / UNINCORPORATED CITY OF ANDERSON CITY OF REDDING No. ASMTS LAND IMPR/FIXT PERS PROP GROSS EXEMPTIONS NET Anderson 4,393 Sec 271,657,517 811,856,568 11,383,043 1,094,897,128 (90,267,044)1,004,630,084 565 UnSec 2,660,238 17,896,411 45,518,292 66,074,941 (6,566,268)59,508,673 4,958 Total 274,317,755 829,752,979 56,901,335 1,160,972,069 (96,833,312)1,064,138,757 2022 Asmt Roll 4,929 Total 263,138,582 761,733,814 45,552,168 1,070,424,564 (104,794,948)965,629,616 % Change 0.59%4.25%8.93%24.91%8.46%-7.60%10.20% 2023 TAXABLE VALUES Home 6 2023-2024 Annual Report SHASTA COUNTY ASSESSOR TAXABLE VALUES BY CITY / UNINCORPORATED CITY OF SHASTA LAKE UNINCORPORATED AREAS OF SHASTA COUNTY Home 7 2023-2024 Annual Report SHASTA COUNTY ASSESSOR TAXABLE VALUES BY SCHOOL DISTRICT Home 8 2023-2024 Annual Report CEMETERY 0.21% CHURCH 0.22% COLLEGE 3.53% DISABLED VETERANS 13.61% HISTORICAL AIRCRAFT 0.02%HOMEOWNERS 18.72% HOSPITAL 12.46%LIBRARY / MUSEUM 0.13% LOW VALUE 0.05% PRIVATE SCHOOL 0.32% PUBLIC SCHOOLS 0.43%RELIGIOUS 10.39% WELFARE 39.91% Other 1.37% SHASTA COUNTY ASSESSOR TAXABLE VALUES PROPERTY TAX EXEMPTIONS PROPERTY TAX EXEMPTIONS The California Constitution states that all property is taxable unless there is an exemption granted. * These exemptions are codified in the California Constitution and the Revenue and Taxation Code. Exemptions granted to organizations formed and operated exclusively for qualifying purposes (religious, scientific, hospital or charitable) must meet specific organizational and property use requirements for the exemption to be granted. Homeowners and disabled veterans may also qualify for an exemption on their principal place of residence. The Homeowners’ Exemption lowers your assessed value by $7,000 for a property tax savings of approximately $70 to $80 annually and is an important designation for intergenerational base year transfer claims. The Disabled Veterans’ Exemption value is based on qualifying factors. Home 9 2023-2024 Annual Report SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY PROPOSITION 13 - ASSESSMENT ROLL GROWTH PROPOSITION 13 Passed by the voters in June 1978, Proposition 13 (Prop. 13) amended the California Constitution, limiting the assessment and taxation of property in California. It restricts both the tax rate and the annual increase of assessed value as follows: • The property tax cannot exceed one percent of a property’s taxable value (plus service fees, improvement bonds and special assessments, many of which require voter approval). • A property’s original base value is its 1975–76 market value. A new base year value is established by reappraisal whenever there is a change in ownership or new construction. An increase in the assessed value of real property is limited to no more than two percent per year. • The adjusted (factored) base year value of real property is the upper limit of value for property tax purposes. • Business property, boats, airplanes, and certain restricted properties are subject to annual reappraisal and assessment. Proposition 13 generally limits assessed value growth to two percent annually, except for the reassessment of transfers of ownership or new construction. The limit is tied to the California Consumer Price Index (CCPI). In 2021–2022, the CCPI was just 1.036 percent for properties not affected by transfers of ownership or new construction, creating a loss in anticipated property tax revenue for schools and local government. Who Benefits from Prop. 13? Every property owner benefits from Prop. 13. However, the longer a property is owned, the greater the property tax benefit. Some change in ownership transactions qualify for an “exclusion” from reassessment. Examples of change in ownership exclusions include interspousal (marriage, death, divorce) and intergenerational (parent/child and grandparent/grandchild) transfers. $0 $5 $10 $15 $20 $25 $30 20 2 3 20 2 2 20 2 1 20 2 0 20 1 9 20 1 8 20 1 7 20 1 6 20 1 5 20 1 4 20 1 3 20 1 2 20 1 1 20 1 0 20 0 9 20 0 8 20 0 7 20 0 6 20 0 5 20 0 4 20 0 3 20 0 2 20 0 1 20 0 0 19 9 9 19 9 8 19 9 7 19 9 6 19 9 5 19 9 4 19 9 3 19 9 2 19 9 1 19 9 0 19 8 9 19 8 8 19 8 7 19 8 6 19 8 5 19 8 4 19 8 3 19 8 2 19 8 1 19 8 0 19 7 9 19 7 8 B i l l i o n s $ 24,524,661,673 $1,778,046,200 TOTAL TAXABLE VALUE HAS INCREASED 1379% IN 45 YEARS Home 10 2023-2024 Annual Report SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY SUPPLEMENTAL ASSESSMENTS SUPPLEMENTAL ASSESSMENTS Supplemental assessments were created by Senate Bill 813 in 1983 to close inequities in Proposition 13. Whenever there is a reappraisal due to a change in ownership (e.g., property bought or sold) or due to the completion of new construction, State law requires the County Assessor to determine a new base year value for the property. A notice of Supplemental Assessment is then issued by the Assessor’s Office and sent to the owner at the address of record. Following this notice, a Supplemental Tax Bill is issued by the Tax Collector’s office. The Supplemental Tax Bill is based on the difference between the prior value and the new reappraisal. This value is prorated for the number of months remaining in the fiscal year (July 1 to June 30). Usually, it is not prorated in escrow during purchase, nor is it paid by the lender through an impound account. Unlike the secured tax bill, lending agencies do not receive a copy of the Supplemental Tax Bill. Supplemental tax is not reported in the annual assessment roll. The Assessor’s Office produces a supplemental roll that generates significant additional revenue. The entire new assessed value is then reflected on the tax roll the following fiscal year. What about Prop. 19? On November 3, 2020, voters approved the Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act, commonly known as Proposition 19. Prop. 19 made sweeping changes to a property owner’s ability to transfer their Prop. 13 assessed values by adjusting the value comparisons and adding the ability to transfer assessed values between counties. Prop 19 also narrowed property tax benefits for intergenerational transfers and added new transfer provisions for victims of disasters and the severely handicapped. Home 11 2023-2024 Annual Report SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY SECTION 51 VALUE REVIEWS (PROP 8) PROPOSITION 8 Revenue & Taxation (R&T) Code Section 51 known as Prop 8 was passed by California voters in November 1978 and states that the taxable value of real property shall be the lesser of factored Base Year Value or Full Cash Value. The factored base year value is the assessed value as determined at the time of purchase or construction, increased each year by no more than two percent, or the CCPI, whichever is lower. When the market value of a property declines below the factored base year value, the Assessor enrolls the lower fair market value of their property. Properties where the market value exceeds the assessed value as of lien date, are not eligible for an adjustment. TEMPORARY DECLINES IN ASSESSED VALUE The Base Year & Prop 8 Value History from 2008 through the current assessment roll can be seen in this chart. Leslie Morgan and her team at the Shasta County Assessor’s Office proactively reviewed nearly half of the properties during the peak of the decline resulting in the reduction of 30.56% of the secured parcels. 2023202120192017201520132011200920072005200320011999199719951993199119891987198519831981197919771975 -10.00% -5.00% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% $- $5,000,000,000 $10,000,000,000 $15,000,000,000 $20,000,000,000 20 2 3 20 2 2 20 2 1 20 2 0 20 1 9 20 1 8 20 1 7 20 1 6 20 1 5 20 1 4 20 1 3 20 1 2 20 1 1 20 1 0 20 0 9 20 0 8 20 0 7 20 0 6 20 0 5 20 0 4 20 0 3 20 0 2 20 0 1 20 0 0 19 9 9 19 9 8 19 9 7 19 9 6 19 9 5 19 9 4 19 9 3 19 9 2 19 9 1 19 9 0 19 8 9 19 8 8 19 8 7 19 8 6 19 8 5 19 8 4 19 8 3 19 8 2 19 8 1 19 8 0 19 7 9 19 7 8 19 7 7 19 7 6 19 7 5 19 7 4 LAND IMPROVEMENTS PERSONALTY % CHANGE CPI Prop 13 took effect in 1978 0 2,500,000,000 5,000,000,000 7,500,000,000 10,000,000,000 Year -Count Value Reduc�on Base Year Value Prop 8-Market Value Home 12 2023-2024 Annual Report SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY OTHER ASSESSMENTS BUSINESS AND PERSONAL PROPERTY All business and personal property is assessed annually at market value as of the January 1 Lien Date. Examples include computers, machinery, equipment, boats, airplanes, tractors, fixtures and furniture. The assessed value of business and personal property is included on both the secured and unsecured roll and is derived from business property statements filed by taxpayers annually. SECTION 170 – DISASTER RELIEF REVIEW OF CARR FIRE RESTORATIONS Revenue and Taxation Code section 170 provides that if a calamity such as fire, earthquake, or flooding damages or destroys property, the taxpayer may be eligible for property tax relief. In such cases, the assessor reappraises the property to reflect its damaged condition. In addition, when it is rebuilt in a like or similar manner, the property will retain its prior value (Proposition 13) for tax purposes. In July 2018 Shasta County residents suffered greatly from the Carr fire. As a result, the Assessor’s staff enrolled 1,225 reductions which included 1,123 secured parcels. A review of the restorations and transfers for secured parcels enrolled is as follows: COUNT VALUE Secured Calamity Reductions Enrolled 1,123 $183,784,080 BASE YEAR VALUE RESTORATIONS ENROLLED Assessment Roll Year 2019 21 $761,020 Assessment Roll Year 2020 129 $16,883,417 Assessment Roll Year 2021 135 $25,662,830 Assessment Roll Year 2022 40 $7,353,270 Assessment Roll Year 2023 15 $2,627,707 *Note - Values represent base year values restored. This does not include added new construction. OTHER TRANSFERS Change in Ownerships 358 Base Year Transfers to New Home 114 REMAINING CARR FIRE CLAIMS 315 OPEN PERMITS (CIP) - As of Jan 1, 2023 99 Beyond the Numbers - Customer Relations! The most critical part of our services is assisting property owners as the navigate the complex laws of property tax assessment. Each encounter is an opportunity for our office to prove that we are here to help through our informative and professional interactions. The staff interactions inspire positive feedback from our customers through verbal and written communications. We are advocates for the taxpayers of Shasta County ensuring that assessed values are fair and equitable. Home 13 2023-2024 Annual Report SHASTA COUNTY ASSESSOR ASSESSMENT HISTORY ASSESSMENT TEAM THE ASSESSOR’S TEAM The Assessor’s office has various sections within the department which specialize in each area and is overseen by the Assessor and two Deputy Assessor-Recorders. Transfers and Mapping Staff works the documents coming from the Recorder’s office to set up appraisable events as well as initiating communications needed for any exclusions that may apply. In addition, the mapping specialists map new parcels, keep track Tax Rate Areas, and maintain the base map for GIS. Valuation Specialized Support Staff process applications for many of the exemptions and exclusions that may apply to a properties assessment, input and track values associated with intergenerational and base year transfers, and input values and corrections processed by Real Property Appraisers. Business and Personal Property Specialized Support Staff analyze discovery sources associated with businesses and other personal property such as boats and aircraft. Staff intakes annual filings for valuation, and input values and corrections processed by Auditor Appraisers. Appraisal Staff includes Auditor Appraisers, Real Property Appraisers, Senior Specialist Real Property Appraisers, and Appraisal Managers. Over 50 percent of staff are professionally certified by the State of California. Appraisers provide assessment-related information to the public and interact with property owners or agents regarding property assessment appeals. Other Specialized Staff focus on assessment topics such as exemptions, discovery, value processing, technology, and much more. Home 14 2023-2024 Annual Report SHASTA COUNTY ASSESSOR PERFORMANCE MEASUREMENTS COST PER ASSESSMENT PERFORMANCE MEASURES – COST PER ASSESSMENT Led by County Assessor Leslie Morgan, the Assessor’s Office has created Management Team approach to performance measurements. Through reporting qualitative data that tracks the timeliness of product delivery, accuracy of assessments and overall efficiency, these measures allow the Assessor to identify and record service levels from year to year, designed to achieve specific continuous improvement objectives. The data is compiled from the results of similar, more detailed measures in each Division of the Assessor’s Office. The performance measures were developed in collaboration with both line staff and managers. What is an Assessment Practices Survey? The State Board of Equalization (BOE) acts in an oversight capacity to ensure compliance by county assessors with property tax laws, regulations, and assessment issues. The BOE conducts periodic compliance audits (surveys) of the county assessors' programs and develops property tax assessment policies and informational materials to guide county assessors and local assessment appeals boards. The Government Code mandates and outlines the assessment practices survey program. The purpose of the survey is to determine the adequacy of the procedures and practices the county assessor uses in valuing property and to evaluate the assessor's performance of mandated duties. The survey concentrates on statutory mandates and revenue-related issues. The BOE also compiles data to be used for comparing administrative and assessment operations with those of other Assessors. See State Average * in the below chart. Home 15 2023-2024 Annual Report SHASTA COUNTY ASSESSOR PERFORMANCE MEASUREMENTS ASSESSMENT APPEALS PERFORMANCE MEASURES – ASSESSMENT APPEALS Property owners are encouraged to review their assessments relative to the market value of their property as of January 1. Owners should contact the Assessor’s Office for an informal review if they believe their assessment is greater than the market value of the property as of the lien date. If, during the informal review, analysis of new information results in a revised determination of market value, the Assessor will change the assessment before the end of the formal filing period. Shasta County Sample Results! The BOE staff also performs appraisal samples of five county assessment rolls as a component of the survey or as a stand-alone report. These samples are used by Assessors to ensure that their values being enrolled are accurate and certifies the eligibility of the county to continue to recover costs associated with administering supplemental assessments. Shasta County was sampled in March 2023 with an indicated average assessment ratio of 99.76% Home 16 2023-2024 Annual Report SHASTA COUNTY PROPERTY TAXES General Revenue By Source / Percentage of Each Tax Dollar PROPERTY TAXES AND GENERAL REVENUE This tax is of major importance as the largest single revenue source for the support of municipal and school district services. Property tax is a local tax to finance local governments and public schools. The Assessor’s job is to accurately assess all property in Shasta County in accordance with the California Revenue and Taxation Code; therefore, as homeowners benefit from the difference between assessed values and market values, it comes with an offset to schools and local governments dependent on property tax revenue to provide quality education and public services. PROPERTY TAX is the largest source of discretionary revenue available to the County. Shasta County 2021-22 Actuals from the 2023-24 Recommended Budget Where Do My Property Taxes Go? A portion of the property tax you pay remains in the local community for services. The beneficiaries of property tax revenue are public schools, community colleges, the County and our three cities. More than 50 percent of local property tax revenue generated in Shasta County goes to fund public education. Counties, cities, towns, school districts and special districts use property taxes to fund schools, police and fire protection, road maintenance and many other municipal services. Home 17 2023-2024 Annual Report SHASTA COUNTY PROPERTY TAXES CALIFORNIA STATE (BOE) ROLL vs LOCAL ASSESSOR’S ROLL CALIFORNIA STATE BOARD OF EQUALIZATION (BOE) ROLL VS LOCAL ASSESSOR’S ROLL The BOE is responsible for assessing property owned or used by certain public utilities and other specified companies operating in California, enabling counties to use those values to collect local property taxes. The BOE’s State-Assessed Properties Division (SAPD) is responsible for annually preparing value recommendations for each state assessee. These indicators and recommendations, which are developed annually from information provided by state assessees, are used by the elected Board to determine the fair market value of the assessee’s unitary property. State-assessed property is not subject to the provisions of Proposition 13 and is assessed at its fair market value as of 12:01 a.m. each January 1. How does Shasta County get values allocated from the State? The Property values on the state- assessed roll are allocated by the BOE to the counties where the properties are located. Each county levies, bills, and collects the tax directly from state assessees, based upon the allocated values. The taxes are levied at the same rate that is applied to locally assessed property. Home 18 2023-2024 Annual Report SHASTA COUNTY RECORDER DOCUMENTS RECORDED AND FILED RECORDED DOCUMENTS The Recorder, upon payment of the proper fees and taxes, accepts for recordation any instrument, paper, or notice which is authorized or required by law to be recorded. Prior to recordation, these documents must contain sufficient information to be indexed as required by statute and be photographically reproducible. Why Public Records? The Office of the County Recorder is extremely important in the legal structure of our society. The right to own property under our system of government is a part of the freedoms we enjoy. Without the ability to prove property ownership rights, individuals would be unable to protect their land or maintain land rights as an asset. Early in history the United States created a recording system and Shasta County’s documents date back to its origins in 1850. YEAR DEEDS DEEDS OF TRUSTEE'S RECONS NOTICE OF LIENS & MAPS MISC TOTAL *TRUST DEEDS DEFAULTS ABST JDGS DOCS 1997 8,254 8,028 377 6,373 775 4,279 175 15,251 43,512 1998 9,154 10,365 404 8,851 833 5,558 121 17,199 52,485 1999 9,450 9,865 361 9,569 719 3,476 114 16,247 49,801 2000 9,923 8,830 355 7,382 767 5,672 136 14,738 47,803 2001 11,035 12,717 303 10,980 656 5,074 133 15,292 56,190 2002 12,969 17,030 198 16,136 586 5,623 142 15,825 68,509 2003 13,922 23,089 115 23,884 487 5,849 150 17,979 85,475 2004 13,893 19,879 73 17,408 390 5,842 135 16,959 74,579 2005 14,466 20,979 26 19,542 410 5,140 165 17,181 77,909 2006 11,338 16,659 76 15,455 606 4,806 176 16,746 65,862 2007 9,615 12,518 361 12,149 1,104 4,995 167 16,638 57,547 2008 7,279 6,989 732 7,223 1,529 5,079 130 15,058 44,019 2009 6,908 6,601 978 7,211 1,897 5,162 82 15,154 43,993 2010 6,557 5,388 1,107 5,781 1,765 4,770 77 15,860 41,305 2011 6,952 4,901 1,214 5,391 1,679 4,666 47 19,724 44,574 2012 8,530 7,511 962 7,822 1,371 3,678 54 22,452 52,380 2013 8,786 7,788 451 9,134 681 3,045 64 21,903 51,852 2014 7,813 5,344 400 5,894 622 3,005 64 16,672 39,814 2015 8,181 6,699 333 7,364 511 2,702 65 18,299 44,154 2016 8,863 7,331 287 7,747 489 3,121 57 19,029 46,924 2017 9,079 6,869 219 7,612 399 3,200 62 18,510 45,950 2018 8,322 6,174 197 6,733 333 4,031 39 16,692 42,521 2019 8,555 7,491 160 7,335 371 4,458 62 18,393 46,825 2020 9,440 11,138 68 11,338 144 3,816 54 20,874 56,872 2021 11,113 12,226 48 12,777 106 4,156 49 23,457 63,932 2022 8,730 6,654 73 6,400 261 4,382 52 16,914 43,466 *Calendar year The Recorder maintains a permanent public record of documents related to the ownership and encumbrance of real property located in Shasta County. Home 19 2023-2024 Annual Report SHASTA COUNTY RECORDER OTHER AGENCY FEES OTHER FEES COLLECTED AT RECORDING In addition to recording fees, the recorder collects and distributes other fees that have been set by statute to be collected at the time of recording and allocated to the appropriate agency. Documentary Transfer Tax (DTT) Revenue and Taxation Code section 11911 establishes that each deed, instrument, or writing which conveys a property interest shall pay DTT at the rate of fifty-five cents ($0.55) for each five hundred dollars ($500) or fractional part thereof. Building Homes & Jobs Act (SB2) Effective January 1, 2018, Government Code section 27388.1 requires that documents accepted for recording be charged an additional seventy-five dollars ($75) fee unless a valid exemption applies and has been declared on the document prior to recording. District Attorney Fraud Fee Government Code section 27388 allows the District Attorney of the county to establish a fee of up to ten dollars ($10) to fund programs to enhance the capacity of local police and prosecutors to deter, investigate, and prosecute real estate fraud crimes. Shasta County collects $3 under GC§27388. $15,204 $11,834 $9,385 $7,123 $0 $5,000 $10,000 $15,000 $20,000 1st 2nd 3rd 4th 2022 by Quarter Home 20 2023-2024 Annual Report SHASTA COUNTY RECORDER HISTORICAL DOCUMENT STATISTICS PUBLIC RECORDS FOR TITLE SEARCHES This office contains records relating to real estate from 1851 to present. All records are truly public in nature (with the exception of birth, death, and marriage records) and are, by law, available for your inspection. The original documents are never kept by this office, but are copied by Recorder’s personnel, at first by hand (years 1851 to 1907), then by typing (years 1908 to 1952), then by photography (years 1952 to 1982) by micrographics (years 1982 to 1998), and finally by electronic imaging starting in 1999. A property title search examines public records on the property to confirm the property’s rightful legal owner. The title search should also reveal if there are any claims or liens on the property that could affect your purchase. Our staff is available to show you where the indexes and the books to which they refer are located, but we cannot give legal advice nor do a search for you. You may search the Official Records Index for documents that have been recorded. Deeds are a written instrument which, when properly executed and delivered, transfers title to real estate. Home 21 2023-2024 Annual Report SHASTA COUNTY RECORDER VITAL RECORDS AND RESTRICTIVE COVENANTS VITAL RECORDS The Recorder maintains vital records such as Birth, Death, and Marriage certificates. Only certain individuals are allowed to receive an authorized certified copy of a birth, death, or marriage record. An authorized certified copy of a birth record is required to obtain a driver's license, passport, social security card and other services related to an individual's identity. Informational Certified Copies Those who are not authorized or do not wish to submit the notarized Certificate of Identity may receive an Informational Certified Copy. Informational Certified Copies have the words "INFORMATIONAL, NOT A VALID DOCUMENT TO ESTABLISH IDENTITY," imprinted across the face of the copy. Authorized vs. Informational Certified Copies Authorized copies are used for legal purposes. Informational copies are used for mostly non-legal purposes and ancestry. RESTRICTIVE COVENANT MODIFICATIONS (AB1466) Current law prohibits public documents from being recorded with discriminatory or restrictive covenant language (i.e., age, race, color, religion, sex, gender, gender identity, gender expression, sexual orientation, familial status, marital status, disability, veteran or military status, genetic information, or national origin). The recent passing of Assembly Bill 1466 (AB 1466) aims to remove any discriminatory or restrictive covenant language on historical public records. The Recorder has implemented a comprehensive search and review of documents recorded in Shasta County. Historical recorded documents found that contain unlawful discriminatory or restrictive covenant language are redacted and re-recorded. The full scope of the implementation can be viewed on the Recorder’s website. 286 Restrictive Covenant Modifications Recorded to Date! 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 MARRIAGES 1,049 1,204 1,035 1,086 1,084 1,117 1,117 1,166 1,069 1,031 1,025 994 974 854 988 956 DEATHS 2,188 2,275 2,070 2,230 2,241 2,243 2,341 2,315 2,466 2,471 2,510 2,539 2436 2690 3030 2769 BIRTHS 2,389 2,287 2,243 2,259 2,189 2,113 2,172 2,125 2,196 2,170 2,134 2,072 1965 1795 1864 1814 CALENDAR YEAR 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022