COUNTY OF SAN MATEO

Inter-Departmental Correspondence

County Counsel

DATE:

January 12, 2009

BOARD MEETING DATE:

January 27, 2009

SPECIAL NOTICE.HEARING

None

VOTE REQUIRED:

Majority

TO:

Honorable Board of Supervisors

FROM:

County Counsel

SUBJECT:

Correction of Property Tax Rolls Pursuant to sections 4831, et seq., of the Revenue and Taxation Code

Recommendation:

Approve corrections to the identified tax rolls and corresponding tax refunds.

Vision Alignment:

Commitment: Responsive, effective and collaborative government.

Goal 20: Government decisions are based on careful consideration of future impact, rather than temporary relief or immediate gain.

The implementation of this recommendation will further commitments and assist in achieving goals set forth in the County’s Shared Vision 2010 report. Specifically, this proposal implements the commitment of providing “responsive, effective and collaborative government.”

Background

Revenue and Taxation Code sections 4831, et seq., allow for the correction of clerical, descriptive and tax roll errors or mistaken entries. Over the course of any year, it is not uncommon to uncover some errors among the tens of thousands of assessments made by the Assessor. The errors may be caused by defects or delays in information or descriptions provided by assessees, unknown economic or historical information, duplication of assessments or simple clerical or mathematical errors by the assessee or the Assessor, or both. When the correction to the tax roll involves a correction in excess of $50,000, Board of Supervisor’s approval of that correction is required.

Discussion

The Assessor and Controller have found nine enrolled assessments that require corrections that are subject to the approval of the Board of Supervisors. The attached schedule lists the name of the taxpayer and the property address, the reasons for the correction, the amount of the correction, as well as the Roll Change number. Board approval may be evidenced by the execution of the Roll Correction form on behalf of the Board of Supervisors by the President of the Board.

Fiscal Impact

The estimated total fiscal impact is a $307,103 decrease in the 2008 tax roll, a $283,622 decrease in the 2007 tax roll, and a $584,535 decrease in the 2006 tax roll; with total property tax refunds estimated at $915,447, including interest.

Taxpayer

And

Property Address

Tax Year and Reason/Description

Tax Roll Amount

(Including interest, if applicable)

Change Number

SRI Eight Pacific Shores.

1500 Seaport Blvd

Redwood City

2008: Correction required to reflect subsequent information provided to assessor after change in ownership.

$119,785

08-0602

SRI Eight Pacific Shores.

1400 Seaport Blvd

Redwood City

2008: Correction required to reflect subsequent information provided to assessor after change in ownership.

$98,006

08-0601

SRI Eight Pacific Shores.

1500 Seaport Blvd

Redwood City

2007: Supplemental roll correction required to reflect subsequent information provided to assessor after change in ownership.

$116,886

07-391

SRI Eight Pacific Shores.

1400 Seaport Blvd

Redwood City

2007: Supplemental roll correction required to reflect subsequent information provided to assessor after change in ownership.

$95,634

07-390

EQR-LA Terrazza Colma St LP

7800 El Camino Real

Colma

2008: Correction for delayed Welfare Exemption (low income housing) determination.

$89,312

08-1332

EQR-LA Terrazza Colma St LP

7800 El Camino Real

Colma

2007: Supplemental roll correction for delayed Welfare Exemption (low income housing) determination.

$71,102

07-457

Stanford Hospital & Clinics

440 Broadway

Redwood City

2006: Correction for delayed College Exemption application and determination.

$208,651

08-1435

Stanford Hospital & Clinics

450 Broadway

Redwood City

2006: Correction for delayed College Exemption application and determination.

$187,541

08-1434

Stanford Hospital & Clinics

430 Broadway

Redwood City

2006: Correction for delayed College Exemption application and determination.

$188,343

08-1433