TO: Board of Supervisors
FROM: Tracy A. Schulze - Auditor-Controller
REPORT BY: Jobina Toh - Assistant Auditor-Controller
SUBJECT: Authorization for the Auditor-Controller to process an Assessor Division assessment roll correction in excess of $10,000,000 limit permitted under Resolution No. 2013-137 (Revenue and Taxation Code Section 4831 et seq.)
RECOMMENDATION
title
Request authorization for the Auditor-Controller to process an Assessor Division assessment roll correction for Assessor Parcel Number (APN) 850-000-445-000 for the structural improvements of $47,873,000 in tax year 2025-26. (Fiscal Impact: Various Funds Decrease Revenue, Mandatory)
body
BACKGROUND
Resolution No. 2013-137 authorizes the Auditor-Controller to perform, on behalf of the Board of Supervisors, corrections to the local assessment roll as set forth in Section 4831 et seq. of the Revenue and Taxation Code where the amount of the correction does not exceed ten million ($10,000,000) in assessed valuation.
NCCD Napa Valley Properties LLC timely filed the college exemption claim form on February 4, 2025 for the college housing built on land (Assessor Parcel 046-450-073-000) leased from Napa Community College. This housing development is exempt from property taxes under the college exemption set forth in California Constitution Article XIII Section 3(e). The exemption applies to two separate assessments: 860-003-807-000 for the possessory interest in the leased land, and 850-000-445-000 for the structural improvements which are owned by NCCD Napa Valley Properties LLC and therefore are assessed as improvements on leased land. The exemption was correctly applied to the possessory interest in the amount of $6,892,650. Because of an Assessor Division clerical error, the college exemption was not applied to the structural improvements in the amount of $47,873,000. The property owner has received a total tax bill for $530,720.07.
The County Assessor has submitted a roll correction which w...
Click here for full text