4.1. Property Tax The property tax administration services include, but not limited to, the following: • Establish and maintain a comprehensive database that includes major property owners in the City and each project area, detailing assessed values, major property tax payers, property tax transfers, and comparative property data within the City and each Project Area by county use-code designation. The database may include of new construction activity using data from the City Community Development department, multiple-owned and absentee-owned parcels, and calculations of estimated property tax revenues. • Provide analysis of designated geo areas within the City, including assessed valuations and square footage computations, to support community and economic development planning. • Periodically provide updated reports that include property tax appeals filed on properties in the City and project areas, property tax transfers since the last report, and updates to the computer program parcel transfer data. • Periodically conduct analysis and generate misallocation error reports to identify and verify parcels on the secured property tax roll that are not properly attributed to the City, and work with Placer County to correct any discrepancies. • Reconcile the annual auditor-controller assessed valuations report with the assessor’s lien tax rolls and identify discrepancies. • Review parcels on the unsecured property tax roll to identify and resolve inconsistencies. • Track property transfers and new construction completions to ensure that reassessments are performed within a reasonable time. • Assist the City with property tax-related inquiries and help estimate current year property tax revenues. 4.2. Sales and Use Tax The sales and use tax services shall include sales tax audits, analysis and management support and revenue forecasting for both Bradley Burns and any future district taxes. The program components include, but not limited to, the following: • Establish and maintain a comprehensive database/application for sales tax producers within the City and provide City staff access to the system to query sales and use tax information. • Provide reports on an agreed-upon interval identifying changes in sales by major category, area growth and decline comparisons, and current graphics, tables, and top 100 listings. Quarterly aberrations due to State audits, fund transfers, and receivables along with late or double payments. • Provide reports to assist City staff with estimating sales tax revenues and budget forecast. • Provide analysis for the City and Redevelopment Agency to share with other economic development interest groups that analyze City’s sales tax trends. • Monitor common errors and make corrections. • Prepare and submit to CDTFA all information necessary to correct any allocation errors that are identified and follow-up with the individual business and the CDTFA to ensure that all back quarter payments due to the City are recovered. • Assist the City with sales and use tax related inquiries and help estimate sales tax revenues. • Provide sales tax projections on specific projects for redevelopment negotiation and budget purposes.
