Doesn’t the Redevelopment Agency take all the increases in property taxes from the County?
No. State Law (Health and Safety Code Section 33607.6) requires a percent of the growth in property tax within the Redevelopment Area be passed through to other taxing entities. The pass through amount is increased in three stages. The pass through begins at 25 percent of the total tax increment after the required amount for housing purposes is accounted for. On average, the taxing entities receive about 33 percent of the tax increment in a Project Area, net of the housing deposit.
Related Questions
- If a county probation department collaborates with a non profit as a lead agency applicant, can costs for a probation officer qualify for a direct line item in the proposal?
- Redevelopment Area Taxes: Does the redirection of property taxes in redevelopment areas have a negative impact on other City or County agencies?
- Doesn the redevelopment agency take money away from the schools and county?
