Ballot Proposition No. 2 – Providing Some Clarity on Rates
This just in from the SJ County Newsflash wire…
Ballot Proposition No. 2 is asking voters to continue an existing levy lid lift first approved by voters in 2009 and renewed in 2014. The current voter approved levy lid lift costs property owners 16 cents per $1,000 of assessed value in 2019. Ballot Prop. No. 2 is asking the voters to approve 22 cents per $1,000 of assessed value for 2020. An increase of 6 cents per $1,000 of assessed value.
Under Prop. 2, the TOTAL current expense property tax levy would be 85 cents per 1,000 assessed value in 2020. The TOTAL of 85 cents per $1,000 of assessed value is derived by adding together 22 cents (Prop. 2 voter approved portion) + 63 cents (base levy).
Please refer to the County’s website, sanjuanco.com, to find a number of resources including a Property Calculator that calculates the difference in what one currently pays versus what one might pay under Prop. 2.