Thursday, May 17, 2012

CALIFORNIA LOCAL GOVERNMENT FINANCE ALMANAC DATA ...

ABSTRACT:? California Local Government Finance Almanac data including Tables featuring California City (Monterey County) Sales & Use Tax Rates, Transient Occupancy Tax Rates and Property Tax Revenues Per Resident (2008-09) & Property Tax Revenues Per Resident?Carmel-by-the-Sea (1991-92 through 2008-09) and Loss of City Vehicle License Fee (VLF) Revenues Due to SB89 (2011) Estimated FY2011-12 Impact are presented; an ADDENDUM of links to municipal finance resources is provided.

CaliforniaCity (MontereyCounty)

Sales & Use Tax Rates, Transient Occupancy Tax Rates & Property Tax Revenues Per Resident (2008-09)

Data Last Updated: 5/7/2012

CITY

Property Tax Revenues/Resident (2008-09)

7.250%

7.250%

7.250%

Carmel-by-the-Sea

7.250%

10.0%

1,007

Del Rey Oaks

8.250%

10.0%

?? 262

8.250%

12.0%

?? 124

7.250%

10.0%

?? 208

8.250%

10.0%

?? 262

7.250%

7.750%

10.0%

???? 91

7.750%

?? 298

8.250%

12.0%

???? 51

NOTES:

Sales & Use Tax Rates

  • Of 37 cities/areas in MontereyCounty, thirty-one cities/areas have sales tax rate of 7.250%, including Carmel, two cities (Salinas and SandCity) have sales tax rate of 7.750% and four cities (Del Rey Oaks, Marina, Pacific Grove and Seaside) have sales tax rate of 8.250 %?

Transient Occupancy Tax Rates ? California Cities (March 2011)

  • Total 431 cities, mean 9.6%, maximum 15.0%, minimum 3.5%, median 10.0%.
  • Only one city, Anaheim, has a TOT of 15.0%.
  • Six cities have a TOT of 14.0%, including Beverly Hills, Inglewood, Los Angeles, Oakland, San Francisco and Santa Monica.?
  • Tourist Destination Cities:
Calistoga, Heraldsburg, St. Helena,Yountville @ 12.0%

Carpinteria, Hermosa Beach, Huntington Beach, Laguna Beach, Manhattan Beach, Monterey, Newport Beach, Ojai @ 10.0%

  • Monterey Peninsula Cities
? ? ? Marina & Seaside @ 12.0%

Carmel, Del Rey Oaks, Monterey, Pacific Grove, Salinas @ 10.0%

Property Tax Revenues Per Resident?Carmel-by-the-Sea (1991-92 through 2008-09)

Fiscal Year

Property Tax Revenues Per Resident

1991-92

?293

1992-93

?270

1993-94

?281

1994-95

?295

1995-96

?303

1996-97

?313

1997-98

?329

1998-99

?351

1999-2000

?409

2000-01

?503

2001-02

?555

2002-03

?602

2003-04

?703

2004-05

?728

2005-06

?829

2006-07

?919

2007-08

?957

2008-09

1,007


Estimated FY2011-12 Impact
Lost Motor Vehicle License Fee (Total)

?SOURCE:

ADDENDUM:

You pay fees and taxes to government but . . . How much goes to cities? How do they spend it?

Property Tax: How much goes to your city? 21%

Sales Tax: For each taxable dollar you spend, you pay sales tax to $ 0.01 (13%)

Vehicle License & Registration Fees Where do they go?? Cities 3%

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