Good Morning,
Attached is a copy of the 2020-21 J-29 P-2 Property Tax Summary.
There were a number of contributing factors to the adjustments seen in the P-2 Property Tax Report.
1. ERAF amount increased from last period (2020-21 P-1) by 6.03%. 2. Prior Year Taxes: An Assessment Appeal settlement in favor of United Alliance Launch (UAL) resulted in a large Unsecured Prior Year Refund of approximately $11.8 million, of which $6.8 million was impound and released. 3. Impound Release: Assessment Appeals Cases Settled for: United Launch (Tax Years 2014-15 to 2017-18), Fairway BB (Tax Years 2015-16 to 2017-18), and Exxon (Tax Years 2016-17 to 2017-18). 4. Supplemental: Increase in projected revenue due to back log processed late in the fiscal year. Levy amounts were unknown at the time of P-1 preparation. 5. Cuyama: P-1 Supplemental estimate was over estimated due to using a prior year actuals as an estimate. Their SOB factor for 2020-21 was much lower in 2019-20 due to a significant decrease in ADA for 20-21.
Please contact Todd Humphreys (thumphreys@sbceo.org<mailto:thumphreys@sbceo.org> or 805-964-4711 x5372) if you have any questions.
Regards, School Business Advisory Services Team Santa Barbara County Education Office
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2020-21-J-29-P-2-Summary-by-Column-District.pdf