Allows county treasurers to recover costs for billing, collecting, and distributing property taxes from taxing districts.
This bill authorizes county treasurers to set a cost recovery fee for the billing, collection, and distribution of property taxes. The fee is calculated based on prior year actual costs, excluding the first $50,000 of the district's aggregate collections. The fee cannot exceed one percent of the district's tax roll for counties larger than 250,000 and two percent for smaller counties. The recovered costs must be credited to the county treasurer's cost recovery fund and used for ongoing operations. The county treasurer must inform the affected taxing districts of the fee by September 1st.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.