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The Remittance Advice is a statement of tax increment revenue deposited into the Redevelopment Property Tax Trust Fund (RPTTF) and how the RPTTF funds are distributed to SAs and other ATEs. Estimated RPTTF Distribution Remittance Advice is published in October and April and Actual RPTTF Distribution Remittance Advice is published in January and June. Key…

Prior to January 1, 1994, taxing agencies may negotiate pass-through revenue with a CRA, before a project is adopted, and elect to receive the annual inflationary increases in assessed valuation (up 2%). Annual inflationary increases in assessed valuation that have been negotiated through a pass-through agreement supersede any election provisions. In addition, per Santa Ana…

The AB1290 reimbursement is calculated as follows: Tier one (year 1 – Last fiscal year Agency receives tax increment) = 20% of Gross Tax Increment. Tier two (year 11 – Last fiscal year Agency receives tax increment) = 16.8% of Gross Tax Increment in addition to Tier one. Year 10 is the adjusted base year.…

The limitations for AB1290 projects are as follows: Post 1994 Projects pursuant to H&S Code Section 33607.5: Incurring Debt – 20 years from Plan adoption. Redevelopment Activities – 30 years from Plan adoption. Time for Receipt of Tax Increment – 45 years from Plan adoption. Eminent domain – 12 years from Plan adoption (may be…

AB 1290 is the Community Redevelopment Law Reform Act of 1993, which became effective on January 1, 1994. Among many of the changes enacted by AB 1290 was the elimination of tax sharing agreements and implementation of statutory reimbursement to all taxing entities. Mandatory reimbursement payment is required for projects adopted or amended on or…

State law requires twenty percent (20%) of gross TI revenue to be set aside to the low moderate housing fund by a CRA to improve the quality and/or quantity of affordable housing for persons of low and moderate income is standard.

No. Tax Increment revenue is deposited into the Redevelopment Property Tax Trust Fund (RPTTF) throughout the year. Successor Agencies must request RPTTF funds on an itemized Recognized Obligation Payment Schedule (ROPS). The California Department of Finance (DOF) will review and authorize RPTTF amounts to pay for individual items. RPTTF funds will be distributed twice a…

Tax increment is deposited into the Redevelopment Property Tax trust Fund (RPTTF) almost monthly.  The deposited RPTTF funds are distributed on January 2nd and June 1st of each year or the next business day when those dates fall on a weekend or a holiday. View the CRA RPTTF Distribution Schedule.

When the redevelopment project area is adopted, the current assessed values within the project area are designated as the “base year” and includes the assessed value of all land and improvements within the boundaries of the project area. After plan adoption, all the taxes paid on this “base year” assessment go to the city, county,…

There are 88 city agencies, 25 water districts, 19 special districts and a total of 595 1% general levy agency accounts that exist in the property tax system.