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Constitutional Tax Limit Reporting Requirements
Presented byAmy McCabe and Carrie SantoroMonitoring and Analysis Unit
Division of Local Government and School Accountability
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Objectives
• Filing Deadlines• Form Concepts• Required Form Elements• Online Filing Application• Common Reporting Errors
Questions and Contact Information
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Filing Deadlines
• Due 10 days prior to budget adoption– Pre‐budget submission not final
• Certified copy of the adopted budget due within 30 days of adoption– 3 methods to submit budget
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Constitutional Tax Limit Filing• Article VIII Section 10 – limits the total amount to be raised by real estate taxes in the fiscal year
• 2% of 5 year average full valuation of taxable real property with counties limited to 1.5%
• Exclusions for certain debt and capital expenditures
• Includes submission of certified copy of adopted budget
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Constitutional Tax Limit ElementsElements Required From Local Government:• Taxable Assessed Value for cities and villages• Counties provide taxable full value• Budget Adoption Date• Tax LevyAdditional Elements Required to Calculate:• Assessment Roll Date• Equalization Rate and Date
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Filing ApplicationOnline Services https://onlineservices.osc.state.ny.us/Enrollment
Tax Limit and Tax Cap
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Online Services Enrollment
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Welcome Page
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Guidance
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Assessing Status Verification
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Taxable Assessed Value
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Assessment Roll Summary
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Taxable Full Value ‐ Counties
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County Full Value Calculation
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Budget Adoption Date and Tax Levy
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County Tax Levy
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County Credits
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Form‐Part I
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Form – Part II
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County Form
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Debt Exclusions
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Debt Not Allowed
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Debt Exclusions Example
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Schedules
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Schedule A
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Schedule A Calculation
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Schedule B
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Schedule B Example
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Schedule C
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Schedule C Example
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Schedule D – Counties
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Schedule Summary
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Total Exclusions
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Form Completed
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Certification
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Certification Summary
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Certification Steps 1 & 2‐ Pre Budget
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Budget Submission ‐ Step 3
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Certification Summary‐ Pre Budget
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Certification Step 4
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Budget Submission Step 5
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Final Certification – Step 6
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Filing Completion
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Common Reporting Errors• Revenue Producing Debt not reported separately
• Schedule A not completed properly• Entries do not agree to budget• Submitting tentative, proposed or incomplete budget
• Revenue required to pay debt not reported on Schedule B
• Schedule C entries not allowable exclusions or can’t be verified to budget
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Questions and Contact Information• LGSA Help Line 866‐321‐8503
– Option 1 – Technical Issues• Tax Limit and Tax Cap
– Option 3 – Monitoring and Analysis Unit– Email: LGSAMonitoring@osc.ny.gov
• Website: OSC/Local Government/Required Reporting/Constitutional Tax Limits Reporting– http://www.osc.state.ny.us/localgov/finreporting/ctl.htm
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Thank You
Office of the State Comptroller Thomas P. DiNapoli
Division of Local Government and School Accountabilitylocaltraining@osc.ny.gov
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