Annual Administration and Reporting

On an annual basis, the special tax levy is calculated according to the Rate and Method of Apportionment (the RMA or “formula”) and billed via the county tax property billing process. The active parcels must be determined and the special taxes allocated to any new parcels. Development status and land use may require review for each parcel. Any annexations must be included. Once the parcel and property data has been determined, rates are updated annually based on a cost of living inflator.

Mandatory reporting is needed, managing payment delinquencies is often required, and continuing bond disclosure may be necessary as part of the overall annual administration process.