This levy is used to create the tax bills mailed by the Tax Collector.
The Auditor's Office must calculate tax rates on voter approved debt taking into account debt service amounts, multiply these rates times assessed values and add any direct charges sent to us by taxing entities. Individuals resident in British Columbia on 31 December 2019 with taxable income up to 20,189 generally pay no provincial income tax as a result of a low-income tax reduction. C corporations, or traditional corporations, pay the corporate tax of 8.84 or AMT of 6.65, depending on whether they claim net taxable income.6 For example, a. This is called a progressive (or graduated) tax system, where low-income earners are taxed at a lower percentage than high-income earners. In California, state income taxes are generally among the highest in the country, but the burden is spread among different segments of the population. One of the main functions of the Auditor's Office is to prepare the levy for all taxable properties in the County once assessed values have been provided by the Assessor's Office. The more money you make, the more taxes you pay.
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