Bonds & Parcel Taxes
The San Carlos community has passed a number of parcel tax and bond measures to help fund our schools. The School Board has the responsibility to place such measures on the ballot, but the Measures then need to be approved by the voters in any given election.
Parcel taxes are flat amounts levied per real estate parcel (irrespective of appraised value) and the funds generated for such taxes go to the school district general fund for ongoing operating expenses. Parcel taxes must pass with a 2/3 supermajority of voters in favor and are generally in force for a specific term. Beginning with the 2020-21 fiscal year, approximately 8% of SCSD’s General Fund revenue comes from the parcel tax passed by the community in 2020. This funding has become absolutely critical in allowing San Carlos to maintain all of its core programs, fulfill its mission in serving the whole child, and provide an excellent education to all students.
- Measure N - Passed March 2020 for a total of $334.60 per parcel, per year for 8 years.
- Measure P - Passed May 2015 for a total of $246.60 per parcel, per year for 6 years.
Parcel Tax Committee - Accepting Applications Now
On March 3, 2020, the voters of the San Carlos School District (“District”) approved Measure N, which authorized the District to renew and increase the existing parcel tax to $334.60 per parcel for 8 years. Measure N requires the establishment of an independent citizen’s oversight committee (the “Committee”). The committee will oversee expenditures of the special taxes collected pursuant to Measure N and ensure that monies raised are spent only for the purposes described in Measure N.
To be eligible for the Committee, you must be at least 18 years of age and reside within the San Carlos School District's geographic boundaries. Please review the information on the right and submit an application by 4:00 pm on Friday, January 29, 2021.
Senior Citizen Tax Exemption
A Senior Citizen Tax Exemption is available for this parcel tax. In order to receive the exemption for the 2020-2021 property tax bill, the Senior Citizen Tax Exemption form and documentation must be filed in the District Office by 4pm on June 30, 2020. In order to qualify, you must be at least 65 years old on July 1, 2020, the property must be listed as your permanent residence and you have claimed the homeowner’s exemption for this address. Here are the steps to follow:
- Download the attached PDF or pick up an Exemption Claim in the District Office.
- Bring proof of age to the District Office and we will be happy to make a copy in the office. Proof includes driver’s license, MediCare card and birth certificate.
- Bring proof of residence to the District office and we will be happy to make a copy in the office. Proof of residence includes current property tax bill and Homeowner’s Exemption Claim (filed with County Assessor).
The District Office is open 8am – 5pm Monday through Friday and closed for holidays. To find out if the office will be open prior to coming or to have any other questions answered, please call (650) 508-7333.
Bond measures are general obligation bonds backed by ad valorem taxes, meaning they levy a percentage tax based on the assessed value of real estate. As Proposition 39 bonds, the SCSD measures have a cap of $30 levied for each $100,000 in assessed value. Also as Proposition 39 bonds, the measures needed to pass with a 55% supermajority of voters in favor. The District’s Bond rating is AA. To view the ratings, click here.
- Measure H – Passed November 2012 ($72 million cap) – Full Text
- Measure E – Passed November 2005 ($38 million cap) – Full Text
The school district can issue bonds under each measure in various series up to the total cap approved, and proceeds are used for capital projects, including modernization and upgrade of facilities. Measure H was passed to largely support the district’s Facilities Master Plan, including the building of two new schools.
For information on bonds issued under Measure H and Measure E by the District, click here. Information includes bonds outstanding, date of issuance, bond amount, maturity date, interest rate, total debt service and amount due at maturity.
Independent citizens oversight committees ensure that the district spends money as required by its local school funding measures. Click here regarding the Measure H Bond Committee information.
To view the Standards and Poor's General Obligation Ratings, click here.