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<br /> 1.f3~1- <br /> (land value $350,000 and improvement value $430,000), the total tax would be as shown <br /> below: <br /> 2003-04 2004-05 jncr/(pecr) <br /> $ $ $ % <br /> Reclamation Bonds Assessment 111.30 108.59 (2.71) (2.43) <br /> F aci/ities Bonds Assessment 223.65 242.78 19.13 8.55 <br /> Total 334.95 351.37 16.42 4.90 <br /> It should be noted that Reclamation Bond debt service is levied on land only while Facility <br /> Bond debt service is levied on both land and improvements. The bonds are a general <br /> obligation of the General Improvement District No. 1-64 and will mature on July 1,2008. <br /> They are payable from taxes levied only within the district boundaries. <br /> Bond taxes have been levied on the basis of an annual tax roll developed strictly for the <br /> General Improvement District No. 1-64 each year since the 1968-69 fiscal year. The <br /> amount of district taxes is calculated by the District Tax Collector and is collected by San <br /> Mateo County at the same time and on the same bill as other city, county and special <br /> district taxes. <br /> The required total tax is computed as follows: <br /> Reclamation Facility <br /> Bonds Bonds <br /> Gross Bond Service <br /> Principal $530,000 $1,090,000 <br /> Interest 53,325 185,375 <br /> District Assessment 21,200 29,300 <br /> Other Bond Service Costs 50.266 50.229 <br /> Total Expenses 654,791 1,354,904 <br /> Ded uct <br /> Interest Earnings (10,000) <br /> <br /> Amount to be levied ~ ~ <br /> J71E; ~/ - <br /> Alison Freeman <br /> District Assessor Financial Services Manager <br /> (Finance Director) <br /> . <br />