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6.1.D. - Page 164
<br />Schedule 8
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPERTY TAX LEVIES AND COLLECTIONS
<br />Last Ten Fiscal Years
<br />Source: Audited City financial records - general fund
<br />1 Amount collected is less than levy as refunds are deducted from the current year tax apportionment and tax roll
<br />adjustments are initiated by the County of San Mateo after the levy has been established.
<br />Z San Mateo County assesses properties and bills, collects, and distributes property taxes to all taxing entities
<br />including the City. Under State law, known as the Teeter Plan, the County remits the entire amount levied for secured
<br />property taxes and handles all delinquencies, retaining interest and penalties.
<br />137
<br />Collected within the
<br />Taxes Levied
<br />Fiscal Year of the Levy
<br />Total Collections
<br />Fiscal
<br />for the
<br />Percentage
<br />Delinquent
<br />Percentage
<br />Year
<br />Fiscal Year
<br />Amount 1
<br />of Levy Tax Collections z
<br />Amount
<br />of Levy
<br />2007
<br />21,825,495
<br />21,688,365
<br />99.37
<br />NA
<br />21,688,365
<br />99.37
<br />2008
<br />23,599,098
<br />23,230,333
<br />98.44
<br />NA
<br />23,230,333
<br />98.44
<br />2009
<br />25,185,881
<br />24,732,667
<br />98.20
<br />NA
<br />24,732,667
<br />98.20
<br />2010
<br />25,402,023
<br />25,081,429
<br />98.74
<br />NA
<br />25,081,429
<br />98.74
<br />2011
<br />25,027,079
<br />24,734,718
<br />98.83
<br />NA
<br />24,734,718
<br />98.83
<br />2012
<br />25,004,405
<br />24,713,562
<br />98.84
<br />NA
<br />24,713,562
<br />98.84
<br />2013
<br />25,724,570
<br />25,478,547
<br />99.04
<br />NA
<br />25,478,547
<br />99.04
<br />2014
<br />27,363,041
<br />27,345,209
<br />99.93
<br />NA
<br />27,345,209
<br />99.93
<br />2015
<br />28,944,353
<br />28,862,898
<br />99.72
<br />NA
<br />28,862,898
<br />99.72
<br />2016
<br />31,236,465
<br />31,170,596
<br />99.79
<br />NA
<br />31,170,596
<br />99.79
<br />Source: Audited City financial records - general fund
<br />1 Amount collected is less than levy as refunds are deducted from the current year tax apportionment and tax roll
<br />adjustments are initiated by the County of San Mateo after the levy has been established.
<br />Z San Mateo County assesses properties and bills, collects, and distributes property taxes to all taxing entities
<br />including the City. Under State law, known as the Teeter Plan, the County remits the entire amount levied for secured
<br />property taxes and handles all delinquencies, retaining interest and penalties.
<br />137
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