|
Schedule 5
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br />Last Ten Fiscal Years
<br />Real Property Personal Property
<br />Less:Total Taxable % Increase/Effective
<br />Fiscal State Locally Locally Tax Exempt Assessed (Decrease)Direct Tax
<br />Year Assessed Assessed Assessed Property Value Over Prior Year Rate*
<br />$$$$$%%
<br />2008 5,003,014 13,671,991,606 586,031,204 541,024,340 13,722,001,484 8.35 0.2439
<br />2009 5,003,014 14,734,164,661 676,178,812 642,703,087 14,772,643,400 7.66 0.2350
<br />2010 5,003,014 14,885,525,123 757,610,502 664,018,869 14,984,119,770 1.43 0.2397
<br />2011 5,003,014 14,673,871,469 770,364,641 704,940,601 14,744,298,523 (1.60)0.2373
<br />2012 1,466,946 14,712,120,582 674,899,038 646,459,575 14,742,026,991 (0.02)0.2030
<br />2013 1,466,946 15,154,966,352 763,901,657 766,118,316 15,154,216,639 2.80 0.2101
<br />2014 1,466,946 16,187,528,735 785,538,767 726,787,642 16,247,746,806 7.22 0.1921
<br />2015 1,466,946 17,089,497,213 816,665,290 791,008,571 17,116,620,878 5.35 0.1920
<br />2016 1,591,555 18,644,533,868 801,908,976 731,483,833 18,716,550,566 9.35 0.1944
<br />2017 1,591,555 20,475,454,077 844,061,306 758,856,031 20,562,250,907 9.86 0.1930
<br /> California to the Educational Revenue Augmentation Fund used to support K-14 education.
<br />Source: San Mateo County Assessor's records
<br />* The direct tax rate calculation does not include the property tax amount that is shifted from local agencies by the State of
<br />The amount shown above includes assessed value data for both the City and the Successor Agency to the former Redevelopment Agency.
<br />Note: In 1978 the voters of the State of California passed Proposition 13 which limited basic property tax to a total maximum rate of 1%
<br />based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation
<br />factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that
<br />point, the new assessed value is the purchase price. The estimated market value of taxable property is not available.
<br />134
<br />6.1.E. - Page 157
|