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Schedule 8
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPERTY TAX LEVIES AND COLLECTIONS
<br />Last Ten Fiscal Years
<br />Collected within the
<br />Taxes Levied Fiscal Year of the Levy Total Collections
<br />Fiscal for the Percentage Delinquent Percentage
<br />Year Fiscal Year Amount 1 of Levy Tax Collections 2 Amount of Levy
<br />$$%$%
<br />2008 23,599,098 23,230,333 98.44 NA 23,230,333 98.44
<br />2009 25,185,881 24,732,667 98.20 NA 24,732,667 98.20
<br />2010 25,402,023 25,081,429 98.74 NA 25,081,429 98.74
<br />2011 25,027,079 24,734,718 98.83 NA 24,734,718 98.83
<br />2012 25,004,405 24,713,562 98.84 NA 24,713,562 98.84
<br />2013 25,724,570 25,478,547 99.04 NA 25,478,547 99.04
<br />2014 27,363,041 27,345,209 99.93 NA 27,345,209 99.93
<br />2015 28,944,353 28,862,898 99.72 NA 28,862,898 99.72
<br />2016 31,236,465 31,170,596 99.79 NA 31,170,596 99.79
<br />2017 33,650,661 33,580,370 99.79 NA 33,580,370 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 />2 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.
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<br />6.1.E. - Page 160
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