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<br />EXHIBIT 2 <br />TAX RATE ASSUMPTIONS <br />CITY OF REDWOOD CITY <br />2004 <br /> <br />Type of Tax <br /> <br />Tax Rate <br /> <br />Property Tax (1) <br />Rate <br />Redwood City Share (of the 1.0%) <br />Redwood City School District <br />Sequoia Unified School District <br /> <br />1.00% <br />0.2012% <br />0.2240% <br />0.1480% <br /> <br />Sales and Use Tax (2) <br />Total Tax Rate <br />Redwood City Rate <br /> <br />8.25% <br />1.0% <br /> <br />Utility Users' Tax (3) <br />Rate <br /> <br />5.0% <br /> <br />Notes: <br />(1) Data provided by the San Mateo County Assessor's Office, based on 2004 property tax <br />data. Reflective of tax rate area 09-016. <br />(2) Data provided by the California State Board of Equalization, effective July 1, 2004. <br />(3) A utility users' tax is imposed upon all intrastate telephone services, electricity, and gas <br />use in the Redwood City. For the purpose of this analysis the Utility Users' Tax will be <br />applied to electric and gas consumption only. <br /> <br />Sources: California State Board of Equalization; San Mateo County Assessor's Office; City <br />of Redwood City; and CBRE Consulting. <br />Q:\projects\2004\ 1004150 Stanford Hosp. Redwood City\ Working <br />Docs\Fiscal Benefit\[Stanford Fiscal6 .xls 1 Ex 1 [JBl 27 -Sep-05 <br /> <br />~ <br /> <br />, <br /> <br /> <br />~ <br />