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<br />7A <br />Page 3 <br /> <br />Assessed values compared to prior fiscal years <br /> <br />2003-04 <br /> <br />2004-05 <br /> <br />2005-06 <br /> <br />2006-07 <br /> <br />(Decr)lIncr <br /> <br />Land $517,048,912 $523,470,912 $595,413,162 $ 684,189,412 14.91% <br />Improvements 548,847,750 571.039,000 585,147,750 611,662,750 4.53% <br />Total $1,065,896,662 $1,094,509,912 $1,180,560,912 $1,295,852,162 9.77% <br /> <br />The assessed values represent 25% of the adjusted appraised value of <br />$ 3 (1) <br />5,18 ,408,647 . <br /> <br />(1) The bond agreement specifies that assessed value is 25% of the full cash value of the property. <br /> <br /> Assessed Values by Type <br /> As percent of total valuation <br /> <br /> Residential Commercial Vacant Land <br />1996-1997 59.8 35.2 5.0 <br />1997-1998 54.7 37.8 7.5 <br />1998-1999 56.8 39.4 3.8 <br />1999-2000 57.7 40.3 2.0 <br />2000-2001 57.1 41.2 1.7 <br />2001-2002 60.6 38.7 .7 <br />2002-2003 60.25 39.4 .35 <br />2003-2004 62.93 36.73 .34 <br />2004-2005 63.76 35.90 .34 <br />2005-2006 70.40 29.32 ,28 <br />2006-2007 68.68 31.03 .29 <br /> <br />A copy of the appraisal report has been sent to each council member for review, <br />and a copy is available in the office of the City Clerk. <br /> <br />111f~ <br /> <br />Brian Panty <br />District Assessor <br />(Finance Director) <br /> <br />~»~ ~ .::> <br /> <br />------""-" <br /> <br /> <br />Alison Freeman <br />Financial Services Manager <br />