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6.A. - Page 177 of 191
<br />Schedule 8
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPERTY TAX LEVIES AND COLLECTIONS
<br />Last Ten Fiscal Years
<br />Taxes Levied
<br />Fiscal for the
<br />Year Fiscal Year
<br />Collected within the
<br />Fiscal Year of the Levy
<br />2010
<br />25,402,023
<br />2011
<br />25,027,079
<br />2012
<br />25,004,405
<br />2013
<br />25,724,570
<br />2014
<br />27,363,041
<br />2015
<br />28,944,353
<br />2016
<br />31,236,465
<br />2017
<br />33,650,661
<br />2018
<br />35,664,083
<br />2019
<br />37,659,043
<br />Collected within the
<br />Fiscal Year of the Levy
<br />Source: Audited City financial records - general fund
<br />Total Collections
<br />Amount
<br />$
<br />25,081,429
<br />24,734,718
<br />24,713,562
<br />25,478,547
<br />27,345,209
<br />28,862,898
<br />31,170,596
<br />33,580,370
<br />35,757,150
<br />37,595,784
<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. Amount collected could
<br />be more than the levy if prior fiscal year revenues are received in the next fiscal year.
<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 />Percentage
<br />of Levy
<br />98.74
<br />98.83
<br />98.84
<br />99.04
<br />99.93
<br />99.72
<br />99.79
<br />99.79
<br />100.26
<br />99.83
<br />149 184
<br />Delinquent
<br />Percentage
<br />Tax
<br />Amount 1
<br />of Levy
<br />Collections Z
<br />25,081,429
<br />98.74
<br />NA
<br />24,734,718
<br />98.83
<br />NA
<br />24,713,562
<br />98.84
<br />NA
<br />25,478,547
<br />99.04
<br />NA
<br />27,345,209
<br />99.93
<br />NA
<br />28,862,898
<br />99.72
<br />NA
<br />31,170,596
<br />99.79
<br />NA
<br />33,580,370
<br />99.79
<br />NA
<br />35,757,150
<br />100.26
<br />NA
<br />37,595,784
<br />99.83
<br />NA
<br />Source: Audited City financial records - general fund
<br />Total Collections
<br />Amount
<br />$
<br />25,081,429
<br />24,734,718
<br />24,713,562
<br />25,478,547
<br />27,345,209
<br />28,862,898
<br />31,170,596
<br />33,580,370
<br />35,757,150
<br />37,595,784
<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. Amount collected could
<br />be more than the levy if prior fiscal year revenues are received in the next fiscal year.
<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 />Percentage
<br />of Levy
<br />98.74
<br />98.83
<br />98.84
<br />99.04
<br />99.93
<br />99.72
<br />99.79
<br />99.79
<br />100.26
<br />99.83
<br />149 184
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