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<br />Schedule 5 .,.'
<br />. CITY OF REDWOOD CITV. CALIFORNIA. ' .
<br />ASSESSED:V ALUE AN:D 'ESTIMATED ACTUAL. VALlIE.OJ<' TAXABLE PROPERTY
<br />, Last"Ten:.F;iscal Years :
<br />
<br />Real Property
<br />
<br />.. Personal Propertv
<br />;.: Less:
<br />Tax Exempt:.
<br />Property
<br />.$
<br />
<br />Total Tua~le
<br />A~sessed .
<br />Value
<br />. $.,
<br />
<br />, FisCal
<br />Year
<br />
<br />. ~oca~ly , .
<br />. .., Assessed .
<br />$..
<br />
<br />State
<br />Assessed'
<br />$
<br />
<br />Locally, .
<br />Assessed:' '
<br />. $.:
<br />
<br />1999 '8.04 7 ,528 , 6;629.941,695, . : 543.064,990 : 29~,473.496 : 6;882,580,711
<br />2000 7.011,450 ,7,375.708,852' : 530;370.943. 3i4~2i3, 746 . ' . 7.588,867,499 ..
<br />.200.1' 6,974.964 . 8.116.944.482 j708.711~1 16.: . ,345.0.14.672 8,487,615.890'.
<br />2002 7.017.276:: 9,340,051 ;644 ' 916~8~8.406 31,9.737.483 9.944.~59.843
<br />2003, lO.629j094 . .10,175,.860,103 808.748,351 -322;381 ,546 1 O~672;856~OO2
<br />2004 1'1.266.243 10,467.97 1.049. .669,230.156 -349,724.840 10,798.742.608.
<br />200S . : 11 i069.324 W.918.316,191 577,J89,796 .358.123.641 . 11,208,451.670
<br />2006 :' , 4..454,190 1'1,577.635,719' · 527.383,17J : . .365,930:,032 1l.743,543.048 .
<br />2007 4.342.5()6 12.521'.555.794 579.933,721 441,803.730 '12.664,028,291 '
<br />2008., 5,003,014, 13.611.991,606 586.03 t ,204 541,024,340. . 13t722,~01.484
<br />: :
<br />
<br />.~ Increase!
<br />i (Decrease)
<br />Over Prior Year
<br />%
<br />
<br />.1.2.97
<br />10.26
<br />U.84
<br />17.16
<br />.7.33
<br />1.18
<br />.3.79
<br />4.77
<br />7.84
<br />,8.35
<br />
<br />'.Effective
<br />Direct 'Tax.:
<br />Rate
<br />%
<br />
<br />02368
<br />0.2378
<br />0.2380
<br />0.2419
<br />0.2389
<br />0.2420
<br />0.2429
<br />0.2389
<br />0.2420
<br />0.2439
<br />
<br />Note: In ,19~8 the voters of the, Sta~e (~f Ca1ifo~i~ passed Proposition :13 which limited basic:pr6perty taX to a totaf'maximum .
<br />. (ate of 100el based u.poinhe assessed '(a1ue.oflbe properly :being".f8;-"ed, Each year. th~:ass~sed value. of property may be incrc~'Cd
<br />by an:, '!inflati~n' ra~.of" (iimited tp a .maximum of' 2%)., With. few exceptions. pr()pi::ri:y is:only reassessed. at the time t~al it ,is :sold.: .
<br />to a neW .o~er. At thai.point, ~he new assessed value is the purchase price~ TIle estimated market value of taxable property is
<br />. : not available. . . . ...
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<br />. The amoun.l show, ,n abovc:includes assessed:~aluc da~ for.boththe city and the~edevelopmenfAgency..;
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<br />. , : , SO~JI'ce:" S~ Mateo CountyA.,ssessors records
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