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6.1 B - Attachment No. 4
<br /> 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� Amount of Levy
<br /> $ $ % $ %
<br /> 2000 13,502,702 13,504,071 100.01 NA 13,504,071 100.01
<br /> 2001 14,940,689 14,840,473 99.33 NA 14,840,473 99.33
<br /> 2002 17,296,568 17,203,409 99.46 NA 17,203,409 99.46
<br /> 2003 18,432,405 18,086,368 98.12 NA 18,086,368 98.12
<br /> 2004 18,623,675 18,497,670 99.32 NA 18,497,670 99.32
<br /> 2005 19,306,928 19,289,656 9991 NA 19,289,656 99.91
<br /> 2006 20,217,010 19,687,100 97.38 NA 19,687,100 97.38
<br /> 2007 21,825,495 21,688,365 99.37 NA 21,688,365 99.37
<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 /> 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 adjustments are
<br /> initiated by the County of San Mateo after the levy has been established.
<br /> Z San Mateo County assesses properties and it bills,collects,and distributes property taxes to all taxing entities including the City.
<br /> Under State law,known as the Teeter Plan,the County remits the entire amount levied for secured property taxes and handles all
<br /> delinquencies,retaining interest and penalties.
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