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MILLS ACT PROPERTY TAX SHARE <br />5 of 20 <br />For the 2025-26 Tax Year: <br />•The savings to Mills Act properties in RWC are ~ $613,000 <br />•The City's Share of lost property tax revenue is ~ $123,000 <br />•Redwood City's Total Property Tax Revenue is ~$83M, or ~ .15% <br />•The School District's Share of lost revenue was ~ $313,000