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Personal Property % Increase/
<br />Less: Total Taxable (Decrease) Effective
<br />Fiscal State Locally Locally Tax Exempt Assessed Over Direct
<br />Year Assessed Assessed Assessed Property Value Prior Year Tax Rate1
<br />2025 2,273,650$ 33,752,638,714$ 1,502,903,620$ 2,107,674,536$ 33,150,141,448$ 3.31% 0.1906
<br />2024 1,818,920 32,427,276,504 1,747,243,642 2,089,050,927 32,087,288,139 5.75% 0.1905
<br />2023 1,818,920 30,879,739,340 1,365,927,457 1,904,950,881 30,342,534,836 7.37% 0.1905
<br />2022 1,818,920 28,675,950,742 1,281,058,445 1,699,532,680 28,259,295,427 3.15% 0.1904
<br />2021 1,818,920 27,566,263,855 1,277,695,321 1,448,711,548 27,397,066,548 7.82% 0.1684
<br />2020 1,818,920 25,835,418,178 894,770,528 1,321,568,277 25,410,439,349 6.91% 0.1731
<br />2019 1,591,555 23,987,541,814 839,857,951 1,060,343,422 23,768,647,898 6.52% 0.1731
<br />2018 1,591,555 22,264,350,439 803,417,774 754,963,061 22,314,396,707 8.52% 0.1819
<br />2017 1,591,555 20,475,454,077 844,061,306 758,856,031 20,562,250,907 9.86% 0.1930
<br />2016 1,591,555 18,644,533,868 801,908,976 731,483,833 18,716,550,566 9.35% 0.1944
<br />Source: San Mateo County Assessor's records via HdL Reports
<br />1 The direct tax rate calculation does not include the property tax amount that is shifted from local agencies by the State of California to the
<br />Educational Revenue Augmentation Fund used to support K-14 education.
<br />City of Redwood City
<br />Assessed Value and Estimated Actual Value of Taxable Property
<br />Last Ten Fiscal Years
<br />Note: In 1978 the voters of the State of California passed Proposition 13 which limited basic property tax to a total maximum rate of 1% based
<br />upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a
<br />maximum of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value
<br />is the purchase price. The estimated market value of taxable property is not available.
<br />The amount shown above includes assessed value data for both the City and the Successor Agency to the former Redevelopment Agency.
<br />Real Property
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<br />7.C. - Page 249 of 269
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