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6.1 B
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<br /> Schedule 5
<br /> CITY OF REDWOOD CITY, CALIFORNIA
<br /> ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br /> Last Ten Fiscal Years
<br /> Real Property Personal Property
<br /> Less: Total Taxable `Yo Increase/ Effective
<br /> Fiscal State Locally Locally Tax Exempt Assessed (Decrease) Direct Tax
<br /> Year Assessed Assessed Assessed Property Value Over Prior Year Rate
<br /> $ $ $ $ $ �o �o
<br /> 2001 6,974,964 8,116,944,482 708,711,116 345,014,672 8,487,615,890 11.84 0.2380
<br /> 2002 7,017,276 9,340,051,644 916,828,406 319,737,483 9,944,159,843 17.16 0.2419
<br /> 2003 10,629,094 10,175,860,103 808,748,351 322,381,546 10,672,856,002 7.33 0.2389
<br /> 2004 11,266,243 10,467,971,049 669,230,156 349,724,840 10,798,742,608 1.18 0.2420
<br /> 2005 11,069,324 10,978,316,191 577,189,796 358,123,641 11,208,451,670 3.79 0.2429
<br /> 2006 4,454,190 11,577,635,719 527,383,171 365,930,032 11,743,543,048 4.77 0.2389
<br /> 2007 4,342,506 12,521,555,794 579,933,721 441,803,730 12,664,028,291 7.84 0.2420
<br /> ', 2008 5,003,014 13,671,991,606 586,031,204 541,024,340 13,722,001,484 8.35 0.2439
<br /> 2009 5,003,014 14,734,164,661 676,178,812 642,703,087 14,772,643,400 7.66 0.2350
<br /> 2010 5,003,014 14,885,525,123 757,610,502 664,018,869 14,984,119,770 1.43 0.2397
<br /> Note: In 1978 the voters of the State of California passed Proposition 13 which limited basic property tax to a total maximum
<br /> rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increasec
<br /> by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed at the time that it is sold
<br /> to a new owner. At that point, the new assessed value is the purchase price. The estimated market value of taxable property i<.
<br /> not available.
<br /> The amount shown above includes assessed value data for both the City and the Redevelopment Agency.
<br /> Source: San Mateo County Assessor's records
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