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Assessed values compared to prior fiscal years q -A 3 <br />2000 -01 2001 -02 2002 -03 2003 -04 Decr /Incr <br />_ Land <br />$454,239,270 $605,586,412 <br />$498,390,162 $517,048,912 <br />3.74% <br />Improvement <br />479,383,750 525,304,000 <br />532,357,750 548,847,750 <br />3.10% <br />Total <br />$933,623,020 $1,130,890,412 <br />$1,030,747,912 $1,065,896,662 <br />3.41% <br />The assessed values represent 25% of the adjusted appraised value of $4,263,586,647 <br />(+) <br />�') The bond agreement specifies that assessed value is 25% of the full cash value of the property. <br />Assessed Values by Type <br />As percent of total valuation <br />Residential Commercial Vacant Land <br />1993 -1994 <br />60.8 <br />31.8 <br />7.3 <br />1994 -1995 <br />58.9 <br />33.3 <br />7.8 <br />1995 -1996 <br />58.3 <br />35.4 <br />6.3 <br />1996 -1997 <br />59.8 <br />35.2 <br />5.0 <br />1997 -1998 <br />54.7 <br />37.8 <br />7.5 <br />1998 -1999 <br />56.8 <br />39.4 <br />3.8 <br />1999 -2000 <br />57.7 <br />40.3 <br />2.0 <br />2000 -2001 <br />57.1 <br />41.2 <br />1.7 <br />2001 -2002 <br />60.6 <br />38.7 <br />.7 <br />2002 -2003 <br />60.25 <br />39.4 <br />.35 <br />2003 -2004 <br />62.93 <br />36.73 <br />.34 <br />A copy of the appraisal report has been sent to each council member for review. <br />Brian Ponty <br />District Assessor <br />(Finance Director) <br />Alison Freeman <br />Financial Services Manager <br />?�� 'Ed aEverett <br />City Manager <br />