AgdaPkt 2003-07-14 - Laserfiche WebLink

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I () .z house with an appraised value of $650,000 in January 2002 (land value $300,000 and improvement value $350,000) and a current appraised value of $700,000 in January 2003 (land value $350,000 and improvement value $350,000), the total tax would be as shown below: It should be noted that Reclamation Bond debt service is levied on land only while Facility Bonds are levied on both land and improvements. The bonds are a general obligation of the General Improvement District No. 1-64. They are payable from taxes levied only within the district boundaries. Bond taxes have been levied on the basis of an annual tax roll developed strictly for the General Improvement District No. 1 -64 each year since the 1968 -69 fiscal year. The amount of district taxes is calculated by the District Tax Collector and is collected by San Mateo County at the same time and on the same bill as other city, county and special district taxes. The required total tax is computed as follows: Gross Bond Service Principal Interest District Assessment Other Bond Service Costs Total Expenses Deduct Interest Earnings Amount to be levied f / 7 1 - 1" onty District Assessor (Finance Director) Reclamation 2002 -03 2003 -04 Incr /(Decr) Reclamation Bonds Assessment $ 102.15 $ 111.30 $ 9.15 8.96 Facilities Bonds Assessment 220.84 223.65 2.81 1.27 Total 322.99 334.95 11.96 3.70 It should be noted that Reclamation Bond debt service is levied on land only while Facility Bonds are levied on both land and improvements. The bonds are a general obligation of the General Improvement District No. 1-64. They are payable from taxes levied only within the district boundaries. Bond taxes have been levied on the basis of an annual tax roll developed strictly for the General Improvement District No. 1 -64 each year since the 1968 -69 fiscal year. The amount of district taxes is calculated by the District Tax Collector and is collected by San Mateo County at the same time and on the same bill as other city, county and special district taxes. The required total tax is computed as follows: Gross Bond Service Principal Interest District Assessment Other Bond Service Costs Total Expenses Deduct Interest Earnings Amount to be levied f / 7 1 - 1" onty District Assessor (Finance Director) Reclamation Facility Bonds Bonds $515,000 $1,035,000 83,900 250,475 21,200 29,300 47,776 47,739 667,876 1,362,514 (10,000) $657,876 $1,362,514 Alison freeman Financial Services Manager ward . Everett City Manager