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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />STATE AND LOCALLY ASSESSED VALVES OF TAXABLE PROPERTY
<br />Last Ten Fiscal Years
<br />
<br />Table 4
<br />
<br /> Real Property (1) Personal Property
<br /> Deduct Total Value of % Increase/
<br />Fiscal State Locally Locally Property Property Subject (Decrease)
<br />Year Assessed Assessed Assessed Exemptions to Tax Rate Over Prior Year
<br /> $ $ $ $ $ %
<br />1995 21,339,117 5,144,911,382 398,701,676 218,794,076 5,346,158,099 2.03
<br />1996 11,051,599 5,300,749,292 456,829,524 225,039,204 5,543,591,211 3.60
<br />1997 10,952,053 5,575,320,400 454,208,222 228,453,097 5,812,027,578 4.85
<br />1998 11,113,821 5,886,934,229 458,777,977 264,246,019 6,092,580,008 4.83
<br />1999 8,047,528 6,629,941,695 543,064,990 298,473,496 6,882,580,717 12.97
<br />2000 7,011,450 7,375,708,852 530,370,943 324,223,746 7,588,867,499 10.26
<br />2001 6,974,964 8,116,944,482 708,711,116 345,014,672 8,487,615,890 11.84
<br />2002 7,017,276 9,340,051,644 916,828,406 319,737,483 9,944,159,843 17.16
<br />2003 10,629,094 10,175,860,103 808,748,351 322,381,546 10,672,856,002 7.33
<br />2004 11,266,243 10,467,971,049 669,230,156 349,724,840 10,798,742,608 1.18
<br />Note:
<br />(1) Article XIII-A of the California State Constitution defines the value of real estate for purposes of taxation as the county assessor's
<br />valuation for 1975-76, and thereafter as the appraised value of new construction or other property when a change of ownership
<br />has occurred. The value may be adjusted annually at the rate of the consumer price index, not to exceed 2%. As a result,
<br />assessed values do not reflect market value.
<br />
<br />Source: San Mateo County Assessor's records
<br />
<br />Total Value of Property Subject to Tax
<br />
<br />12,000,000,000
<br />
<br />8,000,000,000
<br />
<br />
<br />10,000,000,000
<br />
<br />6,000,000,000
<br />
<br />4,000,000,000
<br />
<br />2,000,000,000
<br />
<br />0
<br />
<br />1995
<br />
<br />1996
<br />
<br />1997
<br />
<br />1998
<br />
<br />1999
<br />
<br />2000
<br />
<br />2001
<br />
<br />2002
<br />
<br />2003
<br />
<br />2004
<br />
<br />94
<br />
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