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6.1. B. - Page 139
<br /> Schedule 8
<br /> CITY OF REDWOOD CITY, CALIFORNIA
<br /> PROPERTY TAX LEVIES AND COLLECTIONS
<br /> Last Ten Fiscal Years
<br /> Collected within the
<br /> Taxes Levied Fiscal Year of the Levy Total Collections
<br /> Fiscal forthe Percentage Delinquent Percentage
<br /> Year Fiscal Year Amount 1 of Levy Tax Collections Z Amount of Levy
<br /> $ $ % $ °/a
<br /> 2002 17,296,568 17,203,409 99.46 NA 17,203,409 99.46
<br /> 2003 18,432,405 18,086,368 98.12 NA 18,086,368 98.12
<br /> 2004 18,623,675 18,497,670 99.32 NA 18,497,670 99.32
<br /> 2005 19,306,928 19,289,656 99.91 NA 19,289,656 99.91
<br /> 2006 20,217,010 19,687,100 97.38 NA 19,687,100 97.38
<br /> 2007 21,825,495 21,688,365 99.37 NA 21,688,365 99.37
<br /> 2008 23,599,098 23,230,333 98.44 NA 23,230,333 98.44
<br /> 2009 25,185,881 24,732,667 98.20 NA 24,732,667 98.20
<br /> 2010 25,402,023 25,081,429 98.74 NA 25,081,429 98.74
<br /> 2011 25,027,079 24,734,718 98.83 NA 24,734,718 98.83
<br /> Source: Audited City financial records - general fund
<br /> 1 Amount collected is less than levy as refunds are deducted from the current year tax apportionment and tax roll
<br /> adjustments are initiated by the County of San Mateo after the levy has been established.
<br /> z San Mateo County assesses properties and it bills, collects, and distributes property taxes to all taxing entities
<br /> including the City. Under State law, I<nown as the Teeter Plan, the County remits the entire amount levied for secured
<br /> property taxes and handles all delinquencies, retaining interest and penalties
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