Annual Financial Report, FY2021

Page 168

City of Orinda Assessed Value of Taxable Property For the last ten fiscal years

FY 2011‐12 FY 2012‐13 FY 2013‐14 FY 2014‐15 FY 2015‐16 FY 2016‐17 FY 2017‐18 FY 2018‐19 FY 2019‐20 FY 2020‐21

Secured $ 4,643,266,577 4,685,090,422 4,973,624,380 5,451,859,224 5,904,386,501 6,222,416,276 6,563,379,892 6,999,868,227 7,468,305,703 7,855,455,822

Unsecured $ 44,003,251 51,140,896 43,870,136 31,430,055 28,225,803 34,227,058 31,674,579 33,858,885 32,670,267 33,581,157

Less: Exemptions $ 74,055,238 73,427,772 75,486,075 96,238,114 97,482,835 99,065,221 100,972,956 102,752,297 105,994,210 115,203,562

Taxable Assessed Value $ 4,613,214,590 4,662,803,546 4,942,008,441 5,387,051,165 5,835,129,469 6,157,578,113 6,494,081,515 6,930,974,815 7,394,981,760 7,773,833,417

Note: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

Source: Contra Costa County Assessor 2011/12 ‐ 2020/21 Combined Tax Rolls

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Total Direct Tax Rate 7.3730% 7.3720% 7.3270% 7.3670% 7.3680% 7.3680% 7.3680% 7.3690% 7.3910% 7.3910%


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