|
Property Tax Collections and Assessed Valuations
<br /> The table below sets forth property tax levies and collections within the City for the fiscal years ended
<br /> June 30, 1984 through 1993.
<br /> PROPERTY TAX LEVIES AND COLLECTIONS
<br /> FISCAL YEARS ENDING JUNE 30, 1984 THROUGH 1993
<br /> Ratio
<br /> Percentage Delinquent Total
<br /> Fiscal Tax Current Collected Tax Total Collection
<br /> Year Levied Collections Currently Collection Collection"' To Levy
<br /> 1984 $12,363,644 $11,753,178 95.1% $464,598 $12,217,776 98.8%
<br /> 1985 13,197,581 12,709,215 96.3 558,169 13,267,384 100.5
<br /> 1986 14,399,736 13,817,709 96.0 345,391 14,163,100 98.4
<br /> 1987 15,957,490 15,101,451 94.6 450,551 15,552,002 97.5
<br /> 1988 16,887,343 16,411,151 97.2 741,785 17,152,936 101.6
<br /> 1989 18,563,060 17,521,630 94.4 916,506 18,438,136 99.3
<br /> 1990 20,341,732 19,012,022 93.4 725,869 19,737,891 97.3
<br /> 1991 21,649,324 19,819,687 91.5 782,162 20,601,849 95.2
<br /> 1992 22,144,193 21,092,648 95.2 807,428 21,900,076 98.9
<br /> 1993 22,909,717 21,067,597 90.9 976,850 22,044,447 95.8
<br /> (1) Excludes Business Inventories and Homeowner's Exemptions, and Redevelopment Tax Increment.
<br /> The County of Orange has recently elected to participate in a program known as the "Teeter Plan" under
<br /> which the City and certain other local agencies will receive 100% of the City's share of the County 1% property
<br /> tax levy, regardless of the countywide delinquency rate. See "The City -- 1993 Budget Results and City
<br /> Management Discussion of 1994 Budget" for a discussion of the impact of this County action on the City.
<br /> 35
<br />
|