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<br />35 <br />4826-7904-2280v7/200434-0005 <br />TABLE 15 <br />City of Santa Ana <br />10 Largest Secured and Unsecured Taxpayers <br />Rank Property Owner <br />Fiscal Year 2021 <br />Assessed Valuation % of Total <br />1. Main Place Shoppingtown $350,691,477 1.20% <br />2. RP Essex Skyline Holdings 147,376,891 0.51 <br />3. First American Title 146,291,501 0.50 <br />4. BRE OC Griffin LLC 146,221,777 0.50 <br />5. APG OCIC LLC 113,581,645 0.39 <br />6. Adagio 366 LLC 102,693,489 0.35 <br />7. Tustin Avenue Apartments 99,952,031 0.34 <br />8. Cadigan 1901 First LLC 99,939,495 0.34 <br />9. Drawbridge Pacific Center LLC 97,500,000 0.33 <br />10. Pacific Coast Holdings Investment 96,249,161 0.33 <br />TOTAL $1,400,497,467 4.79% <br /> <br />Source: HdL Coren & Cone. <br />Business License Taxes <br />The business license tax is a non-regulatory tax imposed for the privilege of conducting business within <br />the City’s boundaries. The tax has three different categories: a percentage of gross receipts; variable flat rate for <br />professional services; and flat rate for other businesses depending on the type of businesses. This category <br />includes a license tax for cannabis business. <br />Business license tax receipts of approximately $25.4 million provided the third largest tax revenue <br />source for the City in Fiscal Year 2020, contributing approximately 9.4% of general tax revenues and <br />approximately 7.9% of total general revenues in such Fiscal Year. For Fiscal Year 2021, the City estimates that <br />General Fund business license tax receipts will be approximately $31.6 million, totaling approximately 11.1% <br />of general tax revenues and approximately 9.3% of total general revenues. For Fiscal Year 2022, the City has <br />budgeted General Fund business license tax receipts to be approximately $33.1 million, totaling approximately <br />11.5% of general tax revenues and approximately 9.5% of total general revenues. <br />Utility Users’ Taxes <br />A utility users’ tax is imposed on every account for utility service within the City. Utilities subject to <br />the tax include electricity, gas, water, telephone, cellular and international calls. Individuals and entities using <br />these utility services pay a tax rate of 5.5% for all charges made for such services. <br />Utility users’ tax receipts of approximately $21.7 million provided the fourth largest tax revenue source <br />for the City in Fiscal Year 2020. In Fiscal Year 2020, utility users’ taxes contributed approximately 8.0% of <br />general tax revenues and approximately 6.7% of total general revenues. For Fiscal Year 2021, the City estimates <br />that General Fund utility users’ tax receipts will be approximately $24.9 million, totaling approximately 8.7% <br />of general tax revenues and approximately 7.3% of total general revenues. For Fiscal Year 2022, the City has <br />budgeted General Fund utility users’ tax receipts to be approximately $23.7 million, totaling approximately 8.2% <br />of general tax revenues and approximately 6.8% of total general revenues. <br />Franchise Taxes <br />The City levies a franchise tax on its cable television, electrical utility, gas utility and residential and <br />commercial trash collection service.