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<br />11 <br /> <br /> <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br /> <br />I~ <br /> <br />25 <br />28 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />38 <br />37 <br />38 <br />38 <br />40 <br />41 <br />42 <br />43 <br /> <br />8: <br /> <br />48 <br />47 <br />48 <br />49 <br />50 <br />51 <br />52 <br />53 <br />54 <br />55 <br />58 <br />57 <br />58 <br />58 <br />60 <br />61 <br />62 <br />63 <br /> <br />884 <br />65 <br />.. <br />67 <br />88 <br />88 <br />70 <br />71 <br />72 <br />73 <br />74 <br /> <br />Prool of Februa" 16, 1871 <br /> <br />SANTA ANA-7923 <br /> <br />Bowne of San Francisco, Inc., 981-7882 <br /> <br />GALLEY 41- <br /> <br />CITY <br />FINANCIAL DATA <br /> <br />The Bonds are not a debt of the City of Santa Ana <br />and the following city financial data are included <br />only for the purposes of providing general infor- <br />mation. <br /> <br />Assessed Valuations <br /> <br />The City of Santa Ana uses the facilities of Orange <br />County for the assessment and collection of taxes <br />for city purposes, City taxes are collected at the <br />same time and on the same tax rolls as are county, <br />school district, and special district taxes, Assessed <br />valuations of properties are the same for both city <br />and county taxing purposes, The California State <br />Board of Equalization reports that 1977/78 Orange <br />County valuations average 25,1 percent of full value <br />except for public utility property, which is reported <br />to be assessed at 25 percent of full cash value by the <br />state. <br />The California State Legislature adopled two types <br />of slale-reimbursed exemptions beginning in the tax <br />year 1969/70, The first currently exempts 50 per- <br />cent of the assessed valuation of business inventories <br />from taxation. The second exemption currently pro- <br />vides a credit of $1,750 of the assessed valuation of <br />an owner-occupied dwelling for which application <br />has been made to the county assessor, <br />Revenue estimated to be lost to local taxing agen- <br />cies due to the above exemptions is reimbursed from <br />state sources, Reimbursement is based upon total <br />taxes due upon such exempt values and therefore is <br />not reduced by any amount for estimated or actual <br />delinquencies, The summary below presents the city's <br />1977/78 assessed valuation before and after giving <br />effect to such state-reimbursed exemptions, The sec- <br />ond following tabulation presents a ten-year history <br />of the city's assessed valuations, <br />