HomeMy WebLinkAbout2002-06-25; City Council; 16805; Establish 2002-03 Special Tax46# 16,805
HTG. 06/25/02
IEPT. FIN
CITY OF CARLSBAD -AGENDA BILL m: DEPT. HD.
ESTABLISH 2002-03 SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 1 CITY ATTY.
CITY MGR
3ECOMMENDED ACTION:
Adopt Resolution NO. 2002-189 establishing the 2002-03 special tax for the Community
Facilities District No. 1.
TEM EXPLANATION:
improvements by approving the Mello-Roos Community Facilities Act of 1982. This Act allows
In 1982, the State Legislature responded to the need for a high quality method of financing public
voters to approve a special tax to be levied upon their property to fund the construction or
acquisition of facilities or services.
In the City of Carlsbad, a Community Facilities District (CFD) is not intended to relieve any
property owner of the responsibility to provide funding for infrastructure improvements related to
development. The City’s CFD affects no homeowners in Carlsbad because under the City’s
guidelines, any and all tax obligations on residential units must be paid in full when the building
permit is issued. When a building permit is issued for non-residential development, property
owners must choose whether to pay the CFD tax in full or pay pass-through taxes for twenty-five
years.
The City of Carlsbad and property owners of specific vacant land in Carlsbad worked together to form a CFD to provide funding for a variety of infrastructure projects needed to meet growth
management requirements. Vacant land and a small percentage of developed non-residential
land located in sixteen Local Facilities Management Zones are currently in the CFD, with other
zones annexing as development plans progress.
Community Facilities District (CFD) No. 1, on May 7, 1991. Through debt financing or available
Following Mello-Roos legislation, Council held a public hearing and an election and formed
cash balances, CFD No. 1 will fund, or has funded, the following capital projects:
Civic Facilities
Library
1-5 lnterchanqes Road Senments
Palomar Airport Road La Costa Avenue
OfficeNVarehouse Facilities La Costa Avenue
City Hall Olivenhain Road Poinsettia Lane Cannon Road
Veteran’s Memorial Park Faraday Avenue
In June 1991, Council adopted an ordinance putting in place the tax formula for the district
establishing the maximum tax rates that may be levied in CFD No. 1. The maximum tax rate for
property within the CFD is adjusted each year by one-half of the annual change in the Los
Angeles inflationary factor in the “Engineering News Record” (ENR) Cost Indexes in 22 Cities.
The maximum tax rate for property not yet included within CFD No. 1 is adjusted by the full ENR
percentage change until the fiscal year of annexation. Although the ordinance established a
ceiling for future tax rates, it did not create the individual tax levy that will be placed on each
parcel. Each year the City establishes the levy, as the funding needs for the next fiscal year are
determined.
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PAGE 2 OF AGENDA BILL NO. 16.805
Staff recommendations for the 2002-03 tax levy are presented in Exhibit A of the attached
Resolution and show the tax rate schedule for property included within CFD No. 1 at formation, as
well as for property annexed thereafter. The maximum tax rates reflect an increase of one-half of
the ENR inflator (1.0%) as described above.
For property planned for future residential development, staff is recommending that the City levy
no tax on vacant property while decreasing the one-time tax levied at the time of building permit
issuance from 80% to 70% of the maximum tax on each dwelling unit.
The tax on vacant property zoned for future commercial or industrial development is proposed
to remain the same at 20% of the maximum tax on each developable acre. The one-time tax
levied at the time of building permit issuance on non-residential property is also proposed to
remain the same at 60% of the maximum tax per square foot of building area.
Certain non-residential property owners elected not to pay off their CFD obligation at the time
building permits were issued. Instead, they chose to assume an annual special tax for developed
property for twenty-five years. According to the CFD documents, the annual special tax on
developed property shall not exceed 13.81% of the authorized one time payoff tax for commercial
and industrial property. This percentage rate was determined based on the average cost of bond
financing (1 1%) plus financing costs.
The proposed 2002-03 tax rate for developed property is 8.70% of each property's one time payoff
tax. This rate is unchanged from last year.
The tax rates proposed for CFD No. 1 are based on the cash flow requirements needed to fund
the remaining projects considering the most recent growth projections for the City and the project
schedules as shown in the Capital Improvement Program. The tax rates are adjusted annually
and are expected to decrease over time as projects are completed.
FISCAL IMPACT:
The levying of taxes on parcels within CFD No. 1 has created the necessary cash flow to finance
the construction of the 1-5 Interchanges, the Carlsbad library on Dove Street, La Costa Blvd.,
portions of Rancho Santa Fe Road, the Public Works center, Veterans Memorial Park and a City Faraday Ave., as well as other road projects. Future projects to be financed by the CFD include
Hall complex.
Setting the CFD tax at the recommended rates will result in a tax levy on vacant property of about
$203,000 for fiscal year 2002-03. The revenue generated by the one-time tax levied at building
permit will be determined by the amount of development activity that occurs. The one-time special
tax for residential property, based on growth projections, is estimated to be $1.3 million for the
2002-03 fiscal year. An additional $1.4 million is anticipated to be collected from the non-
residential developed special tax.
The current delinquency rate is approximately 2%. This should not have any significant fiscal
impact because delinquencies are factored into future revenue projections. The CFD will
eventually receive these delinquent taxes; it is just a matter of when the collection occurs.
EXHIBITS:
1. Resolution No. 2002-189 establishing the 2002-03 special taxes for Community Facilities
District No. 1.
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RESOLUTION NO. 2002-189
RESOLUTION OF THE CITY COUNCIL OF THE CITY
SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO.l
OF CARLSBAD, CALIFORNIA, ESTABLISHING THE 2002-03
WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD. CALIFORNIA,
(hereinafter referred to as the "legislative body"), has initiated proceedings, held a public
hearing, conducted an election and received a favorable vote from the qualified electors relating
to the levy of a special tax in a community facilities district, all as authorized pursuant to the
terms and provisions of the "Mello-Roos Community Facilities Act of.l982", being Chapter 2.5.
Part 1, Divkion 2, Title 5 of the Government Code of th6 State of California. This Community
Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES DISTRICT NO. 1
(hereinafter referred to as the "District"); and, ., ,
WHEREAS, this legislative body, by Ordinance as authorized by Section 53340 of
the Government Code of the State of California, has authorized the levy of a special tax to pay
for costs and expenses related to said'community Facilities District, and this legislative body is
desirous to establish the specific rate of the special tax to be collected for the next fiscal year.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California as follows:
SECTION 1. The above recitals are all true and correct.
SECTION 2. That the specific rate and amount of the special tax to be collected for
fiscal year 2002-03 to pay for the costs and expenses for the referenced District is hereby
determined and established as set forth in the attached, referenced and incorporated Exhibit A.
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SECTION 3. That the rate as set forth above does not exceed the amount as
previously authorized by Ordinance of this legislative body, and is not in excess of that as
previously approved by the qualified electors of the District.
SECTION 4. That the proceeds of the special tax shall be used to pay, in whole or
in part, the costs of the following, in the following order of priority:
A. Payment of principal of and interest on any outstanding authorized
bonded indebtedness;
6. Necessary replenishment of bond reserve funds or other reserve funds;
C. Payment of costs and expenses of authorized public facilities and public
services;
D. Repayment of advances and loans, if appropriate. The proceeds of the
special taxes shall be used as set forth above, and shall not be used for any other purpose.
SECTION 5. The annual special tax shall be collected in the same manner as
ordinary ad valorem property taxes are collected, and shall be subject to the same penalties
and same procedure and sale in cases of any delinquency for ad valorem taxes, and the Tax
Collector is hereby authorized to deduct reasonable administrative costs incurred in collecting
any said special tax.
SECTION 6. All monies above collected shall be paid into the Community Facilities
District funds, including any bond fund and reserve fund.
SECTION 7. The Finance Director is hereby directed to calculate the installment of
the annual special tax for each parcel within the District and provide a list of those special taxes
to the Auditor of the County. The Auditor of the County is hereby directed to enter in the next
County assessment roll on which taxes will become due. opposite each lot or parcel of land
affected in a space marked "public improvements, special tax" or by any other suitable
designation, the installment of the special tax.
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SECTION 8. The County Auditor shall then, at the close of the tax collection
period, promptly render to this Agency a detailed report showing the amount and/or amounts of
such special tax installments, interest, penalties and percentages so collected and from what
property collected, and also provide a statement of any percentages retained for the expense of
making any such collection.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Carlsbad
at its regular meeting held on the 25th day of JUNE , 2002, by the following
vote. to wit:
AYES: Council Members Lewis, Nygaard% Hall
NOES: None
ABSENT: Council Members Kulc
ATTEST:
- LORRAJhE M. WOOD, City Clerk .
'age 3 of 3 of Resolution No. 2002-189.
kLAUDE A. LEWIS, Mayor
EXHIBIT A
Page 1
I PROPERTY
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
RLM
RM
RMH
RH
1 INDUSTRIAL
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ORIGINALLY IN THE DISTRICT MAY 7, 1991
FISCAL YEAR 2001-02
MAXIMUM
TAX
TAX
RATES r AREA 1;
(M% OF MAXIMUM
2,198
3,095
$2,659
1,434 287
440
(20% OF MAXIMUM
$532
r AREA 11;
$307
842
2,070
1,349
3,035
51,773
1,064
(20% OF MAXIMUM
$6 1
270
168
414
607
$355
213
(20% OF MIMUM
MAXIMUM
FISCAL YEAR 2002-03 I TAX .... ~ ~ ~~~ ~~
TAX RATES
(0% OF MAXIMUM
$314 $0
864
2,220
1,448
3,126
$2,686
1,343
I
$31 0
851
2,091
1,362
3,065
$1,791
1,074
0
0
0
0
$537
269
(20% OF MRXIMUM
(0% OF MAXIMUM
$0
0
0
0
0
$358
215
(20% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE 13.81%
2002-03 8.70%
% OF ONE-TIME SPECIAL TAX
2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
EXHIBIT A
Page 2
COMMUNITY FACILITIES DISTRICT NO. 1
CITY OF CARLSBAD
TAX RATES
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993194
UNDEVELOPED PROPERTY
I PROPERTY
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
TAX RA TE lMPROVEM/
RESIDENTIAL
RMH
1 INDUSTRIAL
FISCAL YEAR 2001-02
TAX RATES
MAXIMUM TAX
T AREA I:
(20% OF MAXIMUN
1,485
2,277 455
3,206
$2,755
1 377
(20% OF MAXIMUM
$551
275
T AREA II:
(20% OF MAXIMUM
1,397
2,144
3,144
279
429
(20% OF MAXIMUM
$1,836 $367
1,102
MAXIMUM
FISCAL YEAR 2002-03
TAX
TAX RATES
(0% OF MAXlMUk
1,500
2,300
3,238
(20% OF MAXIMUN
$2,782 $556
278
L
$321
881
1,411
2,165
3,175
$1,855
1,113
(0% OF MAXIMUM
$0
0
0
0
0
$371
223
(20% OF MAXIMUN
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2001-02
2002-03
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
I
NOTES:
TAX RATE AREA I1 EXCLUDES PROPERTY WrHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAXRATE AREA I INCLUDES PROPERNWITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 3
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1994/95
1 PROPERTY
RLM
RM
RMH
RH
RLM
RM
RMH
RH
NON-RESIDENTIAL
COMMERCIAL I INDUSTRIAL
MAXIMUM
FISCAL YEAR 2001-02 I TAX
$326
896
2,302
1,501
3,240
$2,784
TAX I RATES
(20% OF MAXIMUN
$65
179
300
460
648
$557
278
(M% OF MAXIMUN
1,392 I
T AREA 11:
(20% OF MAXIMUM
2,167
1,412
3,178 636
$371
223
$1,856
1114
P% OF MAXIMUM
MAXIMUM
FISCAL YEAR 2002-03
TAX
TAX RATES
$329
905
2,325
1,516
3,273
$2,812
1,406
(0% OF MAXIMUN
$0
0
0
0
0
$562
281
(20% OF MAXIMUN
(0% OF MAXIMUM
2,189
1,426
3,210
(20% OF MAXIMUM
$1.875 $375
1 125 225
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
I MAXIMUM PERCENTAGE
mnr-n?
TAXONDEVELOPEDPROPERTY % OF ONE-TIME SPECIAL TAX
13.81% I I R 7nok 1
NOTES:
TAX RATE AREA I INCLUDES PROPERN WITHIN BRIDGE AND THOROUGHFARE DISTRCT NO. 1
TAX RATE AREA II EXCLUDES PROPERNWITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
ENGINEERING NEWS RECORD INFLATION RATEWPSZ%.
8
-r
PROPERTY
RL
RLM
RM
RMH
RH
TAX RATE IMPROVEMI
RESIDENTIAL
INDUSTRIAL
NON-RESIDENTIAL
COMMERCIAL
EXHIBIT A
Page 4
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1995-96
I
MAXIMUM
FISCAL YEAR 2001-02 FISCAL YEAR 2002-03 I TAX MAXIMUM I TAX
TAX RATES TAX RATES
T AREA I:
I 120% OF MAXIMUM) I (0% OF MAXIMUM
1,501
2,302
3,240
$2,784
T AREA 111
$321
1,412
882
2,167
3,178
$1,856
1,114
$65
179
$329
905
300 1,516
460 2,325
648 3,273
$0
0
0
0
0
(m% OF MAXIMUM
$562
278 1,406 281
(20% OF MAXIMUM)
$557 $2,812
I
(20% OF MAXIMUM)
$64 $325
891
2,189
1,426
3,210
$1,875
1,125
(0% OF MAXIMUM
$0
0
0
0
0
$375
225
(20% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE 13.81%
2002-03 8.70%
56 OF ONE-TIME SPECIAL TAX
2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAX RATE AREA II EXCLUDES PROPERN WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 5
PROPERTY
TYPE
TAX RATE IMPROVEMI
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
TAXRATE IMPROVEMI
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
COMMUNITY FACILITIES DISTRICT NO. 1
CITY OF CARLSBAD
TAX RATES
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1996-97
UNDEVELOPED PROPERTY
MAXIMUM
FISCAL YEAR 2001-02 I TAX
TAX
'T AREA I:
RATES
$326
1,503
897
2,304
3,244
$2,787
1,394
T AREA 11:
$322
1,413
883
2,169
3,181
$1,858
1,115
L
(20% OF MAXIMUL
$65
179
301
461
649
(20% OF MAXIMUL
$557
279
(20% OF MMIMUN
$64
177
283
434
636
(2% OF MAXlMUH
$372
223
€ MAXIMUM I FISCAL YEAR 2002-03
TAX
TAX RATES I
$330
906
2,327
1,518
3,276
$2,815
1,408
$325
1.428
891
2,191
3,213
$1,877
1,126
(0% OF MAXIMUL
$0
0
0
0
0
$563
282
(20% OF MANMUL
(0% OF MAXIMUN
$0
0
0
0
0
$375
225
(20% OF MAXIMUN
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
2001-02 I
NOTES
TAX RATE AREA I INCLUDES PROPERNWlTHlN BRIDGE AND THOROUGHFARE DISTRET NO. 1.
TAX RATE AREA II EXCLUDES PROPERNWlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
EXHIBIT A
Page 6
I PROPERTY
RLM
RM
RMH
RH
COMMERCIAL
NON-RESIDENTIAL
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98
FISCAL YEAR 2001-02
MAXIMUM
TAX
TAX
RATES
TAREA I:
(20% OF MMIMUN
1,512
2,318
3,263
$2,804
(m% OF MAXIMUN
$561
T AREA I/:
$324
888
2,182
1,422
3,200
$1,869
1,122
(20% OF MMIMUM
$65
284
178
436
640
$374
224
(20% OF MAXIMUM
MAXIMUM
FISCAL YEAR 2002-03
TAX RATES
TAX
$332 I (0% OF MMIMUM
50
91 1
2,341
1,527
3,296
$2,832
1,416
I
$327
897
1,436
2,204
3,232
$1,888
1,133
0
0
0
0
$566
283
(ZOBOF MAXIMUM
(0% OF MMXIMUM
$0
0
0
0
0
$378
227
(20% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE
2002-03
13.81%
8.70%
8.70%
2001-02 I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
EXHIBIT A
Page 7
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1998-99
FISCAL YEAR 2001-02 FISCAL YEAR 2002-03
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT
RESIDENTIAL
AREA I:
RL $0
RLM
0 3,315 657 3,283 RH
0 2,355 466 2,332 RMH
0 1,536 304 1,521 RM
0 916 181 907
(20% OF MAXIMUM)
$330 $334 $66
(0% OF MIMUM)
NON-RESIDENTIAL (20% OF MAXIMUMI
COMMERCIAL
INDUSTRIAL 285 1,424 282 1,410
(20% OF MAXIMUM)
$2,821 $570 $2,849 $564
RESIDENTIAL
TAX RATE IMPROVEMENT AREA 11:
RL
0 3,251 644 3,219 RH
0 2,217 439 2,195 RMH
0 1,445 286 1,430 RM
0 902 179 893 RLM
$65 $0 $329 $326
COMMERCIAL $1,880 $376 $1,899 $380
INDUSTRIAL 1,128 226 1,140 228
(20% OF MAXIMUM) (0% OF MAXIMUM)
NON-RESIDENTIAL (208 OF MAXIMUM) (20% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE
8.70% 2002-03
13.81%
2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 8
I PROPERTY
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
RESIDENTIAL
RLM
RM
RMH
RH
1 INDUSTRIAL
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1999-00
MAXIMUM
FISCAL YEAR 2001-02
TAX
FISCAL YEAR 2002-03
MAXIMUM TAX
TAX RATES TAX RATES
T AREA I:
(20% OF MAXIMUM)
$334 $67
184
$0
927 0
1,538 308
0 3,353 664 3,320
0 2,382 472 2,358
0 1,553
$571 $2,881 $576
(0% OF MAXIMUM
918
$337
$2.853
(20% OF MAXIMUM1 (20% OF MIMUM
.. 1,426 1 285 I 1,441 I 280
AREA I/:
I 120% OF MIMUMII
$329
903
$66
1,461
181
289 1,447
$333
1,152 228
$1,921
3,289 651
2,243 444 2,220
912
3,256
(20% OF MAXIMUM)
$1,902 $380
1,141
"il (0% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE
8.70% 2002-03
13.81%
2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERW WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA I1 EXCLUDES PROPERN WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 9
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2000-01
PROPERTY
.....
RESIDENTIAL
$339 RL
(20% OF MAXIMUM)
$68 I RIM I 933 I 187 I v (0% OF MAXIMUM)
.
RM
0 3,407 675 3,374 RH
0 2,420 479 2,397 RMH
0 1,579 313 1,563
COMMERCIAL $2.899 $580 $2,928 $586
INDUSTRIAL 293 1,464 290 1,449
~~~
NON-RESIDENTIAL (20% OF MAXIMUM) (20% OF MAXIMUM)
TAYDATC IUDDnVCMENT ARCA If. ...
RESIDENTIAL
,M,.-.b,.... ..-.-...-... -..”
RL
(20% OF MAXIMUM)
$335 $0 $338 $67
(0% OF MAXIMUM)
RI M 0 927 184 918 ~~ .
RM
234 1,171 232 1,160 INDUSTRIAL
$390 $1,952 $387 $1,933 COMMERCIAL
(20% OF MAXIMUM) (20% OF MAXIMUM) NON-RESIDENTIAL
0 3,342 662 3,308 RH
0 2,279 451 2,256 RMH
0 1,485 294 1,470
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE
2002-03
13.81%
8.70% 2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 10
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2001-02
FISCAL YEAR 2001-02 FISCAL YEAR 2002-03
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT
RESIDENTIAL
AREA I:
RL $344
$594 $2,971 NA $2,942 COMMERCIAL
NON-RESIDENTIAL
0 3,456 NA 3,424 RH
0 2,456 NA 2,432 RMH
0 1,602 NA 1,566 RM
0 956 NA 946 RLM
$0 $346 NA
~ INDUSTRIAL 1,471 NA 1,466 297
TAX RATE IMPROVEMENT AREA 11:
RESIDENTIAL (20% OF MAXIMUM) (0% OF MAXIMUM)
RL $340 NA $343 $0
RLM 932 NA 941 0
RM 1,492 NA 1,507 0
RMH 0 3,391 NA 3,357 RH
0 2,313 NA 2,290
COMMERCIAL NA $1,961 $396
INDUSTRIAL 1,177 NA 1,169 236
(20% OF MAXIMUM) (0% OF MAXIMUM)
(20% OF MAXIMUM) (20% OF MAXIMUM)
NON-RESIDENTIAL (20% OF MAXIMUM)
$1,961
(20% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE
6.70% 2002-03
13.81%
2001-02 I 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAX RATE AREA 11 EXCLUDES PROPERN WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 11
1
CITYOFCARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENT TAX - ONE-TIME
TAX RATES FOR FISCAL YEAR 2002-03
0 - 1.5 DU IACRE
1 SI - 4.0 DUIACRE
4.1 -8.ODUlACRE
8.1 - 15.0 DUIACRE
15.1 - 23.0 DU/ACRE p
AUTO - GASOLINE
AUTO - REPAIR &SALES
(60% of the Maximum Tax)
AUTO CAR WASH
BANK-WALKIN
BANK- WITH DRIVETHRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMUNITY SHOPPING CENTER
COMMERCIAL SHOPS
CONVENIENCE MARKET
DISCOUNTSTORE
GOLF COURSE IGROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBERIHARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (C 1W.WO SF)
OFFICE - HIGH RISE
OFFICE - GOVERNMENT
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT-QUALITY
RESTAURANT - SIT DOWN
S&L-WALKIN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIEDABOVE I NOT IDENTIFIED ABOVE
r L i AAY 7,1991 FY 1993-94 FY 1994-95 N 1995-96
FORMATION OR ANNEXATION DATE
$3,487.76
2,201.39
3,487.76
2,201.39
2,201.39
$5.45
4.24
2.29
8.62
12.13
4.45
11.76
2.01
1.95
2.85
18.34
2.16
2.05
5.22
1.94
7.14
2.61
1.56
2.33
1.56
1.44
1.47
2.86
9.97
1.66
1.81
4.34
1.72
1.97
1.79
18.90
1.63
3.42
2.25
19.11
1.54
10.19
4.41
3.70
5.10
1.52
1.44
1.17
$3,612.52
2,280.14
3,612.52
2,280.14
2,280.14
$5.64
2.37
4.39
12.56
8.92
12.18
4.61
2.08
2.02
2.95
18.99
2.24
2.13
5.41
2.01
7.39
2.70
1.62
2.41
1.62
1.49
1.52
2.96
10.33
1.72
1.87
4.49
2.04
1.78
1.86
1.68
19.57
3.55
2.33
1.60
19.79
4.57
10.55
3.83
5.28
1.57
1.49
1.21
$3.651.83
3,651.83
2,304.95
2,304.95
2,304.95
$5.70
2.40
4.44
12.70
9.02
12.31
4.66
2.10
2.04
2.98
19.20
2.26
2.15
5.47
2.03
7.47
2.73
1.64
2.44
1.64
1.50
1.54
3.00
10.44
1.74
4.54
1.89
2.06
1.80
1.88
1.70
19.78
3.59
2.36
1.62
20.01
4.62
10.67
3.87
5.34
1.59
1.50
1.22
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO 1.
TAX RATE AREA I1 EXCLUES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
$3,651.83
3,651 .E3
2,304.95
2,304.95
2,304.95
$570
2.40
4.44
12.70
9.02
12.31
4.66
2.10
2.04
2.98
19.20
2.26
2.15
5.47
2.03
7.47
2.73
1.64
2.44
1.64
1 SO
1.54
3.w
10.44
1.74
4.54
1.89
1.80
2.06
1.88
1.70
19.78
3.59
2.36
1.62
20.01
4.62
10.67
3.87
5.34
1.59
150
1.22
N 1996-97
$3,655.47
3,655.47
2,307.25
2,307.25
2,307.25
$5.71
2.40
4.44
9.03
12.71
4.67
12.32
2.10
2.98
2.04
19.22
2.27
2.15
5.48
2.03
7.48
2.73
1.64
2.44
1.64
1.51
3.02
1.54
1.74
10.45
1.89
4.55
1.80
2.06
1.88
19.80
1.70
3.59
2.36
20.03
1.62
10.68
4.62
3.88
5.34
1.59
1 SI
1.22
lb
EXHIBIT A
Page 12
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENTTAX- ONE-TIME
TAX RATES FOR FISCAL YEAR 2002-03
I I
0 - 1.5 DU /ACRE
4.1 -8.0 DUIACRE
1.51 - 4.0 DUiACRE
18~1 - 15.0 DUIACRE ~~ ~~~~
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
AUTO - GASOLINE
(60% of the Maximum Tax)
AUTO - REPAIR 8 SALES
AUTO CAR WASH
BANK- WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
GROCERY STORE
HEALTH CLUB
HELIPORTS
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
JUNIOR COLLEGE
BUSINESS PARK
STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (< 100,000 SF)
OFFICE -GOVERNMENT IOFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURl IRACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL IRESTAURANT- FAST FOOD
RESTAURANT - QUALITY
RESTAURANT-SIT DOWN
S8L-WALKIN
S 8 L - WITH DRIVE THRU
ALL OTHER COMMERCIAL USES
UNIVERSITY
NOT IDENTIFIEDABOVE
ALL OTHER INDUSTRIAL USES I NOT IDENTIFIED ABOVE
FY 1997-98 FY 1998-99
$3,677.28
3,677.28
2,321.01
2,321.01
2,321.01
PROPERTYTYPE
TAX RATE IMPROVEMENT AREA 1:
RESIDENTIAL (PER DWELLING UNIT)
FORMATION OR ANNEXATION DATE
FY 1999-00 FY 2000-01 FY 2001-02
170% of the Maximum Tad
$5.74
2.41
4.47
9.08
12.79
4.69
12.40
2.12
2.05
3.00
19.34
2.28
2.17
5.51
2.05
7.53
1.65 2.75
2.46
1.65
1.52
3.02
1.55
1.75
10.51
1.90
4.57
1.81
2.07
1.89
19.92
1.71
3.61
2.37
20.15
1.63
10.74
4.65
3.x
5.37
1.6C
1.52
1.23
$3,699.21
3,699.21
2,334.86
2,334.86
2,334.86
$5.78
2.43
4.49
9.14
12.86 4.72
12.47
2.13
2.07
3.02
19.45
2.29
2.16
5.54
2.06
7.57
1.66
2.76
2.47
1.66
1.52
3.03
1.56
1.76
10.5€
4.6C
1.92
1.82
2.0s
1 .x
20.04
1.72
3.63
2.3s
20.27
1.64
10.8C
4.R
3.92
5.41 1.61
1.52
1.24
$3,741.27
3.741.27
2,361.40
2,361.40
2,361.40
$5.84
2.46
4.55
9.24
13.01
4.78
12.61
2.15
2.09
3.05
19.67
2.32
2.20
5.60
2.08
7.66
2.79
1.68
2.50
1.68
1.54
1.58
3.07
1.78
10.70
1.94
4.65
1.84
2.11
1.92
20.27
1.74
3.67
2.41
1.66
20.50
4.73
10.93
3.97
5.47
1.63
1.54
1.25
$3,801.99
3,801.99
2,399.73
2,399.73
2,399.73
$5.94
2.50
4.62
13.22
9.39
12.82
4.85
2.19
2.12
19.99
3.10
2.36
2.24 5.69
2.12
7.78
2.84
1.71
2.54
1.71
1.57
3.12
1.60
10.87
1.81
4.73
1.97
2.14
1.87
1.95
1.77
20.60
3.73
2.45
1.68
20.83
4.81
11.10
4.03
5.56
1.65
1.57
1.27
$3,858.18
3.858.18
2,435.20
2,435.20
2,435.20
$6.02
2.53
4.69
13.42
9.53
13.01 4.92
2.22
2.15
20.29
3.15
2.39
2.27
5.78
2.15
7.90
2.88
1.73
2.58
1.73
1.59
3.16
1.63
11.03
1.83
2.00
4.80
1.90
2.18
1.98
1.80 20.90
3.79
2.49
1.71
21.14
4.88
11.27
4.09 5.64
1.68
1.59
1.29
1
FY 2002-03
$3,896.38
3,89638
2,459.31
2,459.31
2.459.31
$6.08
2.56
4.73
9.62
13.55
4.97
13.14
2.24
2.18
3.18
20.49
2.42
2.30
5.84
2.17
7.97
1.75
2.91
2.60
1.75
1.61
1.64
3.20
1.85
11.14
2.02
4.85
1.92
2.20
2.00
21.11
1.82
3.83
2.51
21.35
1.73
11.38
4.93
4.13
5.69
1.70
1.61
1.31
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO 1.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
EXHIBIT A
Page 13
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENTTAX - ONE-TIME
TAX RATES FOR FISCAL YEAR 2032-03
0 - 1.5 DU /ACRE
4.1 - 8.0 DUIACRE
1.51 - 4.0 DUIACRE
8.1 - 15.0 DUIACRE
15.1 - 23.0 DUIACRE
NON-RESIDENTIAL (PER SQ.FT.1
(60% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR a SALES
AUTO CAR WASH
BANK - WALK IN
BANK- WITH DRIVETHRU
CAMPGROUND
BOWLING ALLEY
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
GOLF COURSE
DISCOUNTSTORE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FACICOMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBERIHARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (C 100,000 SF)
OFFICE -GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT- FASTFOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S8L-WALKIN
S 8 L - WITH DRIVE THRU
UNIVERSITY IALL OTHER COMMERCIAL USES I NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES I NOT IDENTIFIED ABOVE
AAY 7,1991
$3.W4.39
3,004.39
1,811.25
1,811.25
1,811.25
TAXRATEIMPROVEMENTAREA 11: h FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97
RESIDENTIAL (PER DWELLING UNIT)
PROPERTYTYPE FORMATION OR ANNEXATION DATE
(70% of the Maximum Tax) I
$1.94
1 .ffi
1.69
3.09
3.84
3.35
1.90
1.30
1.06
1.21
4.53
1 .ffi
1.44
1.72
1.24
2.46
1 SO
2.14
1.69
1 SO
1.01
1.28
1.92
2.96
1 .ffi
1.38
1.52
1.18
1.26
1.24
1.39
4.88
1.56
1.08
5.09
1.33
2.07
3.18
2.03
2.34
1.28
0.97
0.95
$3,111.86
3,111.86
1,876.04
1,876.04
1,876.04
$2.01
1.10
3.20
1.75
3.98
3.47
1.97
1.35
1.10
1.25
4.69
1.10
1.49
1.78
2.55
1.29
1.55
2.21
1.75
1.55
1.05
1.32
1.99
1.10
3.07
1.43
1.58
1.22
1.31
1.28
1 .44
5.05
1.62
1.12
5.27
1.38
2.15
3.29
2.11
2.42
1.33
1 .oo
0.99
$3,145.72
3,145.72
1,896.46
1,896.46
1,896.46
$2.03
1.11
3.23
1.77
4.02
1.99
3.51
1.36
1.11
1.27
4.74
1.11
1.50
1.80
2.58
1.30
2.24
1.57
1.77
1.57
1.06
1.34
2.01
1.11
3.10
1.45
1.60
1.23
1.32
1.29
5.10
1.46
1.64
1.13
5.33
1.39
2.17
3.33
2.13
2.45
1.34
1.01
1 .oo
$3,14572
3,145.72
1,896.46
1.896.46
1.896.46
$2.03
1.11
3.23
1.77
4.02
3.51
1.99
1.36
1.11
1.27
4.74
1.11
1 SO
1.80
2.58
1.30
1.57
2.24
1.77
1.57
1 .ffi
1 .34
2.01
1.11
3.10
1.45
1.60
1.23
1.29
1.32
1.46
5.10
1 .a
1.13
5.33
1.35
2.17
3.33
2.13
2.45
1.34
1.01
1 .E
$3,148.86
3,148.86
1,898.35
1,898.35
1,898.35
$2.03
1.11
3.24
1.77
4.03
3.51
1.99
1.37
1.11
1.27
4.74
1.11
1.51
1.80
2.58
1.30
1.57
2.24
1.77
1.57
1 .ffi
1.34
2.01
1.11
3.10
1.45
1.60
1.23
1.32
1.25
1.46
5.11
1.64
VI?
5.32
1.35
2.17
3.3?
2.12
2.45
1.34
1.01
1 .oc
NOTES:
TAX RATE ARE4 I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO 1
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENT TAX - ONE-TIME
TAX RATES FOR FISCAL YEAR 2002-03
EXHIBIT A
Page 14
0 - 1.5 DU /ACRE
4.1 - 8.0 DUIACRE
1.51 -4.0 DUIACRE
8.1 - 15.0 DUIACRE
NON-RESIDENTIAL (PER SQ.FT.1
15.1 - 23.0 DUIACRE
(60% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR 8 SALES
AUTO CAR WASH
BANK- WALK IN
BANK- WITH DRIVETHRU
CAMPGROUND
BOWLING ALLEY
CHURCH
COMMERCIALSHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNTSTORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FACICOMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
JUNIOR COLLEGE
BUSINESS PARK
LIBRARY
LUMBERIHARDWARESTORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER I OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
(OFFICE - HIGH RISE ~
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - QUALITY
RESTAURANT - FAST FOOD
S8L-WALKIN
RESTAURANT - SIT DOWN
S 8 L - WITH DRIVE THRU
ALL OTHER COMMERCIAL USES
UNIVERSITY
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE I I NOT IDENTIFIED ABOVE I
$3.167.65
3,167.65
1,909.67
1,909.67
1,909.67
$2.05
1.12
3.26
1.78
4.05
2.00
3.53
1.37
1.12
4.77
1.27
1.12
1.52
1.31
1.81
2.60
2.25
1.58
1.78
1.58
1.07
2.02
1.35
1.12
3.12
1.46
1.61
1.24
1.33
1.30
1.47
5.14
1.65
1.14
5.37
1.40
2.19
3.35
2.15
2.46
1.35
1.02
1.01
PI 1998-99
$3,186.54
3,186.54
1.921.06
1,921.06
1,921.06
$2.06
1.13
3.28
1.79
4.07
3.55
2.02
1.38
1.13
4.80
1.28
1.13
1.52
1.82
2.61
1.32
1.59
2.26
1.79
1.59
1.08
1.35
2.04
1.13
3.14
1.47
1.62
1.34
1.25
1.31
1.47
5.17
1.66
1.15
5.40
1.41
2.20
3.37
2.16
2.48
1.36
1.03
1.01
PROPERTY TYPE
TAX RATE IMPROVEMENT AREA 11: FY 1997-98
FORMATION OR ANNEXATION DATE
-n I
170% of the Maximum Tax1
I I
NOTES:
PI 199900
$3,222.77
3,222.77
1,942.90
1,942.90
1,942.90
$2.08
1.14
1.82
3.31
4.12
3.59
2.04
1.40
1.14
1.30
4.85
1.14
1.54
1.84
2.64
1.33
1.61
2.29
1.82
1.61
1.09
1.37
2.06
3.18
1.14
1.48
1.64
1.35
1.26
1.33
5.23
1.49
1.38
1.16
1.43
2.23
5.46
3.41
2.18
2.51
1.38
1.04
1.02
FY 2000-01
$3,275.08
3,275.08
1,974.44
1,974.44
1,974.44
$2.12
1.16
1.84
3.37
4.19
3.65
2.07
1.42
1.16
4.93
1.32
1.16
1.57
1.87
2.69
1.35
2.33
1.63
1.34
1.63
1.11
1.39
2.09
3.23
1.16
1.51
1.66
1.38
1.28
1.35
1.52
5.31
1.71
1.18
1.45
2.26
5.55
3.46
2.22
2.55
1.40
1.05
1.04
PI 2001-02
$3,323.48
3.323.48
2,003.62
2,003.62
2,003.62
$2.15
1.17
1.87
3.42
4.25
2.10
3.71
1.44
1.17
5.01
1.34
1.17
1.59
1.90
2.73
1.37
2.36
1.66
1.87
1.66
1.12
1.41
2.12
3.28
1.17
1.53
1.69
1.40
1.30
1.37
1.54
5.39
1.73
1.20
1.47
2.30
5.63
3.51
2.25
2.56
1.42
1.07
1.05
PI 2002-03
$3,356.38
3,356.38
2,023.46
2,023.46
2,023.46
$2.17
1.19
1.89
3.45
4.29
3.74
2.12
1.46
1.19
1.35
5.06
1.19
1.61
1.92
2.75
1.39
1.67
2.39
1.89
1.67
1.13
1.43
2.15
3.31
1.19
1.55
1.70
1.41
1.31
1.38
1.55
5.45
1.75
1.21
1.49
2.32
5.69
3.55
2.27
2.61
1.43
1.08
1.07
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AN0 THOROUGHFARE DISTRICT NO 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.