HomeMy WebLinkAboutORD 2576...
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• ORIGIN'AL
><)'~!NANCE NO.·· Z576 ·
ORDINANCE OF 'i'HE COUNCIL OF THE CITY OF PALO ALTO
FIXING THE TAX PATE FOR THE FISCAL YEAR 1970~i971
AT Seventy Four Cents ( $ • 74)
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The Council of the City of Palo Alto does ORDAIN as fol-
lows:
That the tax rate of the City' of Palo Alto for the fiacal
year commencing July 1,1970, and ending June 30, 1971, is
hereby f i::ed at seventy four cen.ts ($. 74)
to ,Pe levied upon each one hundred dollars of assessed valuation
of property in the City of Palo Alto in accordance with the
equalized assessments tor said fiscal ye~r.
Introduced and passed at a r~gular·meef.ing of the Ct;>uncil
of the City of Palo Alto en Monday, the
1~ug1.:~'ti, 1970,, by the following vote:
17th ----day of
AYES: Arnold, Berwald, Clark, Comstock, Dias·~ ~a.llagher~ Not.ton,
Pearson, Spaeth;· :·Wheatley
NOES: None .·.
ABSENT: B eahr s
ATTEST:/ _ _..-•.
"fy-k:J . •... ; . J ~~ . Mf~ifrru · ~ · . , .. .
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APPROVED:· ----:-- -~
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-City of Palo Alto
. Secured Ro 11
Local
Exemption: Homeowners
Business Inventory
Pub f;-.;,_i_ Ut i 1 i ty
Tol'a 1 secured
.secured Ro 11
Exemption: Business lnVe~tory
unsecured
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Total
Tota 1 11 E ffec ti ve 11 Va 1 ue
Sec:ured Ro 11
Bi 1 led to property owners
State aid: Homeowners
Business Inventory
Public Utility-billed
Total secured
Unsecured · (Rate)
Bi 1 led to'-'property owner's
State a id: Business ln 11en'tory
Total un~ecured
Total Yield
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• ~~·· 'It
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REPORT OF COUNTY~SSESSED VALUE AND
PROPERTY~TAX YIELD
Land i11H?rovement s
1 ~'35Z 1 350. 6 1 32z.630
98,334.630 144,225,500'
.------------4° "t:O __ '· . ,..,,, .. ,,,, _ 8,026,850
.. ,, -_ .
.;,..._: __
.. $,a8 1 3z4 1 ~~ $1 5 2 I 2~ 2 I ~~ Q
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1970-71 -----
(@ 74¢)
$1 ,562,420
54, 107
3,012
96,61'4
~
(@> ;74¢)
• 428,932
54.531
. -.-·r
__::483 ,46s ·
_,,... . -'
$i,.1gg.618
Persona 1
.Property
$ 4,455,590
...i.JZO I 95·0
9,826,540
·j] '266. 020
$2Z1Q~2.s~
(@ 74¢)
'
$1 ~452~505
53,080
l,066
26,08z
l ,a.603.748'
(@74¢.) ' - -
1'W6,633
__].7, 189
433,822
-$2 .ou .szg .
Exemptions
$ (30, 283' 300}
7 ,311 ,750
407,030
{22,564,520)
(7. 369 '280 )__
z.~6~.zao
·(;--
$(22 1 5g4 1 S 20)
·increase
$
Jl 2,405
'49,643
$J62.o48
( {
i -·
1970-71
Net
$209,047,440
7;311,750
407,030
1310551930
229, 822 ;150
57~963.840 z1 362 1 280
, 65 ' 3 3 3 ' 1 20
$:295 1155. 210
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·Off ice-of City Controller
$1 36 • 285 ' 81 0
7. ~ 73 ,ooo
2]9,150
--
12,984,780
216,722,740
54,950,370
3,674, 140
58,624,510
Increase % -\" .
$12,]61_,630
·. -138,750
-----127,880 __ -·'
71 I 150
1),099,410 6~1%
3,013,470
3 ,695. 140
6 1 708,61 O L 1
$275.347.25Q $jj,868;020 7.'lYo
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