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Proposed Police Services Parcel Tax 3 July 28, 2008 Senior Property Owners A 40% discount for low-income senior property owners is included in the Ordinance. An index, such as PG&E's CARE program maximum annual income limits, is recommended to determine qualification. Number of Persons in 1-2 3 Each Additional Household Person Total Combined $29,300 $34,400 $7,100 Annual Income CommerciaUIndustrial Tax Rates These rates are based on the parcel size in order to facilitate administration. • $12.00 per 1,000 sq. ft. (or $.012 per square foot) for commerciaUindustrial properties. • $10.00 per 1,000 sq. ft. (or $.010 per square foot) for non-profit educational use and places of worship. Unimproved Land Tax Rate Properties classified as unimproved by the Alameda County Tax Assessors Office shall be charged 25% of the commerciaUindustrial rate. $3.00 per 1,000 sq. ft. (or $.003 per sq. ft.) Annual inflation adjustments based on the percentage increase, if any, in the Consumer Price Index for Urban Wage Earners and Clerical Workers ("CPI-W") for the San Francisco Bay Area published by the U.S. Bureau of Labor Statistics -All Urban Consumers, are also proposed in the Ordinance to ensure that the tax supports the same general level of police services over its lifespan. Comparison to the Proposed Tax in 2004 It is estimated that the parcel tax proposed for November 2008 would generate approximately $2.6 million in revenue for police services. The proposed tax structure is similar to what was proposed in 2004, however, the amount of the tax has been reduce for each property category as shown below: Property Description 2004 Rate (annual 2008 Rate (annual) Single-Family Residential Multi-Family/Mobile Home CommerciaUIndustrial Non-Profit/Places of Worship $78.00 per unit $48.60 per unit $16.00 per 1,000 sq. ft. $13.00 per 1,000 sq. ft. $60.00 per unit $40.00 per unit $12.00 per 1,000 sq. ft. $10.00 per 1,000 sq. ft. Unimproved Land $4.00 per 1,000 sq. ft. $3.00 per 1,000 sq. ft.