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<br />regular tax increment apportionment. However, as described below, the Assessor can reduce
<br />annual assessed valuations on specific properties, which can affect the Successor Agency.
<br />
<br />The most common type of appeal filed is known as a Proposition 8 appeal, in which the
<br />property owner seeks a reduction in a particular year’s assessment based on the current
<br />economic value of the property. The assessor may also adjust valuations based on Proposition
<br />8 criteria. Reductions in valuation made under Proposition 8 are temporary, with valuations
<br />restored to their full assessments once the economic reason for the reduction no longer applies.
<br />Such reductions can affect the Successor Agency’s tax increment while they are in effect.
<br />
<br />Property owners may also appeal the Proposition 13 base assessment of a property.
<br />Although less frequently filed, such appeals, if successful, can permanently reduce the enrolled
<br />valuation of a property and consequently affect the Successor Agency’s annual revenue.
<br />
<br />As noted, the County Auditor-Controller’s office applies tax refunds due to successful
<br />property tax appeals to the Successor Agency’s total tax increment, including supplemental
<br />assessments.
<br />
<br />Based on information provided by the County Assessor’s office on February 16, 2018 for
<br />appeals filed through fiscal year 2017-18, there are 96 appeals pending in the Project Area, as
<br />shown in Table 4 below.
<br />
<br />TABLE 4
<br />SUCCESSOR AGENCY TO THE
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />Assessment Appeals in the Project Area
<br />
<br />Roll Year Status
<br />Number
<br />of
<br />Appeals
<br />County
<br />Valuation
<br />Applicant
<br />Opinion of
<br />Value
<br />Valuation
<br />After Appeal
<br />Retention
<br />Rate*
<br />2017-18 Resolved 3 $19,565,159 $12,796,250 $19,565,159 -
<br />2017-18 Pending 44 240,591,634 132,569,738 TBD TBD
<br />2016-17 Resolved 12 4,782,834 3,079,437 4,440,939 92.9%
<br />2016-17 Pending 39 157,903,500 87,803,654 TBD TBD
<br />2015-16 Resolved 31 100,822,844 65,559,841 100,327,695 99.5%
<br />2015-16 Pending 7 42,073,744 20,734,210 TBD TBD
<br />2014-15 Resolved 67 198,645,708 119,467,527 188,581,562 94.9%
<br />2014-15 Pending 3 15,637,514 9,383,000 TBD TBD
<br />2013-14 Resolved 74 280,397,520 194,944,269 263,318,973 93.9%
<br />2013-14 Pending - - - - -
<br />2012-13 Resolved 95 352,713,477 226,275,375 340,221,515 96.5%
<br />2012-13 Pending 2 6,849,025 3,493,608 357,374 TBD
<br />2011-12 Resolved 114 440,580,757 250,464,152 401,901,125 91.2%
<br />2011-12 Pending 1 12,000,000 7,500,000 TBD TBD
<br />2010-11 Resolved 105 397,437,265 244,443,593 365,476,889 92.0%
<br />2010-11 Pending - - - - -
<br />All Years Resolved 501 1,794,945,564 1,117,030,444 1,683,833,857 93.8%
<br />All Years Pending 96 475,055,417 261,484,210 TBD TBD
<br />Totals 597 $2,270,000,981 $1,378,514,654 $1,683,833,857
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