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..�: Jm I l f } 1 I i I on 10 'a <br />City of San Leandro <br />Assessed Value and Estimated Actual Value of Taxable Property <br />Last Eight Fiscal Years <br />(In Thousands) <br />City <br />Redevelopment <br />Fiscal Year <br />Taxable <br />Taxable <br />Total <br />Ended <br />Less <br />Assessed <br />Less <br />Assessed <br />Direct Tax <br />June 30 <br />Secured <br />Unsecured <br />Exemptions <br />Value <br />Secured <br />Unsecured <br />Exemptions <br />Value <br />Rate <br />2003 <br />6,181,159 <br />544,303 <br />(165,818) <br />6,559,644 <br />2,370,358 <br />386,932 <br />(33,177) <br />2,724,113 <br />1.00% <br />2004 <br />6,676,341 <br />536,497 <br />(166,799) <br />7,046,038 <br />2,534,206 <br />358,306 <br />(42,206) <br />2,850,306 <br />1.00% <br />2005 <br />7,221,647 <br />526,799 <br />(182,526) <br />7,565,920 <br />2,738,684 <br />346,422 <br />(63,818) <br />3,021,288 <br />1.00% <br />2006 <br />7,752,095 <br />538,060 <br />(201,155) <br />8,089,000 <br />2,902,768 <br />357,620 <br />(73,877) <br />3,186,511 <br />1.00% <br />2007 <br />8,490,385 <br />577,326 <br />(193,142) <br />8,874,569 <br />3,174,542 <br />396,648 <br />(65,057) <br />3,506,133 <br />1.00% <br />2008 <br />9,065,717 <br />568,195 <br />(180,546) <br />9,453,366 <br />3,337,069 <br />396,034 <br />(66,847) <br />3,666,256 <br />1.00% <br />2009 <br />9,525,308 <br />556,811 <br />(207,657) <br />9,874,462 <br />3,593,007 <br />393,869 <br />(87,613) <br />3,899,263 <br />1.00% <br />2010 <br />9,102,245 <br />570,588 <br />(218,845) <br />9,453,988 <br />3,599,645 <br />395,243 <br />(110,812) <br />3,884,076 <br />1.00% <br />Notes: <br />In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% <br />based upon the assessed value of the property being taxed. Each year, the assessed value of the property may be increased <br />by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions property is only re -assessed at the time <br />that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. <br />The assessed valuation data shown above represents the only data currently available with respect to the actual market <br />value of taxable property and is subject to limitations described above. <br />Source: Alameda County Tax Assessor's Office <br />137 <br />