Laserfiche WebLink
(b) A tax rate of $1.00 per $100 of assessed value applied to the taxable property in the <br />Project Area has been used to determine Tax Revenues. <br />(c) Incremental value over base value has been assumed at $1,277,735,568. <br />(d) Projected Tax Revenues include a deduction for property tax collection administrative <br />costs charged by Orange County. <br />(e) Projected Tax Revenues do not reflect delinquencies. <br />(f) Projected Tax Revenues do not reflect any potential future Proposition 8 adjustments. <br />(g) Projected Tax Revenues do not reflect any potential decreases resulting from pending <br />assessment appeals. See "THE PROJECT AREA - Assessment Appeals." <br />(h) Projected Tax Revenues do not include supplemental property taxes. <br />(i) Projected Tax Revenues include a deduction for payments due to Taxing Agencies <br />under the Tax Sharing Agreements and Tax Sharing Statutes, excluding subordinate payments. <br />Growth Assumption <br />(a) The secured roll is assumed to increase 2% annually for inflation. See "Property <br />Taxation in California - Manner in Which Property Valuations and Assessments are Detennined (Article <br />XIIIA)." <br />(b) For the purposes of the projections, it is assumed that there will not be any value added <br />to the tax rolls as a result of new construction or changes in property ownership. <br />37 <br />SA -3-51 <br />