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Sales Tax Revenues
<br /> The revenue from sales tax provided approximately 23.4% of the total local tax revenues for
<br /> Orange in 1995. The following table presents information concerning the value of taxable retail sales
<br /> in Orange since 1990.
<br /> CITY OF ORANGE
<br /> Taxable Retail Sales
<br /> 1990-1995
<br /> Taxable Sales
<br /> Year Ended 12/31 (in thousands)
<br /> 1990 $1,793,501 (1)
<br /> 1991 1,698,135 (1)
<br /> 1992 1,663,631 (1)
<br /> 1993 1,587,490 (1)
<br /> 1994 1,588,194 (1)
<br /> 1995 1,913,284 (2)
<br /> Source: (1) State Board of Equalization through the City of Orange.
<br /> (2) Municipal Resource Consultants through the City of Orange.
<br /> Property Tax Revenues
<br /> The total assessed valuation of the property within Orange for the fiscal year 1994-95 was
<br /> $7,563,913,657. The total appropriations limit adopted by Orange for fiscal year 1994-95 was
<br /> $59,437,744, and the actual appropriations for the same period were $37,040,310.
<br /> The City receives funds annually from the State based upon a percentage of property taxes
<br /> collected within the County computed on the respective assessed valuation of Orange, and a statutory
<br /> system of annual appropriations. The table below presents the assessed valuation of property within
<br /> Orange for the past five fiscal years.
<br /> CITY OF ORANGE
<br /> Assessed Valuations
<br /> (Fiscal Year 1990-91 through 1994-95)
<br /> Fiscal Total Total After
<br /> Year Local Secured Utility Unsecured Assessed Value Rdv.Increment
<br /> 1990-91 $6,283,502,551 $18,194,685 $601,273,141 $6,902,970,377 $6,075,335,994
<br /> 1991-92 6,702,279,667 14,373,993 647,219,265 7,363,872,925 6,436,458,356
<br /> 1992-93 6,987,713,016 15,985,550 619,985,887 7,623,684,453 6,681,225,101
<br /> 1993-94 7,081,924,004 16,516,078 630,595,364 7,729,035,446 6,741,557,317
<br /> 1994-95 7,045,175,938 17,140,563 501,597,156 7,563,913,657 6,639,219,733
<br /> Source: Orange County Office of Auditor-Controller
<br /> B-53
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