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Santa Ana receives funds annually from the State based upon a percentage of property taxes collected
<br /> within the County computed on Santa Ana's respective assessed valuation, and a statutory system of annual
<br /> appropriations. The table below presents the assessed valuation of property within Santa Ana for the past five
<br /> fiscal years.
<br /> CITY OF SANTA ANA
<br /> Assessed Valuations
<br /> (In Millions)
<br /> Fiscal Local Total Before Total After
<br /> Year Secured Utility Unsecured Rdv. Increment Rdv. Increment
<br /> 1990-91 $7,350 $7 $755 $8,112 $10,699
<br /> 1991-92 7,720 6 802 8,528 11,251
<br /> 1992-93 7,800 7 829 8,836 11,641
<br /> 1993-94 7,971 7 828 8,806 11,451
<br /> 1994-95 7,908 6 694 8,608 11,031
<br /> Source: City of Santa Ma CAFR, County of Orange Assessor
<br /> The table below presents Santa Ana's property tax valuation and collection experience for the last ten
<br /> fiscal years.
<br /> CITY OF SANTA ANA
<br /> Property Tax Levies and Collections
<br /> Last Ten Fiscal Years
<br /> Fiscal
<br /> Year Percentage Delinquent Ratio Total
<br /> Ending Tax Tax Current Collected Tax Total Collection
<br /> June 30 Rate Levied Collection Currently Collection Collection') To Levy
<br /> 1986 (2) $14,399,736 $13,817,709 96.0% $ 345,391 $ 14,163,100 98.4%
<br /> 1987 (2) 15,957,490 15,101,451 94.6% 450,551 15,552,002 97.5%
<br /> 1988 (2) 16,887,343 16,411,151 97.2% 741,785 17,152,936 101.6%
<br /> 1989 (2) 18,563,060 17,521,630 94.4% 916,506 18,438,136 99.3%
<br /> 1990 (2) 20,341,732 19,012,022 93.5% 725,869 19,737,891 97.0%
<br /> 1991 (2) 21,649,324 19,819,687 91.5% 782,162 20,601,849 95.2%
<br /> 1992 (2) 22,658,964 21,092,648 93.1% 807,428 21,900,076 96.7%
<br /> 1993 (2) 20,451,119 18,608,999 91.0% 976,850 19,585,849 95.8%
<br /> 1994 (2) 17,394,840 16,480,858 94.7% 1,719,517 18,200,375 104.6%
<br /> 1995 (2) 16,388,236 15,568,903 95.0% 213,795 15,782,698 96.3%
<br /> Source: City of Santa Ana,County of Orange Assessor
<br /> "' Excludes Business Inventories and Homeowner's Exemptions,and Redevelopment Tax Increment.
<br /> '=' Proposition 13 eliminated the property tax rate for cities exclusive of voted bond issues for which a rate may he established for debt service. The City of Santa Ana has
<br /> no such debt at June 30, 1995.
<br /> B-69
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