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HdLQ THE CITY OF SANTA ANA
<br />Coren & Cone PROP 8 POTENTIAL RECAPTURE HISTORY
<br />Single Family Residential Parcels
<br />Roll Prop 8 Real Value of Inflation Potential % of Prop 8 Parcels Increase in Real 3rop 8 Parcels that Increase in Real
<br />Year Parcel Prop 8 Parcels Adjusted Peak Recapture All Parcels that have fully AV Due to full have Recaptured AV Due to
<br />Count Taxable Values Recaptured Recaptures Value Recaptures
<br />2008
<br />6,864
<br />2,929,864,597
<br />3,405,235,796
<br />475,371,199
<br />15.8%
<br />135
<br />1,608,960
<br />243
<br />2,539,151
<br />2009
<br />11,259
<br />2,993,309,401
<br />4,604,423,049
<br />1,611,113,648
<br />25.8%
<br />1,038
<br />23,288,008
<br />4,212
<br />135,004,861
<br />2010
<br />9,890
<br />2,646,431,744
<br />3,979,452,985
<br />1,333,021,241
<br />22.7%
<br />860
<br />24,277,429
<br />4,386
<br />137,213,926
<br />2011
<br />9,150
<br />2,616,468,486
<br />3,705,277,562
<br />1,088,809,076
<br />21.0%
<br />13
<br />314,566
<br />154
<br />1,682,350
<br />2012
<br />11,612
<br />3,195,214,404
<br />4,289,429,224
<br />1,094,214,820
<br />26.6%
<br />3,765
<br />43,555,820
<br />10,849
<br />194,265,522
<br />2013
<br />7,213
<br />2,165,179,420
<br />3,041,954,664
<br />876,775,244
<br />16.5%
<br />2,215
<br />54,125,797
<br />6,590
<br />249,198,901
<br />2014
<br />4,780
<br />1,625,476,372
<br />2,236,455,257
<br />610,978,885
<br />11.0%
<br />1,121
<br />37,331,879
<br />3,776
<br />162,258,478
<br />2015
<br />3,421
<br />1,331,481,904
<br />1,792,636,978
<br />461,155,074
<br />7.8%
<br />405
<br />13,107,681
<br />2,428
<br />73,534,626
<br />2016
<br />2,839
<br />1,164,916,011
<br />1,549,469,010
<br />384,552,999
<br />6.5%
<br />290
<br />10,132,817
<br />1,706
<br />67,657,910
<br />2017
<br />2,318
<br />1,006,638,880
<br />1,331,695,861
<br />325,056,981
<br />5.3%
<br />318
<br />14,166,889
<br />1,720
<br />80,853,839
<br />2018
<br />1,973
<br />919,908,683
<br />1,195,754,873
<br />275,846,190
<br />4.5%
<br />192
<br />7,331,235
<br />910
<br />39,211,831
<br />2019
<br />1,679
<br />794,652,730
<br />1,058,910,974
<br />264,258,244
<br />3.8%
<br />Totals for Single Family Residential Parcels Prop 8 History
<br />Potential Recapture
<br />Net AV
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<br />�O rt0 rt0 �O rt0 rt0 ry0 �O rt0 rt0 rt0 �O
<br />Recapture Potential
<br />Recaptured Value
<br />Fully Recaptured
<br />The report identifies parcels that were granted a value reduction and possess value recapture potential per Proposition 8. The reductions were based on market conditions at the time of assessor review. This calculation is derived from
<br />historical transfers of ownership, Assessor applied Proposition 8 reductions and trends in the marketplace relative to median and average home sales and is an estimate of the impact of current adjustments to the assessment roll as of the
<br />2020-21 lien date.
<br />The Inflation Adjusted Peak Value is defined as a parcel's highest value after its most recent sale. If a parcel is assessed for a lower value after its most recent sale, then the sales price becomes the peak value. Peak values are inflated
<br />annually according to Proposition 13. Prop 8 Parcels that have recaptured value include both parcels that have been fully recaptured as well as parcels that have only recaptured a portion of the Inflation Adjusted Peak Values. Proposition 8
<br />potential value recapture is shown in the Potential Recapture Column and assumes no future sales transactions. Sale of Proposition 8 parcels resets base value and removes the parcel from the Proposition 8 list.
<br />Data Source: Orange County Assessor Combined Tax Rolls; Sales Through 9/30/2020 V3.0 Prepared On 10/20/2020 By PC
<br />This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Page 9
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