Palo Alto City Council
August 5, 2024

A) Assessed Valuations (AV )
1 ) 2024-25 Taxable Secured Assessed Valuation (AV) 49,343,195,499 $ 2 ) 2024-25 Taxable Unsecured A V 2,461,561,907$
3 ) Less: Estimated Delinquenc y 0.00% - $
4 ) Net Taxable Unsecured AV 2,461,561,907$
5 ) Total Assessed Valuation (AV ) 51,804,757,406$
B) Tax Levy Requiremen t
5 ) 2025 Calendar Year Debt Service Payments
2013 (Tax-Exempt) GO Bonds - February 1,2025 211,425.00 $ 2013 (Tax-Exempt) GO Bonds - August 1, 2025 211,425.00 422,850.00 6 ) 2022A (Tax-Exempt) GO Bonds - February 1,2025 798,750.00 $ 7 ) 2022A (Tax-Exempt) GO Bonds - August 1, 2025 2,243,750.00 3,042,500.00 8 ) 2022B (Taxable) GO Bonds - February 1,2025 42,200.00 $ 9 ) 2022B (Taxable) GO Bonds - August 1, 2025 537,200.00 579,400.00 10 ) Total Calendar Year 2025 Debt Service Payments 4,044,750.00 11 ) Excess Funds on Hand Applied Toward Debt Service (100,000.00) 12 ) Sub-total 3,944,750.00
13 ) Santa Clara County Administration Fee (0.25% of Principal & Interest) 9,861.88 14 ) Total 2024-25 Annual Debt Service Requirement 3,954,611.88 C) Secured and Unsecured Tax Rate
15 ) 2024-25 Unsecured Tax Rate per $100 of Unsecured AV (Prior Year's Secured Tax Rate) 0.00807 $ 16 ) 2024-25 Unsecured Tax Rate per $100,000 of Unsecured AV 8.07 $ 17 ) 2024-25 Estimated Revenue from Unsecured AV (line 4 divide by 100 times by line 15) 198,648.05 $ 18 ) 2024-25 Estimated Revenue from Secured AV (line 14 minus line 17 ) 3,755,963.83 19 ) Total 2024-25 Annual Debt Service Requirement 3,954,611.88 $ 20 ) 2024-25 Secured Tax Rate per $100 of Secured AV (line 18 divided by line 1*100) 0.00761 $ 21 ) 2024-25 Secured Tax Rate per $100,000 of Secured AV (line 18 divided by line 1 times 100,000) 7.61 $ Exhibit A
City of Palo Alto
General Obligation (GO) Bonds, Election of 2008, Series 2013, 2022A and 2022B Tax Rate Calculation Based on 2024-25 Assessed Values