Palo Alto City Council
August 11, 2025

A) Assessed Valuations (AV )
1 ) 2025-26 Taxable Secured Assessed Valuation (AV) 51,809,035,097 $ 2 ) 2025-26 Taxable Unsecured A V 2,365,273,961$
3 ) Less: Estimated Delinquenc y 0.00% - $
4 ) Net Taxable Unsecured AV 2,365,273,961$
5 ) Total Assessed Valuation (AV ) 54,174,309,058$
B) Tax Levy Requiremen t
5 ) 2026 Calendar Year Debt Service Payments
2013 (Tax-Exempt) GO Bonds - February 1,2026 211,425.00 $ 2013 (Tax-Exempt) GO Bonds - August 1, 2026 211,425.00 422,850.00 6 ) 2022A (Tax-Exempt) GO Bonds - February 1,2026 762,625.00 $ 7 ) 2022A (Tax-Exempt) GO Bonds - August 1, 2026 2,282,625.00 3,045,250.00 8 ) 2022B (Taxable) GO Bonds - February 1,2026 32,300.00 $ 9 ) 2022B (Taxable) GO Bonds - August 1, 2026 552,300.00 584,600.00 10 ) Total Calendar Year 2026 Debt Service Payments 4,052,700.00 11 ) Excess Funds on Hand Applied Toward Debt Service (25,000.00) 12 ) Sub-total 4,027,700.00
13 ) Santa Clara County Administration Fee (0.25% of Principal & Interest) 10,069.25 14 ) Total 2025-26 Annual Debt Service Requirement 4,037,769.25 C) Secured and Unsecured Tax Rate
15 ) 2025-26 Unsecured Tax Rate per $100 of Unsecured AV (Prior Year's Secured Tax Rate) 0.00761 $ 16 ) 2025-26 Unsecured Tax Rate per $100,000 of Unsecured AV 7.61 $ 17 ) 2025-26 Estimated Revenue from Unsecured AV (line 4 divide by 100 times by line 15) 179,997.35 $ 18 ) 2025-26 Estimated Revenue from Secured AV (line 14 minus line 17 ) 3,857,771.90 19 ) Total 2025-26 Annual Debt Service Requirement 4,037,769.25 $ 20 ) 2025-26 Secured Tax Rate per $100 of Secured AV (line 18 divided by line 1 times 100) 0.00745 $ 21 ) 2025-26 Secured Tax Rate per $100,000 of Secured AV (line 18 divided by line 1 times 100,000) 7.45 $ Exhibit A
City of Palo Alto
General Obligation (GO) Bonds, Election of 2008, Series 2013, 2022A and 2022B Tax Rate Calculation Based on 2025-26 Assessed Values