Palo Alto City Council
August 10, 2026

City of Palo Alto
General Obligation Bonds, Election of 2008, Series 2010 Tax Rate Calculation Based on Assessed Values
A) Assessed Valuations (AV)
1 ) Taxable Secured Assessed Valuation (AV) $54,387,073,467.00 2 ) Taxable Unsecured AV $2,691,820,156.00
3 ) Less: Estimated Delinquency 0.65% ($17,496,831.01) 4 ) Net Taxable Unsecured AV $2,674,323,324.99
B) Tax Levy Requirement
5 ) 2027 Calendar Year Debt Service Payments
2013 (Tax-Exempt) GO Bonds - February 1,2027 $211,425.00 2013 (Tax-Exempt) GO Bonds - August 1, 2027 $211,425.00 $422,850.00 2022A (Tax-Exempt) GO Bonds - February 1,2027 $724,625.00 2022A (Tax-Exempt) GO Bonds - August 1, 2027 $2,324,625.00 $3,049,250.00 2022B (Taxable) GO Bonds - February 1,2027 $21,900.00
2022B (Taxable) GO Bonds - August 1, 2027 $556,900.00 $578,800.00 Total Calendar Year 2027 Debt Service Payments $4,050,900.00 6 ) Excess Funds on Hand Applied Toward Debt Service ($100,000.00) 7 ) Sub-total $3,950,900.00
8 ) Santa Clara County Administration Fee (0.25% of Principal & Interest) & Consultant Fees $13,377.25 9) Total Annual Debt Service Requirement $3,964,277.25 C) Secured and Unsecured Tax Rate
10 ) Unsecured Tax Rate per $100 of Unsecured AV (Prior Year's Secured Tax Rate) 0.007450 $ 11 ) Unsecured Tax Rate per $100,000 of Unsecured AV 7.45 $ 12 ) Estimated Revenue from Unsecured AV (line 4 divide by 100 times by line 12) 199,237.09 $ 13 ) Estimated Revenue from Secured AV (line 11 minus line 13) 3,765,040.16 14 ) Total Annual Debt Service Requirement 3,964,277.25$ 15 ) Secured Tax Rate per $100 of Secured AV (line 14 divided by line 1*100) 0.00692 $ 16 ) Secured Tax Rate per $100,000 of Secured AV (line 14 divided by line 1 times 100,000) 6.92 $ Exhibit A