2022 -- SUMMARY OF ESTIMATE FINANCIAL ANALYSIS FOR MILLS ACT CONTRACTS** Property Address Est. Assessed
Value (MILLS
ACT)
Current Tax
(Prop. 13)
Est. Tax
(MILLS ACT)
Est. Reduction in
Property Tax
City Revenue
(Prop. 13)
City Revenue
(MILLS ACT)
City Revenue
Reduction
Est. Reduction
in Property Tax
as a %
2602 3
rd Street $790,411 $72,316 $10,045 $62,271 $11,571 $1,607 ($9,964) 86% 227 Beach Street $12,409 $66,782 $1,284 $65,498 $10,685 $205 ($10,480) 98% 227 Broadway $2,822,247 $146,294 $29,241 $117,080 $23407 $4,674 ($18,733) 80% 818 Grant Street. $1,533,276 $42,549 $15,872 $15,872 $23,407 $2,539 ($20,867) 89% 174 Kinney Street $3,078,630
$138,790
$31,868 $46,850 $22,206 $5,099 ($17,107) 77%
** estimate $14,124
Mills Act Financial Analysis
Santa Monica City Council
October 25, 2022
- Document
- Mills Act Financial Analysis
- Meeting
- October 25, 2022
- Body
- Santa Monica City Council
- Original file
- 18 KB
Text extracted from the city's file for reading and search. Open the original on santamonicacityca.iqm2.com. That file is the official record.