Cities Index.
2023 Mills Act Financial Analysis

Santa Monica City Council
October 24, 2023

Document
2023 Mills Act Financial Analysis
Meeting
October 24, 2023
Body
Santa Monica City Council
Original file
17 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.

2023 -- 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 %
3014 4th Street $3,003,152 $61,115 $31,087 $30,028 $9,778.4 $4,973.9 ($4,804) 49% ** estimate $4,973.9

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