Cities Index.
Mills Act Tax Estimates (10-13-26 Staff Report)

Santa Monica City Council
October 13, 2026

Document
Mills Act Tax Estimates (10-13-26 Staff Report)
Meeting
October 13, 2026
Body
Santa Monica City Council
Original file
7 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.

Property Address
325 Georgina Ave. $ 2,071,439.37 $96,683.77 $21,128.68
1355 3rd Street $ 7,072,405.43 $109,227.48 $72,138.54
2623 Third Street $ 504,110.52 $50,829.21 $5,141.93
Est. Assessed
Value (MILLS
ACT)
Current Tax
(Prop. 13)
Est. Tax (MILLS ACT)
Mills Act Value x 0.0102
$75,555.09 $13,535.73 $2,958.02 $10,577.71 78%
$37,088.94 $15,291.85 $10,099.39 $5,192.45 34%
$45,687.28 $7,116.09 $719.87 $6,396.22 90%
** estimate $13,777.28
$22,166.38
City
Revenue
Reduction
Est. Reduction in
Property Tax as a
%
Est.

Reduction in
Property Tax
City Revenue
(Prop. 13) 14% of
total tax
City Revenue
(MILLS ACT)

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