Technology Centered Mega Developments Lead Silicon Valley’s Boom.
Assessment Roll Tops Half a $Trillion; Longest Period of Growth in Decades
Following the Great Recession of 2008-2010, Silicon Valley continues to experience an unprecedented economic boom as reflected in the assessment roll data released by Santa Clara County Assessor Larry Stone. Stone announced today that the annual assessment roll hit $516 billion, a 6.79 percent increase over the prior year. The assessment roll reflects the total net assessed value of all real and business property in Santa Clara County as of January 1, 2019.
During the past eight years, the assessment roll has grown 53 percent, more than any time since the hyperinflation period in the early 1980’s. Assessment Roll Total Value and Growth for every City and School District in Santa Clara County will be posted on-line at www.sccassessor.org.
The major beneficiaries of property tax revenue are public schools, community colleges, cities and the County. Fifty percent of local property tax revenue generated in Santa Clara County goes to fund public education.
The growth in the assessment roll is due to mega office and commercial property developments and major property acquisitions by iconic tech companies, including Apple, Google, LinkedIn, Adobe and Nvidia.
Two technology companies, Apple and Google, accounted for 3 percent of the total increase. The assessed value of all Apple properties increased by $271 million. In addition, the total assessed value of all Google properties increased by $759 million.
In addition to new construction and changes in ownership, the assessed values of business property,
i.e. machinery, equipment, computers, and fixtures grew by virtually the same amount as the prior year 3.3 percent, another indication that our local economy is beginning to cool. The final component of assessment roll growth is the two percent increase in the assessed value of all properties mandated by Proposition 13.
The growth in assessed value is the direct result of several economic factors. For the first time in history, the Bay Area has four million jobs, fed by the technology sector. In San Jose, the median household income increased 21.8 percent in the last three years to $122,000, the 10th highest in the U.S.
The unemployment rate in Santa Clara County is 2.1 percent, lower than the state at 4.3 percent and
Santa Clara County Assessment Roll Close Media Release Page 1. of 3 July 2, 2019
the nation at 3.6 percent. That is equivalent of “full” employment. “We are adding jobs, in spite of record home prices, traffic jams, fears of trade wars and labor force constraints. If the Bay Area was a country, it would be the 18th largest economy in the world”, said Stone.
“Extremely low unemployment rates in Silicon Valley have driven the cost of tech talent to an all-time high, creating a serious high-tech labor shortage. Employers, particularly technology companies, are having problems hiring skilled employees due to sky-rocketing housing costs. The lack of affordable worker housing is making it impossible for employers to fill existing jobs”, said Stone.
“The Silicon Valley office market closed on another record year, a much longer period of expansion than the “dot-com boom”, 19 years ago. Office vacancy in Silicon Valley has declined from 25 percent in 2009, to 7.4 percent at the end of the first quarter. In Silicon Valley, 7.7 million square feet of office space was under construction in the first quarter of 2019, the most since 2000. Seventy-five percent of the 7.7 million square feet was pre-leased before completion of construction. Google has 20 million square feet of office space under lease in Silicon Valley, most of it in Santa Clara County. Vacancy countywide is 1.7 percent for warehouse, and 2.7 percent for industrial at the end of the first quarter, an 18-year low. Apartment rents have increased 52 percent since 2010, with vacancy below five percent”, said Stone.
Assessor Stone cautioned that “there are early indicators that the economy may be in transition if for no other reason than we are due for a recession. Nationally, job growth in 2019 has slowed dramatically. We are seeing a marked increase in “for rent/lease” signs outside of major apartment complexes in addition to concessions such as free rent and reduced deposits to attract tenants, a clear signal that the peak of the apartment market has passed.
The same is true in the commercial sector. The unsustainable and frenzied leasing activity of 2015 and 2016 has slowed, in part, as a result of the significant increase in the supply of new office space.” These changes will likely slow the assessment roll growth in future years. Consumer confidence recently dropped to the lowest level since September 2017.
The Santa Clara County assessment roll closed on time by the statutory deadline of July 1, 2019. For the 17th consecutive year, the Assessor operated below budget, returning $1.3 million unspent back to the County’s general fund.
Assessor Annual Notification of Assessed Value
On June 28, the Assessor’s Office mailed annual assessment notices to 492,423 property owners reporting each property’s 2019-2020 assessed value. The notice serves as the basis for the property tax bill mailed in the fall. Santa Clara County is one of only nine other counties in California providing early notice to all property owners. “Most property owners in California learn of their assessed value for the first time when they receive their property tax bill in October,” said Stone. The County Finance Agency has created a tool to help property owners learn exactly how much of their property tax dollars go to their neighborhood public schools, community colleges and government agencies, including the 15 cities and county government.
Property owners who disagree with the assessed value printed on their notice are encouraged to take advantage of the Assessor’s “online tool,” available 24/7, enabling property owners to review the sale of comparable properties the Assessor used to determine their assessment. An interactive service modeled after online banking, the Opt-In Tool, allows taxpayers to securely receive assessment
notices, in addition to interacting with the Assessor’s Office electronically rather than by mail, telephone, or in person. To access the data, a property owner must have a username and password created last year, or the PIN listed on the annual assessment notice.
Property owners who can demonstrate that their assessed value is higher than the market value of their property are encouraged to request an informal review of their assessment. The Assessor’s property appraisal staff will complete as many informal reviews as possible prior to August 1, the deadline for making changes that will be reflected on the property tax bill mailed in the fall. More information is available at www.sccassessor.org.
Assessment Appeals
The annual notice also describes the process for filing a formal assessment appeal by the September 16, 2019 deadline. Residential property owners who decide to file a formal assessment appeal, are encouraged to request their appeal be adjudicated by an independent residential Value Hearing Officer (VHO), rather than the more formal three-member Assessment Appeals Board. VHO hearings are scheduled frequently, allowing for a more rapid resolution.
“Property owners who disagree with the assessed value should not wait for the tax bill before filing an appeal, as the tax bill is mailed by the Tax Collector after the assessment appeal filing deadline”, said Stone. More information is available from the Clerk of the Board by calling (408) 299-5088, or going to their website (http://www.sccgov.org/assessmentappeals).
Note: Additional information, such as a detailed city-by-city breakdown of the assessment roll, is available in the Assessor’s Annual Report published in August. Property owners who wish to receive the Annual Report can send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..
|
City |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Campbell |
City |
Secured |
$9,527,522,092 |
$8,846,539,389 |
7.70% |
|
Unsecured |
$222,484,624 |
$201,043,159 |
10.67% |
||
|
Total |
$9,750,006,716 |
$9,047,582,548 |
7.76% |
||
|
RPTTF Only* |
Secured |
$1,240,230,822 |
$1,063,485,148 |
16.62% |
|
|
Unsecured |
$73,295,053 |
$75,804,300 |
-3.31% |
||
|
Total |
$1,313,525,875 |
$1,139,289,448 |
15.29% |
||
|
All |
Secured |
$10,767,752,914 |
$9,910,024,537 |
8.66% |
|
|
Unsecured |
$295,779,677 |
$276,847,459 |
6.84% |
||
|
Total |
$11,063,532,591 |
$10,186,871,996 |
8.61% |
||
|
Cupertino |
City |
Secured |
$24,370,718,536 |
$23,402,123,229 |
4.14% |
|
Unsecured |
$1,642,461,888 |
$1,780,065,668 |
-7.73% |
||
|
Total |
$26,013,180,424 |
$25,182,188,897 |
3.30% |
||
|
Gilroy |
City |
Secured |
$9,001,686,593 |
$8,445,397,378 |
6.59% |
|
Unsecured |
$257,499,646 |
$256,724,279 |
0.30% |
||
|
Total |
$9,259,186,239 |
$8,702,121,657 |
6.40% |
||
|
Los Altos |
City |
Secured |
$16,677,044,615 |
$15,607,418,715 |
6.85% |
|
Unsecured |
$131,971,942 |
$112,813,483 |
16.98% |
||
|
Total |
$16,809,016,557 |
$15,720,232,198 |
6.93% |
||
|
Los Altos Hills |
City |
Secured |
$8,513,267,978 |
$8,075,527,148 |
5.42% |
|
Unsecured |
$3,724,990 |
$3,773,145 |
-1.28% |
||
|
Total |
$8,516,992,968 |
$8,079,300,293 |
5.42% |
||
|
Los Gatos |
City |
Secured |
$11,793,052,101 |
$11,144,380,950 |
5.82% |
|
Unsecured |
$274,501,181 |
$298,728,273 |
-8.11% |
||
|
Total |
$12,067,553,282 |
$11,443,109,223 |
5.46% |
||
|
RPTTF Only |
Secured |
$1,715,982,555 |
$1,649,370,473 |
4.04% |
|
|
Unsecured |
$57,016,031 |
$60,548,392 |
-5.83% |
||
|
Total |
$1,772,998,586 |
$1,709,918,865 |
3.69% |
||
|
All |
Secured |
$13,509,034,656 |
$12,793,751,423 |
5.59% |
|
|
Unsecured |
$331,517,212 |
$359,276,665 |
-7.73% |
||
|
Total |
$13,840,551,868 |
$13,153,028,088 |
5.23% |
||
|
Milpitas |
City |
Secured |
$9,740,308,696 |
$9,038,217,944 |
7.77% |
|
Unsecured |
$726,173,370 |
$619,113,378 |
17.29% |
||
|
Total |
$10,466,482,066 |
$9,657,331,322 |
8.38% |
||
|
RPTTF Only |
Secured |
$8,345,390,890 |
$7,549,820,791 |
10.54% |
|
|
Unsecured |
$1,185,011,212 |
$1,134,639,674 |
4.44% |
||
|
Total |
$9,530,402,102 |
$8,684,460,465 |
9.74% |
||
|
All |
Secured |
$18,085,699,586 |
$16,588,038,735 |
9.03% |
|
|
Unsecured |
$1,911,184,582 |
$1,753,753,052 |
8.98% |
||
|
Total |
$19,996,884,168 |
$18,341,791,787 |
9.02% |
||
|
Monte Sereno |
City |
Secured |
$2,294,415,950 |
$2,189,334,093 |
4.80% |
|
Unsecured |
$585,703 |
$415,800 |
40.86% |
||
|
Total |
$2,295,001,653 |
$2,189,749,893 |
4.81% |
|
City |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Morgan Hill |
City |
Secured |
$6,612,086,568 |
$6,168,785,548 |
7.19% |
|
Unsecured |
$188,022,222 |
$186,748,918 |
0.68% |
||
|
Total |
$6,800,108,790 |
$6,355,534,466 |
7.00% |
||
|
RPTTF Only |
Secured |
$3,260,582,989 |
$2,951,595,357 |
10.47% |
|
|
Unsecured |
$168,684,911 |
$143,842,440 |
17.27% |
||
|
Total |
$3,429,267,900 |
$3,095,437,797 |
10.78% |
||
|
All |
Secured |
$9,872,669,557 |
$9,120,380,905 |
8.25% |
|
|
Unsecured |
$356,707,133 |
$330,591,358 |
7.90% |
||
|
Total |
$10,229,376,690 |
$9,450,972,263 |
8.24% |
||
|
Mountain View |
City |
Secured |
$26,261,569,049 |
$24,158,000,441 |
8.71% |
|
Unsecured |
$1,425,305,647 |
$1,336,008,156 |
6.68% |
||
|
Total |
$27,686,874,696 |
$25,494,008,597 |
8.60% |
||
|
RPTTF Only |
Secured |
$3,493,033,375 |
$2,955,792,774 |
18.18% |
|
|
Unsecured |
$727,998,180 |
$955,535,425 |
-23.81% |
||
|
Total |
$4,221,031,555 |
$3,911,328,199 |
7.92% |
||
|
All |
Secured |
$29,754,602,424 |
$27,113,793,215 |
9.74% |
|
|
Unsecured |
$2,153,303,827 |
$2,291,543,581 |
-6.03% |
||
|
Total |
$31,907,906,251 |
$29,405,336,796 |
8.51% |
||
|
Palo Alto |
City |
Secured |
$37,331,775,663 |
$34,891,627,511 |
6.99% |
|
Unsecured |
$2,007,283,607 |
$1,969,849,924 |
1.90% |
||
|
Total |
$39,339,059,270 |
$36,861,477,435 |
6.72% |
||
|
San Jose |
City |
Secured |
$156,717,634,530 |
$146,107,209,554 |
7.26% |
|
Unsecured |
$4,839,672,750 |
$4,498,614,897 |
7.58% |
||
|
Total |
$161,557,307,280 |
$150,605,824,451 |
7.27% |
||
|
RPTTF Only |
Secured |
$29,439,943,018 |
$27,390,727,449 |
7.48% |
|
|
Unsecured |
$4,678,498,448 |
$4,282,432,491 |
9.25% |
||
|
Total |
$34,118,441,466 |
$31,673,159,940 |
7.72% |
||
|
All |
Secured |
$186,157,577,548 |
$173,497,937,003 |
7.30% |
|
|
Unsecured |
$9,518,171,198 |
$8,781,047,388 |
8.39% |
||
|
Total |
$195,675,748,746 |
$182,278,984,391 |
7.35% |
||
|
Santa Clara |
City |
Secured |
$34,418,067,714 |
$31,964,281,926 |
7.68% |
|
Unsecured |
$6,349,643,970 |
$5,883,830,530 |
7.92% |
||
|
Total |
$40,767,711,684 |
$37,848,112,456 |
7.71% |
||
|
RPTTF Only |
Secured |
$4,184,271,264 |
$4,733,686,050 |
-11.61% |
|
|
Unsecured |
$1,279,888,594 |
$1,382,793,009 |
-7.44% |
||
|
Total |
$5,464,159,858 |
$6,116,479,059 |
-10.66% |
||
|
All |
Secured |
$38,602,338,978 |
$36,697,967,976 |
5.19% |
|
|
Unsecured |
$7,629,532,564 |
$7,266,623,539 |
4.99% |
||
|
Total |
$46,231,871,542 |
$43,964,591,515 |
5.16% |
||
|
Saratoga |
City |
Secured |
$16,121,178,596 |
$15,350,010,137 |
5.02% |
|
Unsecured |
$46,109,923 |
$43,218,776 |
6.69% |
||
|
Total |
$16,167,288,519 |
$15,393,228,913 |
5.03% |
|
City |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Sunnyvale |
City |
Secured |
$44,386,513,515 |
$41,080,747,027 |
8.05% |
|
Unsecured |
$3,427,516,307 |
$3,597,134,703 |
-4.72% |
||
|
Total |
$47,814,029,822 |
$44,677,881,730 |
7.02% |
||
|
RPTTF Only |
Secured |
$1,777,654,227 |
$1,542,106,076 |
15.27% |
|
|
Unsecured |
$84,142,864 |
$132,134,268 |
-36.32% |
||
|
Total |
$1,861,797,091 |
$1,674,240,344 |
11.20% |
||
|
All |
Secured |
$46,164,167,742 |
$42,622,853,103 |
8.31% |
|
|
Unsecured |
$3,511,659,171 |
$3,729,268,971 |
-5.84% |
||
|
Total |
$49,675,826,913 |
$46,352,122,074 |
7.17% |
||
|
Unincorporated |
City |
Secured |
$18,816,902,415 |
$17,761,809,854 |
5.94% |
|
Unsecured |
$230,474,622 |
$224,629,052 |
2.60% |
||
|
Total |
$19,047,377,037 |
$17,986,438,906 |
5.90% |
||
|
RPTTF Only |
Secured |
$2,178 |
$2,136 |
1.97% |
|
|
Unsecured |
0 |
$0 |
|||
|
Total |
$2,178 |
$2,136 |
1.97% |
||
|
All |
Secured |
$18,816,904,593 |
$17,761,811,990 |
5.94% |
|
|
Unsecured |
$230,474,622 |
$224,629,052 |
2.60% |
||
|
Total |
$19,047,379,215 |
$17,986,441,042 |
5.90% |
||
|
Total |
City |
Secured |
$432,583,744,611 |
$404,231,410,844 |
7.01% |
|
Unsecured |
$21,773,432,392 |
$21,012,712,141 |
3.62% |
||
|
Total |
$454,357,177,003 |
$425,244,122,985 |
6.85% |
||
|
Total |
RPTTF Only |
Secured |
$53,457,091,318 |
$49,836,586,254 |
7.26% |
|
Unsecured |
$8,254,535,293 |
$8,167,729,999 |
1.06% |
||
|
Total |
$61,711,626,611 |
$58,004,316,253 |
6.39% |
||
|
Total |
All |
Secured |
$486,040,835,929 |
$454,067,997,098 |
7.04% |
|
Unsecured |
$30,027,967,685 |
$29,180,442,140 |
2.90% |
||
|
Totals |
$516,068,803,614 |
$483,248,439,238 |
6.79% |
||
`
*RPTTF - Redevelopment Property Tax Trust Fund
|
Elementary School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Alum Rock Union |
City |
Secured |
$10,095,216,694 |
$9,156,050,427 |
10.26% |
|
Unsecured |
$160,213,952 |
$158,644,085 |
0.99% |
||
|
Total |
$10,255,430,646 |
$9,314,694,512 |
10.10% |
||
|
RPTTF Only* |
Secured |
$109,673,313 |
$104,866,636 |
4.58% |
|
|
Unsecured |
$ 161,284 |
$153,246 |
5.25% |
||
|
Total |
$109,834,597 |
$105,019,882 |
4.58% |
||
|
All |
Secured |
$10,204,890,007 |
$9,260,917,063 |
10.19% |
|
|
Unsecured |
$160,375,236 |
$158,797,331 |
0.99% |
||
|
Total |
$10,365,265,243 |
$9,419,714,394 |
10.04% |
||
|
Berryessa Union |
City |
Secured |
$12,622,942,611 |
$11,789,998,630 |
7.06% |
|
Unsecured |
$271,904,134 |
$258,018,927 |
5.38% |
||
|
Total |
$12,894,846,745 |
$12,048,017,557 |
7.03% |
||
|
RPTTF Only |
Secured |
$525,160,912 |
$355,411,958 |
47.76% |
|
|
Unsecured |
$16,414,355 |
$15,250,727 |
7.63% |
||
|
Total |
$541,575,267 |
$370,662,685 |
46.11% |
||
|
All |
Secured |
$13,148,103,523 |
$12,145,410,588 |
8.26% |
|
|
Unsecured |
$288,318,489 |
$273,269,654 |
5.51% |
||
|
Total |
$13,436,422,012 |
$12,418,680,242 |
8.20% |
||
|
Burbank |
City |
Secured |
$433,401,592 |
$400,509,600 |
8.21% |
|
Unsecured |
$ 5,166,144 |
$5,123,519 |
0.83% |
||
|
Total |
$438,567,736 |
$405,633,119 |
8.12% |
||
|
Cambrian |
City |
Secured |
$ 6,622,761,339 |
$6,243,741,713 |
6.07% |
|
Unsecured |
$78,408,164 |
$81,435,750 |
-3.72% |
||
|
Total |
$6,701,169,503 |
$6,325,177,463 |
5.94% |
||
|
RPTTF Only |
Secured |
$235,360,554 |
$222,946,583 |
5.57% |
|
|
Unsecured |
$25,466,909 |
$24,627,794 |
3.41% |
||
|
Total |
$260,827,463 |
$247,574,377 |
5.35% |
||
|
All |
Secured |
$6,858,121,893 |
$6,466,688,296 |
6.05% |
|
|
Unsecured |
$103,875,073 |
$106,063,544 |
-2.06% |
||
|
Total |
$6,961,996,966 |
$6,572,751,840 |
5.92% |
||
|
Campbell Union |
City |
Secured |
$22,896,008,397 |
$20,972,239,509 |
9.17% |
|
Unsecured |
$582,361,580 |
$649,563,059 |
-10.35% |
||
|
Total |
$23,478,369,977 |
$21,621,802,568 |
8.59% |
||
|
RPTTF Only |
Secured |
$1,004,870,268 |
$840,538,565 |
19.55% |
|
|
Unsecured |
$47,828,144 |
$51,176,506 |
-6.54% |
||
|
Total |
$1,052,698,412 |
$891,715,071 |
18.05% |
||
|
All |
Secured |
$23,900,878,665 |
$21,812,778,074 |
9.57% |
|
|
Unsecured |
$630,189,724 |
$700,739,565 |
-10.07% |
||
|
Total |
$24,531,068,389 |
$22,513,517,639 |
8.96% |
||
|
Cupertino Union |
City |
Secured |
$43,509,476,741 |
$41,295,935,189 |
5.36% |
|
Unsecured |
$1,209,497,951 |
$1,214,345,036 |
-0.40% |
||
|
Total |
$44,718,974,692 |
$42,510,280,225 |
5.20% |
||
|
Evergreen |
City |
Secured |
$19,056,979,197 |
$18,123,306,501 |
5.15% |
|
Unsecured |
$153,412,064 |
$148,120,876 |
3.57% |
||
|
Total |
$19,210,391,261 |
$18,271,427,377 |
5.14% |
|
Elementary School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Franklin McKinley |
City |
Secured |
$9,344,509,361 |
$8,808,964,002 |
6.08% |
|
Unsecured |
$338,990,083 |
$327,508,417 |
3.51% |
||
|
Total |
$9,683,499,444 |
$9,136,472,419 |
5.99% |
||
|
RPTTF Only |
Secured |
$772,741,203 |
$697,343,687 |
10.81% |
|
|
Unsecured |
$95,400,476 |
$87,592,735 |
8.91% |
||
|
Total |
$868,141,679 |
$784,936,422 |
10.60% |
||
|
All |
Secured |
$10,117,250,564 |
$9,506,307,689 |
6.43% |
|
|
Unsecured |
$434,390,559 |
$415,101,152 |
4.65% |
||
|
Total |
$10,551,641,123 |
$9,921,408,841 |
6.35% |
||
|
Gilroy Unified |
City |
Secured |
$10,982,111,412 |
$10,332,177,849 |
6.29% |
|
Unsecured |
$327,285,399 |
$318,576,605 |
2.73% |
||
|
Total |
$11,309,396,811 |
$10,650,754,454 |
6.18% |
||
|
Lakeside Union |
City |
Secured |
$163,822,977 |
$151,975,876 |
7.80% |
|
Unsecured |
$82,733 |
$77,777 |
6.37% |
||
|
Total |
$163,905,710 |
$152,053,653 |
7.79% |
||
|
Loma Prieta |
City |
Secured |
$285,567,394 |
$276,074,368 |
3.44% |
|
Unsecured |
$1,044,623 |
$1,102,657 |
-5.26% |
||
|
Total |
$286,612,017 |
$277,177,025 |
3.40% |
||
|
Los Altos Elementary |
City |
Secured |
$25,563,786,568 |
$23,933,720,789 |
6.81% |
|
Unsecured |
$188,479,601 |
$165,433,682 |
13.93% |
||
|
Total |
$25,752,266,169 |
$24,099,154,471 |
6.86% |
||
|
Los Gatos Union |
City |
Secured |
$11,704,273,064 |
$11,051,055,890 |
5.91% |
|
Unsecured |
$192,263,935 |
$214,073,576 |
-10.19% |
||
|
Total |
$11,896,536,999 |
$11,265,129,466 |
5.60% |
||
|
RPTTF Only |
Secured |
$1,715,982,555 |
$1,649,370,473 |
4.04% |
|
|
Unsecured |
$57,016,031 |
$60,548,392 |
-5.83% |
||
|
Total |
$1,772,998,586 |
$1,709,918,865 |
3.69% |
||
|
All |
Secured |
$13,420,255,619 |
$12,700,426,363 |
5.67% |
|
|
Unsecured |
$249,279,966 |
$274,621,968 |
-9.23% |
||
|
Total |
$13,669,535,585 |
$12,975,048,331 |
5.35% |
||
|
Milpitas Unified |
City |
Secured |
$9,910,892,736 |
$9,199,236,024 |
7.74% |
|
Unsecured |
$727,616,163 |
$619,317,668 |
17.49% |
||
|
Total |
$10,638,508,899 |
$9,818,553,692 |
8.35% |
||
|
RPTTF Only |
Secured |
$7,820,229,978 |
$7,194,408,833 |
8.70% |
|
|
Unsecured |
$1,168,596,857 |
$1,119,388,947 |
4.40% |
||
|
Total |
$8,988,826,835 |
$8,313,797,780 |
8.12% |
||
|
All |
Secured |
$17,731,122,714 |
$16,393,644,857 |
8.16% |
|
|
Unsecured |
$1,896,213,020 |
$1,738,706,615 |
9.06% |
||
|
Total |
$19,627,335,734 |
$18,132,351,472 |
8.24% |
||
|
Moreland |
City |
Secured |
$9,635,562,378 |
$8,970,126,402 |
7.42% |
|
Unsecured |
$121,871,025 |
$119,465,977 |
2.01% |
||
|
Total |
$9,757,433,403 |
$9,089,592,379 |
7.35% |
||
|
Morgan Hill Unified |
City |
Secured |
$11,537,757,011 |
$10,834,316,993 |
6.49% |
|
Unsecured |
$277,916,694 |
$283,688,935 |
-2.03% |
||
|
Total |
$11,815,673,705 |
$11,118,005,928 |
6.28% |
||
|
RPTTF Only |
Secured |
$3,260,582,989 |
$2,951,595,357 |
10.47% |
|
|
Unsecured |
$168,684,911 |
$143,842,440 |
17.27% |
||
|
Total |
$3,429,267,900 |
$3,095,437,797 |
10.78% |
||
|
All |
Secured |
$14,798,340,000 |
$13,785,912,350 |
7.34% |
|
|
Unsecured |
$446,601,605 |
$427,531,375 |
4.46% |
||
|
Total |
$15,244,941,605 |
$14,213,443,725 |
7.26% |
||
|
Elementary School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Mount Pleasant |
City |
Secured |
$2,515,473,767 |
$2,339,542,922 |
7.52% |
|
Unsecured |
$7,664,459 |
$8,726,995 |
-12.18% |
||
|
Total |
$2,523,138,226 |
$2,348,269,917 |
7.45% |
||
|
Mountain View Elementary |
City |
Secured |
$23,483,031,160 |
$21,742,942,193 |
8.00% |
|
Unsecured |
$1,664,677,121 |
$1,449,785,639 |
14.82% |
||
|
Total |
$25,147,708,281 |
$23,192,727,832 |
8.43% |
||
|
RPTTF Only |
Secured |
$3,493,033,375 |
$2,955,792,774 |
18.18% |
|
|
Unsecured |
$727,998,180 |
$955,535,425 |
-23.81% |
||
|
Total |
$4,221,031,555 |
$3,911,328,199 |
7.92% |
||
|
All |
Secured |
$26,976,064,535 |
$24,698,734,967 |
9.22% |
|
|
Unsecured |
$2,392,675,301 |
$2,405,321,064 |
-0.53% |
||
|
Total |
$29,368,739,836 |
$27,104,056,031 |
8.36% |
||
|
North County Union Joint |
City |
Secured |
$40,830,219 |
$39,821,019 |
2.53% |
|
Unsecured |
$1,132,767 |
$1,226,623 |
-7.65% |
||
|
Total |
$41,962,986 |
$41,047,642 |
2.23% |
||
|
Oak Grove |
City |
Secured |
$13,612,645,042 |
$12,843,045,291 |
5.99% |
|
Unsecured |
$47,927,839 |
$46,779,975 |
2.45% |
||
|
Total |
$13,660,572,881 |
$12,889,825,266 |
5.98% |
||
|
RPTTF Only |
Secured |
$3,980,040,381 |
$3,642,745,633 |
9.26% |
|
|
Unsecured |
$1,070,634,900 |
$796,530,154 |
34.41% |
||
|
Total |
$5,050,675,281 |
$4,439,275,787 |
13.77% |
||
|
All |
Secured |
$17,592,685,423 |
$16,485,790,924 |
6.71% |
|
|
Unsecured |
$1,118,562,739 |
$843,310,129 |
32.64% |
||
|
Total |
$18,711,248,162 |
$17,329,101,053 |
7.98% |
||
|
Orchard |
City |
Secured |
$3,285,341,231 |
$3,170,081,423 |
3.64% |
|
Unsecured |
$441,102,519 |
$426,776,986 |
3.36% |
||
|
Total |
$3,726,443,750 |
$3,596,858,409 |
3.60% |
||
|
RPTTF Only |
Secured |
$7,547,382,907 |
$7,132,431,750 |
5.82% |
|
|
Unsecured |
$945,265,007 |
$977,760,312 |
-3.32% |
||
|
Total |
$8,492,647,914 |
$8,110,192,062 |
4.72% |
||
|
All |
Secured |
$10,832,724,138 |
$10,302,513,173 |
5.15% |
|
|
Unsecured |
$1,386,367,526 |
$1,404,537,298 |
-1.29% |
||
|
Total |
$12,219,091,664 |
$11,707,050,471 |
4.37% |
||
|
Palo Alto Unified |
City |
Secured |
$41,067,296,843 |
$38,426,282,833 |
6.87% |
|
Unsecured |
$2,011,448,006 |
$1,969,248,783 |
2.14% |
||
|
Total |
$43,078,744,849 |
$40,395,531,616 |
6.64% |
||
|
Patterson Joint |
City |
Secured |
$36,625,686 |
$34,998,522 |
4.65% |
|
Unsecured |
$46,414 |
$46,088 |
0.71% |
||
|
Total |
$36,672,100 |
$35,044,610 |
4.64% |
||
|
San Jose Unified |
City |
Secured |
$48,743,988,098 |
$45,318,131,362 |
7.56% |
|
Unsecured |
$2,514,815,825 |
$2,144,797,522 |
17.25% |
||
|
Total |
$51,258,803,923 |
$47,462,928,884 |
8.00% |
||
|
RPTTF Only |
Secured |
$6,417,166,883 |
$5,665,987,517 |
13.26% |
|
|
Unsecured |
$368,862,066 |
$370,858,535 |
-0.54% |
||
|
Total |
$6,786,028,949 |
$6,036,846,052 |
12.41% |
||
|
All |
Secured |
$55,161,154,981 |
$50,984,118,879 |
8.19% |
|
|
Unsecured |
$2,883,677,891 |
$2,515,656,057 |
14.63% |
||
|
Total |
$58,044,832,872 |
$53,499,774,936 |
8.50% |
|
Elementary School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Santa Clara Unified |
City |
Secured |
$41,572,536,934 |
$38,687,328,648 |
7.46% |
|
Unsecured |
$7,522,880,678 |
$7,173,587,093 |
4.87% |
||
|
Total |
$49,095,417,612 |
$45,860,915,741 |
7.05% |
||
|
RPTTF Only |
Secured |
$14,797,211,773 |
$14,881,040,412 |
-0.56% |
|
|
Unsecured |
$3,478,063,309 |
$3,432,330,518 |
1.33% |
||
|
Total |
$18,275,275,082 |
$18,313,370,930 |
-0.21% |
||
|
All |
Secured |
$56,369,748,707 |
$53,568,369,060 |
5.23% |
|
|
Unsecured |
$11,000,943,987 |
$10,605,917,611 |
3.72% |
||
|
Total |
$67,370,692,694 |
$64,174,286,671 |
4.98% |
||
|
Saratoga |
City |
Secured |
$12,393,962,677 |
$11,812,996,327 |
4.92% |
|
Unsecured |
$27,223,861 |
$27,907,510 |
-2.45% |
||
|
Total |
$12,421,186,538 |
$11,840,903,837 |
4.90% |
||
|
Sunnyvale Elementary |
City |
Secured |
$30,951,532,588 |
$28,448,476,821 |
8.80% |
|
Unsecured |
$2,838,684,146 |
$3,136,882,877 |
-9.51% |
||
|
Total |
$33,790,216,734 |
$31,585,359,698 |
6.98% |
||
|
RPTTF Only |
Secured |
$1,777,654,227 $84,142,864 |
$1,542,106,076 |
15.27% |
|
|
Unsecured |
$132,134,268 |
-36.32% |
|||
|
Total |
$1,861,797,091 |
$1,674,240,344 |
11.20% |
||
|
All |
Secured |
$32,729,186,815 |
$29,990,582,897 |
9.13% |
|
|
Unsecured |
$2,922,827,010 |
$3,269,017,145 |
-10.59% |
||
|
Total |
$35,652,013,825 |
$33,259,600,042 |
7.19% |
||
|
Union Elementary |
City |
Secured |
$10,515,410,894 |
$9,828,333,721 |
6.99% |
|
Unsecured |
$59,314,512 |
$62,449,504 |
-5.02% |
||
|
Total |
$10,574,725,406 |
$9,890,783,225 |
6.91% |
||
|
Total City |
City |
Secured |
$432,583,744,611 |
$404,231,410,844 |
7.01% |
|
Unsecured |
$21,773,432,392 |
$21,012,712,141 |
3.62% |
||
|
Total |
$454,357,177,003 |
$425,244,122,985 |
6.85% |
||
|
Total RDA |
RPTTF Only |
Secured |
$53,457,091,318 |
$49,836,586,254 |
7.26% |
|
Unsecured |
$8,254,535,293 |
$8,167,729,999 |
1.06% |
||
|
Total |
$61,711,626,611 |
$58,004,316,253 |
6.39% |
||
|
Total County |
All |
Secured |
$486,040,835,929 |
$454,067,997,098 |
7.04% |
|
Unsecured |
$30,027,967,685 |
$29,180,442,140 |
2.90% |
||
|
Totals |
$516,068,803,614 |
$483,248,439,238 |
6.79% |
ARR034 *RPTTF = Redevelopment Property Tax Trust Fund
by High School District by Secured and Unsecured
|
High School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Campbell Union High School |
City |
Secured |
$50,103,144,600 |
$46,414,950,945 |
7.95% |
|
Unsecured |
$847,121,425 |
$918,037,809 |
-7.72% |
||
|
Total |
$50,950,266,025 |
$47,332,988,754 |
7.64% |
||
|
RPTTF Only* |
Secured |
$1,240,230,822 |
$1,063,485,148 |
16.62% |
|
|
Unsecured |
$73,295,053 |
$75,804,300 |
-3.31% |
||
|
Total |
$1,313,525,875 |
$1,139,289,448 |
15.29% |
||
|
All |
Secured |
$51,343,375,422 |
$47,478,436,093 |
8.14% |
|
|
Unsecured |
$920,416,478 |
$993,842,109 |
-7.39% |
||
|
Total |
$52,263,791,900 |
$48,472,278,202 |
7.82% |
||
|
East Side High School |
City |
Secured |
$70,533,107,903 $1,421,215,050 |
$66,230,989,196 |
6.50% |
|
Unsecured |
$1,374,576,261 |
3.39% |
|||
|
Total |
$71,954,322,953 |
$67,605,565,457 |
6.43% |
||
|
RPTTF Only |
Secured |
$12,934,998,716 |
$11,932,799,664 |
8.40% |
|
|
Unsecured |
$2,127,876,022 |
$1,877,287,174 |
13.35% |
||
|
Total |
$15,062,874,738 |
$13,810,086,838 |
9.07% |
||
|
All |
Secured |
$83,468,106,619 |
$78,163,788,860 |
6.79% |
|
|
Unsecured |
$3,549,091,072 |
$3,251,863,435 |
9.14% |
||
|
Total |
$87,017,197,691 |
$81,415,652,295 |
6.88% |
||
|
Fremont High School |
City |
Secured |
$74,461,009,329 |
$69,744,412,010 |
6.76% |
|
Unsecured |
$4,048,182,097 |
$4,351,227,913 |
-6.96% |
||
|
Total |
$78,509,191,426 |
$74,095,639,923 |
5.96% |
||
|
RPTTF Only |
Secured |
$1,777,654,227 |
$1,542,106,076 |
15.27% |
|
|
Unsecured |
$84,142,864 |
$132,134,268 |
-36.32% |
||
|
Total |
$1,861,797,091 |
$1,674,240,344 |
11.20% |
||
|
All |
Secured |
$76,238,663,556 |
$71,286,518,086 |
6.95% |
|
|
Unsecured |
$4,132,324,961 |
$4,483,362,181 |
-7.83% |
||
|
Total |
$80,370,988,517 |
$75,769,880,267 |
6.07% |
||
|
Gilroy Unified High School |
City |
Secured |
$10,982,111,412 |
$10,332,177,849 |
6.29% |
|
Unsecured |
$327,285,399 |
$318,576,605 |
2.73% |
||
|
Total |
$11,309,396,811 |
$10,650,754,454 |
6.18% |
||
|
Los Gatos- Saratoga Joint Union High |
City |
Secured |
$24,547,626,112 |
$23,292,102,461 |
5.39% |
|
Unsecured |
$220,615,152 |
$243,161,520 |
-9.27% |
||
|
Total |
$24,768,241,264 |
$23,535,263,981 |
5.24% |
||
|
RPTTF Only |
Secured |
$1,715,982,555 $57,016,031 |
$1,649,370,473 |
4.04% |
|
|
Unsecured |
$60,548,392 |
-5.83% |
|||
|
Total |
$1,772,998,586 |
$1,709,918,865 |
3.69% |
||
|
All |
Secured |
$26,263,608,667 |
$24,941,472,934 |
5.30% |
|
|
Unsecured |
$277,631,183 |
$303,709,912 |
-8.59% |
||
|
Total |
$26,541,239,850 |
$25,245,182,846 |
5.13% |
||
|
Milpitas Unified High School |
City |
Secured |
$9,910,892,736 |
$9,199,236,024 |
7.74% |
|
Unsecured |
$727,616,163 |
$619,317,668 |
17.49% |
||
|
Total |
$10,638,508,899 |
$9,818,553,692 |
8.35% |
||
|
RPTTF Only |
Secured |
$7,820,229,978 $1,168,596,857 |
$7,194,408,833 |
8.70% |
|
|
Unsecured |
$1,119,388,947 |
4.40% |
|||
|
Total |
$8,988,826,835 |
$8,313,797,780 |
8.12% |
||
|
All |
Secured |
$17,731,122,714 |
$16,393,644,857 |
8.16% |
|
|
Unsecured |
$1,896,213,020 |
$1,738,706,615 |
9.06% |
||
|
Total |
$19,627,335,734 |
$18,132,351,472 |
8.24% |
||
|
Morgan Hill Unified High |
City |
Secured |
$11,537,757,011 |
$10,834,316,993 |
6.49% |
|
Unsecured |
$277,916,694 |
$283,688,935 |
-2.03% |
||
|
Total |
$11,815,673,705 |
$11,118,005,928 |
6.28% |
||
|
RPTTF Only |
Secured |
$3,260,582,989 |
$2,951,595,357 |
10.47% |
|
|
Unsecured |
$168,684,911 |
$143,842,440 |
17.27% |
||
|
Total |
$3,429,267,900 |
$3,095,437,797 |
10.78% |
Page 1 of 2 ARR036
by High School District by Secured and Unsecured
|
High School |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
All |
Secured |
$14,798,340,000 |
$13,785,912,350 |
7.34% |
|
|
Unsecured |
$446,601,605 |
$427,531,375 |
4.46% |
||
|
Total |
$15,244,941,605 |
$14,213,443,725 |
7.26% |
||
|
Mountain View- Los Altos |
City |
Secured |
$49,046,817,728 |
$45,676,662,982 |
7.38% |
|
Unsecured |
$1,853,156,722 |
$1,615,219,321 |
14.73% |
||
|
Total |
$50,899,974,450 |
$47,291,882,303 |
7.63% |
||
|
RPTTF Only |
Secured |
$3,493,033,375 $727,998,180 |
$2,955,792,774 |
18.18% |
|
|
Unsecured |
$955,535,425 |
-23.81% |
|||
|
Total |
$4,221,031,555 |
$3,911,328,199 |
7.92% |
||
|
All |
Secured |
$52,539,851,103 |
$48,632,455,756 |
8.03% |
|
|
Unsecured |
$2,581,154,902 |
$2,570,754,746 |
0.40% |
||
|
Total |
$55,121,006,005 |
$51,203,210,502 |
7.65% |
||
|
Palo Alto Unified High School |
City |
Secured |
$41,067,296,843 |
$38,426,282,833 |
6.87% |
|
Unsecured |
$2,011,448,006 |
$1,969,248,783 |
2.14% |
||
|
Total |
$43,078,744,849 |
$40,395,531,616 |
6.64% |
||
|
Patterson Joint High School |
City |
Secured |
$36,625,686 |
$34,998,522 |
4.65% |
|
Unsecured |
$46,414 |
$46,088 |
0.71% |
||
|
Total |
$36,672,100 |
$35,044,610 |
4.64% |
||
|
San Benito Joint Union High School |
City |
Secured |
$40,830,219 |
$39,821,019 |
2.53% |
|
Unsecured |
$1,132,767 |
$1,226,623 |
-7.65% |
||
|
Total |
$41,962,986 |
$41,047,642 |
2.23% |
||
|
San Jose Unified High School |
City |
Secured |
$48,743,988,098 |
$45,318,131,362 |
7.56% |
|
Unsecured |
$2,514,815,825 |
$2,144,797,522 |
17.25% |
||
|
Total |
$51,258,803,923 |
$47,462,928,884 |
8.00% |
||
|
RPTTF Only |
Secured |
$6,417,166,883 |
$5,665,987,517 |
13.26% |
|
|
Unsecured |
$368,862,066 |
$370,858,535 |
-0.54% |
||
|
Total |
$6,786,028,949 |
$6,036,846,052 |
12.41% |
||
|
All |
Secured |
$55,161,154,981 |
$50,984,118,879 |
8.19% |
|
|
Unsecured |
$2,883,677,891 |
$2,515,656,057 |
14.63% |
||
|
Total |
$58,044,832,872 |
$53,499,774,936 |
8.50% |
||
|
Santa Clara Unified High |
City |
Secured |
$41,572,536,934 |
$38,687,328,648 |
7.46% |
|
Unsecured |
$7,522,880,678 |
$7,173,587,093 |
4.87% |
||
|
Total |
$49,095,417,612 |
$45,860,915,741 |
7.05% |
||
|
RPTTF Only |
Secured |
$14,797,211,773 |
$14,881,040,412 |
-0.56% |
|
|
Unsecured |
$3,478,063,309 |
$3,432,330,518 |
1.33% |
||
|
Total |
$18,275,275,082 |
$18,313,370,930 |
-0.21% |
||
|
All |
Secured |
$56,369,748,707 |
$53,568,369,060 |
5.23% |
|
|
Unsecured |
$11,000,943,987 |
$10,605,917,611 |
3.72% |
||
|
Total |
$67,370,692,694 |
$64,174,286,671 |
4.98% |
||
|
Total City |
City |
Secured |
$432,583,744,611 |
$404,231,410,844 |
7.01% |
|
Unsecured |
$21,773,432,392 |
$21,012,712,141 |
3.62% |
||
|
Total |
$454,357,177,003 |
$425,244,122,985 |
6.85% |
||
|
Total RDA |
RPTTF Only |
Secured |
$53,457,091,318 |
$49,836,586,254 |
7.26% |
|
Unsecured |
$8,254,535,293 |
$8,167,729,999 |
1.06% |
||
|
Total |
$61,711,626,611 |
$58,004,316,253 |
6.39% |
||
|
Total County |
All |
Secured |
$486,040,835,929 |
$454,067,997,098 |
7.04% |
|
Unsecured |
$30,027,967,685 |
$29,180,442,140 |
2.90% |
||
|
Totals |
$516,068,803,614 |
$483,248,439,238 |
6.79% |
||
*RPTTF - Redevelopment Property Tax Trust Fund
Santa Clara County Assessor's Office 6-28-19
By Community College District
Roll Totals 2019-2020 Compared to 2018-2019 by Secured and Unsecured
|
City |
City/RDA |
Roll Type |
2019/2020 |
2018/2019 |
Change % |
|
Foothill College |
City |
Secured |
$164,647,775,216 |
$153,915,189,100 |
6.97% |
|
Unsecured |
$7,920,643,010 |
$7,939,966,812 |
-0.24% |
||
|
Total |
$172,568,418,226 |
$161,855,155,912 |
6.62% |
||
|
RPTTF Only* |
Secured |
$5,270,687,602 |
$4,497,898,850 |
17.18% |
|
|
Unsecured |
$812,141,044 |
$1,087,669,693 |
-25.33% |
||
|
Total |
$6,082,828,646 |
$5,585,568,543 |
8.90% |
||
|
All |
Secured |
$169,918,462,818 |
$158,413,087,950 |
7.26% |
|
|
Unsecured |
$8,732,784,054 |
$9,027,636,505 |
-3.27% |
||
|
Total |
$178,651,246,872 |
$167,440,724,455 |
6.70% |
||
|
Gavilan Community College |
City |
Secured |
$22,560,698,642 |
$21,206,315,861 |
6.39% |
|
Unsecured |
$606,334,860 |
$603,492,163 |
0.47% |
||
|
Total |
$23,167,033,502 |
$21,809,808,024 |
6.22% |
||
|
RPTTF Only |
Secured |
$3,260,582,989 |
$2,951,595,357 |
10.47% |
|
|
Unsecured |
$168,684,911 |
$143,842,440 |
17.27% |
||
|
Total |
$3,429,267,900 |
$3,095,437,797 |
10.78% |
||
|
All |
Secured |
$25,821,281,631 |
$24,157,911,218 |
6.89% |
|
|
Unsecured |
$775,019,771 |
$747,334,603 |
3.70% |
||
|
Total |
$26,596,301,402 |
$24,905,245,821 |
6.79% |
||
|
San Jose Community College |
City |
Secured |
$129,461,870,852 |
$121,004,849,639 |
6.99% |
|
Unsecured |
$4,669,971,177 |
$4,144,054,604 |
12.69% |
||
|
Total |
$134,131,842,029 |
$125,148,904,243 |
7.18% |
||
|
RPTTF Only |
Secured |
$25,620,194,450 |
$23,278,494,539 |
10.06% |
|
|
Unsecured |
$3,542,877,123 |
$3,229,408,022 |
9.71% |
||
|
Total |
$29,163,071,573 |
$26,507,902,561 |
10.02% |
||
|
All |
Secured |
$155,082,065,302 |
$144,283,344,178 |
7.48% |
|
|
Unsecured |
$8,212,848,300 |
$7,373,462,626 |
11.38% |
||
|
Total |
$163,294,913,602 |
$151,656,806,804 |
7.67% |
||
|
West Valley College |
City |
Secured |
$115,876,774,215 |
$108,059,522,741 |
7.23% |
|
Unsecured |
$8,576,436,931 |
$8,325,152,474 |
3.02% |
||
|
Total |
$124,453,211,146 |
$116,384,675,215 |
6.93% |
||
|
RPTTF Only |
Secured |
$19,305,626,277 |
$19,108,597,508 |
1.03% |
|
|
Unsecured |
$3,730,832,215 |
$3,706,809,844 |
0.65% |
||
|
Total |
$23,036,458,492 |
$22,815,407,352 |
0.97% |
||
|
All |
Secured |
$135,182,400,492 |
$127,168,120,249 |
6.30% |
|
|
Unsecured |
$12,307,269,146 |
$12,031,962,318 |
2.29% |
||
|
Total |
$147,489,669,638 |
$139,200,082,567 |
5.96% |
||
|
Yosemite Community College |
City |
Secured |
$36,625,686 |
$34,998,522 |
4.65% |
|
Unsecured |
$46,414 |
$46,088 |
0.71% |
||
|
Total |
$36,672,100 |
$35,044,610 |
4.64% |
||
|
Unknown |
City |
Secured |
$10,534,981 |
-100.00% |
|
|
Unsecured |
|||||
|
Total |
$10,534,981 |
-100.00% |
|||
|
Total |
City |
Secured |
$432,583,744,611 |
$404,231,410,844 |
7.01% |
|
Unsecured |
$21,773,432,392 |
$21,012,712,141 |
3.62% |
||
|
Total |
$454,357,177,003 |
$425,244,122,985 |
6.85% |
||
|
Total |
RPTTF Only |
Secured |
$53,457,091,318 |
$49,836,586,254 |
7.26% |
|
Unsecured |
$8,254,535,293 |
$8,167,729,999 |
1.06% |
||
|
Total |
$61,711,626,611 |
$58,004,316,253 |
6.39% |
||
|
Total |
All |
Secured |
$486,040,835,929 |
$454,067,997,098 |
7.04% |
|
Unsecured |
$30,027,967,685 |
$29,180,442,140 |
2.90% |
||
|
Totals |
$516,068,803,614 |
$483,248,439,238 |
6.79% |
||
*RPTTF - Redevelopment Property Tax Trust Fund ARR 035
