Los Angeles County Auditor-Controller

LOS ANGELES COUNTY AUDITOR-CONTROLLER

DEBT SERVICE TAX REVENUE ALLOCATION SUMMARY

FISCAL YEAR 2003-04

Table of Debt Service Tax Revenue Allocation Summary

% Share of Debt Service Tax Revenue Allocation

Definitions

Table of Debt Service Tax Revenue Allocation Summary

Unincorporated Areas- County / Incorporated Areas - Cities / School Districts / Special Districts / Redevelopment Agencies / Total
Secured Levy / 5,865,063 / 175,140,869 / 516,396,833 / 58,605,081 / 42,755,922 / 798,763,588
Unsecured Levy / 336,414 / 10,832,492 / 21,639,005 / 3,209,783 / 7,861,925 / 43,879,619
Homeowner Exemption / 76,325 / 2,157,760 / 5,924,774 / 775,303 / 83,280 / 9,017,442
Unitary / 1,992,336 / 3,337,909 / 0 / 12,108,250 / 113 / 17,438,608
Total Levy / 8,270,138 / 191,468,850 / 543,960,612 / 74,698,417 / 50,701,240 / 869,099,257
% Share / 0.95% / 22.03% / 62.59% / 8.59% / 5.83% / 100.00%

% Share of Debt Service Tax Revenue Allocation

Unincorporated Area / Total
Secured Levy / 5,865,063
Unsecured Levy / 336,414
Homeowner Exemption / 76,325
Unitary Levy / 1,992,336
Total Levy / 8,270,138
% Share / 0.95%
Incorporated Areas – Cities
Secured Levy / 175,140,689
Unsecured Levy / 10,832,492
Homeowner Exemption / 2,157,760
Unitary Levy / 3,337,909
Total Levy / 191,468,850
% Share / 22.03%
School Districts
Secured Levy / 516,396,833
Unsecured Levy / 21,639,005
Homeowner Exemption / 5,924,774
Unitary Levy / 0
Total Levy / 543,960,612
% Share / 62.59%
Special Districts
Secured Levy / 58,605,081
Unsecured Levy / 3,209,783
Homeowner Exemption / 775,303
Unitary Levy / 12,108,250
Total Levy / 74,698,417
% Share / 8.59%
Redevelopment Agencies
Secured Levy / 42,755,922
Unsecured Levy / 7,861,925
Homeowner Exemption / 83,280
Unitary Levy / 113
Total Levy / 50,701,240
% Share / 5.83%
Overall Total
Secured Levy / 798,763,588
Unsecured Levy / 43,879,619
Homeowner Exemption / 9,017,442
Unitary Levy / 17,438,608
Total Levy / 869,099,257
% Share / 100.00%

Definitions

Secured Levy

A Secured Levy is tax on real property, such as vacant land, structures on land, i.e. business/office building, home, apartments, etc.

Unsecured Levy

An Unsecured Levy is tax on assessments such as office furniture, equipment, airplanes and boats, as well as property taxes that are not liens against the real property.

Homeowner Exemption

Homeowner Exemption is a state exemption granted to a property owner who files for the exemption with the assessor and is using the property as their principal place of residence.

Unitary

Unitary is a property that is assessed by the state board of equalization (SBE). As opposed to the regular secured and unsecured properties which are assessed by the local CountyAssessor.

Incorporated Areas-– Cities

Incorporated Areas is the establishment of a city that any proposed city incorporation must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated. View the list of Incorporated Areas.

Unincorporated Areas - County

Unincorporated Areas are those areas and communities that are outside the jurisdictional boundaries of incorporated cities. As such, they are not serviced by an incorporated city. County government serves as the "city" for these areas by providing basic municipal services such as law enforcement, zoning, building permits, libraries, parks, recreational programs, street maintenance, and traffic signals and stop signs.

School District

School District is taxing jurisdiction that includes elementary, high school, unified school districts, and community colleges. For purpose of tax apportionments, it also includes the Educational Revenue and Augmentation Fund (ERAF). View the list of School Districts.

Special District

Special District is an agency of the state, formed pursuant to statutory provisions, for the local performance of governmental or proprietary functions within limited boundaries. View the list of Special Districts.

Redevelopment Agencies

In most cities, the city council members are also the governing board for the redevelopment agency, however, the council and the agency are two separate, distinct legal entities. The agency members hire staff to carry out the day-to-day operations and its redevelopment plans. In most counties, the board of supervisors is the governing board.