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FROM: SUBJECT:
On December 11, 2012, Paula Cone of HDL Services presented the Finance Committee with an analysis of the Towns property taxes. Ms. Cone discussed the 1% share tax distribution and its integration with Proposition 13 (1978). Proposition 13 provides that a property assessment cannot grow beyond 2% each year (with the exception of catch-up provisions within Proposition 8). Ms. Cone explored how the calculation of property taxes are determined through Proposition 13, increment value increases in properties, and the property tax dollar breakdown for Atherton. Video of the meeting is available online. The Towns general levy share per $1.00 of property tax is $0.1056. Ms. Cone went into greater detail when discussing the provisions of Proposition 8 (recapture of temporarily reduced assessed property values to the current Proposition 13 cap levels). Ms. Cone also discussed the distribution of property taxes within Atherton and the revenue sources in our area. Through the 2012/2013 tax roll the Town will receive a 9.03% increase in net taxable assessed value making it the top growth city in San Mateo County. Countywide growth was 3.3%. In dollar terms, from 2011/2012 to 2012/2013 the Towns net taxable value increased by $575,385,241. This comes from a total of 2,619 parcels in the Town with a total net taxable value of $6,949,217,818 in 2012/2013. Attached are a series of reports provided by HDL Services.
SFR Sales
22 16 76 69 96 96 59
Median Price
$2,600,000 $3,125,000 $3,975,000 $3,180,000 $3,127,500 $3,775,000 $4,060,000
% Change
20.19% 27.20% -20.00% -1.65% 20.70% 7.55%
2012/13 Tax Shift Summary ERAF I & II VLFAA (est.) Triple Flip Triple Flip True up $-1,341,697 $744,638 $57,056 $16,729
909.861.4335
www.hdlcompanies.com
YEAR 1: The $500,000 Sales Price of a newly purchased home is used as the Prop 13 Base Value.
YEARS 3-6: Market value falls below Proposition 13 value and the assessor reduces the value to the lower value per proposition 8.
YEAR 7: Market value is $590,000, however the assessed value used for taxation is $563,081. ($500,000 plus the 2% CPI increase applied for each year after base year)
909.861.4335
www.hdlcompanies.com
$ Change
$530,288,107 $282,138 $742,459 $9,670,119 $35,539,588 -$1,137,170
% Change
8.55% 2.19% 3.91% 153.49% 26.64% -33.18%
Notes:
Residential uses grew 8.6% setting the trend for the citys 9% growth. These were primarily homes that sold for more than the prior assessors enrolled value. Unsecured properties posted a decline of $1.1 million. This reduction was on vending equipment owned by Grayhawk Leasing LLC, at various locations. A multi-parcel purchase of residential and vacant sites by 237 Atherton Avenue LLC and 246 Atherton Avenue LLC at the same addresses for $53 million has translated in a year to year increase $58.5 after the addition of the 2% CPI adjustment and the assignment of value to each of the 4 parcels in the transaction. The original combined values of these properties were $1.98 million. A vacant residential site at 85 Isabella Avenue was purchased in 2007 by Brion and Sabrina Applegate and was developed through 2009. The original value of $24.8 million was appealed and reduced to $18 million. The CPI for 2013-14 is tracking at 2%.
Top 10 Taxpayers Based on City Revenue 2011/12 BITA DARYABARI GEORGE R. ROBERTS TRUST BRION B. APPLEGATE #19 in 2012-13 after an appeal reduction ROBERT THOMAS NOAHS PARK PLACE LLC #12 in 2012-13 CALIFORNIA WATER SERVICE COMPANY KENNETH C. KIM TRUST #15 in 2012-13 ONE SIX FOUR LLC #16 in 2012-13 PARKFIELD PROPS HOLDING LLC #18 in 2012-13 ERIC ROBERTS TRUST #17 in 2012-13 1 2 3 4 5 6 7 8 9 10
N onunitary
Secured
Top 10 Taxpayers Based on City Revenue 2012/13 237 ATHERTON AVENUE LLC new purchase for increased value BITA DARYABARI GEORGE R. ROBERTS TRUST PACIFIC PENINSULA GROUP #42 in 2011-12 purchased properties 383 ASSOCIATES LLC new improvement added on site JOSEPH S. LACOB TRUST #16 in 2011- 12 improvement increase ROBERT THOMAS SHIBUMI LLC #12 in 2011-12 improvement increase CALIFORNIA WATER SERVICE COMPANY BAGATELLE INVESTORS LLC #45 in 2011-12 improvement increase
Rank
Data Source: San Mateo County Assessor 2012/13 Secured and Unsecured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
2012-2013 PROPERTY DATA THE TOWN OF ATHERTON PRELIMINARY PROPERTY TAX REPORTS
Contents
Section 1: Entire City
Assessed Values Growth by Use Category Prop 8 Potential Recapture History City Growth Comparison Net Taxable Secured Value Changes Secured Value Change History Listing Transfer of Ownership Sales Value History Sales History Comparison of Median Sale Price to Peak Price Roll Summary Use Category Summary Property Tax Dollar Breakdown Representative General Levy Share Estimate Property Tax Revenue Top Ten Property Taxpayers Top 25 Property Taxpayers - Secured Top 25 Property Taxpayers - Unsecured SBE Assessed Nonunitary Utilities Parcel Change Listing
1
1 2 3 4 5 6 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Section 2:
Foreclosure Information
Foreclosure Activity County Foreclosure Activity Secured Lender Owned Listing
29
29 31 34
Section 3:
Resources
Description of Property Tax Reports
35
35
$0
$1,100,000,000
$2,200,000,000
$3,300,000,000
$4,400,000,000
Land $3,496,200,435 $3,741,062,033 $3,933,844,027 $3,876,939,441 $4,235,092,480 Improvements $2,399,575,267 $2,541,118,750 $2,563,582,187 $2,662,814,011 $2,885,227,036 Personal Property $17,080,710 $18,610,486 $20,376,454 $16,508,814 $15,944,256 Exemptions $102,199,514 $114,400,852 $335,467,581 $182,429,689 $187,045,954
$1,800,000,000 $3,600,000,000 $5,400,000,000 $7,200,000,000
I I I I I I I I I I
Gross Assessed $5,912,856,412 $6,300,791,269 $6,517,802,668 $6,556,262,266 $7,136,263,772 Net Taxable Value $5,810,656,898 $6,186,390,417 $6,182,335,087 $6,373,832,577 $6,949,217,818
Data Source: San Mateo County Assessor 2008/09 To 2012/13 Combined Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
I I I I I I I I I I
[39]
5 16 2 2,619
$6,949,217,818 (100.0%)
9.0%
2011/12 2012/13
Net Value
$4,000,000,000 $3,000,000,000 $2,000,000,000 $1,000,000,000 $0 Residential Vacant Miscellaneous Unknown Dry Farm Unsecured Commercial
Use Category
Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
The report identifies those parcels which have been granted a value reduction and have the potential of recapturing value per Proposition 8. The reductions were based on current market conditions and recapturing will occur when market values rise. The Peak Value is defined as a parcels highest value after its most recent sale. If a parcel is assessed for a lower value after its most recent sale, then the sales price becomes the peak value. The Proposition 8 potential value recapturing is shown in the change column and assumes no future sales transactions. As properties transfer ownership they are removed from this listing and if sold for more or less will not be eligible for value recapturing per Proposition 8.
Data Source: San Mateo County Assessor Combined Tax Rolls Prepared On 11/21/2012 By MV This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Page
Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 40 NET TAXABLE SECURED VALUE CHANGES
Parcel 070-170-010 070-161-090 074-130-320 073-182-110 070-131-010 070-040-490 070-022-690 070-380-080 070-211-520 059-292-140 070-330-070 070-342-280 070-211-400 070-342-170 070-180-380 070-080-050 070-201-030 070-132-020 059-302-150 070-022-710 070-011-280 070-211-180 070-131-020 070-212-060 070-380-120 070-090-040 070-022-440 059-292-020 070-343-200 070-040-320 061-132-040 070-032-010 059-281-160 070-320-080 059-311-220 061-232-140 059-292-070 070-341-200 070-240-220 070-250-410 Use Category Residential Residential Residential Unknown Vacant Residential Residential Residential Residential Vacant Residential Residential Residential Residential Residential Residential Vacant Residential Residential Residential Residential Residential Vacant Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Owner Situs 237 Atherton Avenue Llc 237 Atherton Ave Fairview Avenue Holdings Llc 83 Fairview Ave 383 Associates Llc 383 Walsh Rd A Sugar Pine Llc 150 Alta Vista Dr 237 Atherton Avenue Llc 246 Atherton Avenue Llc 246 Atherton Ave Movassate Jaleh Trust; Movassate Manoutchehr Trust 5 Betty Ln Mrft Llc 1 Stern Ln Bagatelle Investors Llc 162 Isabella Ave Brookvale Investments Lp 150 Almendral Ave Atherton 224 Pk Lane Llc 224 Park Ln Thangaraj Immanuel; Thangaraj Preetha R 289 Park Ln Hammarskjold Philip; Hammarskjold Alicia 98 Stevenson Ln Atherton Properties Llc 253 Park Ln Big Pool Llc 95 Monte Vista Ave Hurd Mark V Trust; Hurd Paula R Trust 127 Tuscaloosa Ave Yellowtail Llc 92 Faxon Rd 18 Monte Vista Avenue Llc 18 Monte Vista Ave Cyrus Michael J Trust; Cyrus Mariet Trust 61 Selby Ln Birkhofer Wendell W Trust; Birkhofer Celeste P Trust 228 Polhemus Ave Voorhies Douglas A Trust; Voorhies Nora D Trust Stockbridge Ave 311 Anderson David L And Lois Trust N A; Von Oech Edwards LnWendy Trust 99 Roger And 237 Atherton Avenue Llc Elena Properties Llc 70 Elena Ave Ronaghi Mostafa; Mohamadi Parinaz 95 Stern Ln Thompson Richard L Trust; Thompson Rhona 75 Almendral Ave Fogarty Trust Pacific Peninsula Group 230 Polhemus Ave Maceda Emmanuel Perez Trust; Maceda Ma Lourdes Rufino Trust 157 Stockbridge Ave Pacific Peninsula Group 45 Prado Secoya St Pnc Development Llc 214 Atherton Ave Paxton Nancy L Trust; Desai Gaurang Trust 49 James Ave Massihpour Shahriar Trust; Tabibi Afsaneh Trust Polhemus Ave 297 Bhardwaj Vinod K Trust; Bhardwaj Kalpana Trust Stockbridge Ave 164 Bizer David S Trust; Dsb Trust 202 Camino Aly Unit Lago Holt Michael C Trust; Holt Sharon E Trust 68 Adam Way Farmwald Paul Michael Trust; Farmald Paul Michael Trust Ave 260 Oak Grove Yang Zhi; Feng Limin 18 Ralston Rd Nixon Lucille Holding Trust Et Al 1 Atherton Oaks Ln Borel Private Bank And Trust Company; Fallen Oak Trust Applegate Brion B; Applegate Sabrina R 85 Isabella Ave Current Net Taxable Value $41,100,000 $16,156,800 $27,908,301 $14,467,619 $7,600,000 $7,500,000 $13,005,494 $11,053,801 $19,723,135 $9,000,000 $15,810,000 $6,500,000 $13,460,403 $6,528,000 $6,798,553 $14,011,083 $10,905,000 $9,573,178 $7,400,000 $8,414,863 $5,992,500 $5,706,900 $4,300,000 $4,450,000 $4,500,000 $14,460,000 $4,276,000 $9,728,745 $4,260,000 $4,050,000 $5,544,004 $7,334,994 $3,952,500 $8,250,000 $10,710,000 $6,100,000 $4,850,000 $4,439,566 $5,700,000 $18,048,410 Net Taxable Value Change +$39,703,160 +$11,528,666 +$9,408,301 +$8,167,619 +$7,474,657 +$7,225,593 +$7,090,303 +$6,925,564 +$6,756,802 +$6,457,473 +$6,312,712 +$6,305,009 +$6,260,403 +$6,054,777 +$6,017,066 +$5,565,903 +$5,565,091 +$4,914,670 +$4,582,681 +$4,414,863 +$4,290,309 +$4,279,834 +$4,210,844 +$4,195,514 +$4,076,658 +$4,060,000 +$4,057,320 +$3,928,745 +$3,851,053 +$3,731,975 +$3,699,882 +$3,689,901 +$3,625,284 +$3,547,561 +$3,540,204 +$3,441,123 +$3,218,162 -$3,883,616 -$3,983,642 -$6,966,360 Value Change from Prior Year +2,842% +249% +51% +130% +5,963% +2,633% +120% +168% +52% +254% +66% +3,233% +87% +1,279% +770% +66% +104% +105% +163% +110% +252% +300% +4,723% +1,649% +963% +39% +1,855% +68% +942% +1,173% +201% +101% +1,108% +75% +49% +129% +197% -47% -41% -28%
Prepared On 11/21/2012 By MV
Data Source: San Mateo County Assessor 2011/12 And 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Page 5
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-170-010 237 Atherton Ave
Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Owner Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Pine Brook Llc Pine Brook Llc Pine Brook Llc 237 Atherton Avenue Llc 237 Atherton Avenue Llc Land 521,407 531,835 542,471 553,320 564,386 574,923 586,421 598,149 610,111 622,313 634,759 633,254 638,022 40,600,000 Fixtures & Improvements 620,125 632,527 645,177 658,080 671,241 683,773 697,448 711,396 725,623 740,135 754,937 753,147 758,818 500,000 Fixtures & Improvements 1,556,313 1,587,439 1,619,187 1,651,570 1,734,601 3,067,985 3,129,344 3,191,930 3,255,767 3,320,880 3,387,296 3,379,266 3,404,710 3,916,800 Fixtures & Improvements 319,511 325,901 332,419 339,067 345,848 368,304 426,850 434,537 443,227 100,000 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 1,141,532 1,164,362 1,187,648 1,211,400 1,235,627 1,258,696 1,283,869 1,309,545 1,335,734 1,362,448 1,389,696 1,386,401 1,396,840 41,100,000 Net Total Assessed 2,556,119 2,607,241 2,659,385 2,712,571 2,816,822 4,170,411 4,253,818 4,338,893 4,425,669 4,514,180 4,604,462 4,593,547 4,628,134 16,156,800 Net Total Assessed 557,070 568,211 579,575 591,166 602,988 630,244 694,028 707,058 721,198 17,440,000 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 0 7,000 7,000 7,000 7,000 0 0 Transfer Amount Appeals Activity
Appeals Activity
Appeals Activity
18,000,000 T
Prepared On 11/21/2012 By MV Page 6
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
074-130-320 383 Walsh Rd (Continued)
Year 2009 2010 2011 2012 Year 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Owner 383 Associates Llc 383 Associates Llc 383 Associates Llc 383 Associates Llc Owner A Sugar Pine Llc A Sugar Pine Llc A Sugar Pine Llc Owner Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Pine Brook Llc Pine Brook Llc Pine Brook Llc 237 Atherton Avenue Llc 237 Atherton Avenue Llc Owner Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Seton Rosalie H Trust Et Al Roth Lois Arnstein Trust; Arnstein Timothy Trust 246 Atherton Avenue Llc 246 Atherton Avenue Llc Land 17,686,800 17,644,882 15,303,000 18,133,301 Land 6,000,000 6,000,000 8,567,619 Land 102,437 104,485 106,574 108,705 110,879 112,949 115,207 117,511 119,861 122,258 124,703 124,407 125,343 7,600,000 Land 131,986 134,625 137,317 140,063 142,864 145,531 148,441 151,409 154,437 157,525 160,675 160,294 161,501 7,500,000 Fixtures & Improvements 102,000 3,685,985 3,197,000 9,775,000 Fixtures & Improvements 100,000 300,000 5,900,000 Fixtures & Improvements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fixtures & Improvements 92,274 94,119 96,001 97,921 99,879 101,743 103,777 105,852 107,969 110,128 112,330 112,063 112,906 0 Personal Property 0 0 0 0 Personal Property 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 Exemptions 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 17,788,800 21,330,867 18,500,000 27,908,301 Net Total Assessed 6,100,000 6,300,000 14,467,619 Net Total Assessed 102,437 104,485 106,574 108,705 110,879 112,949 115,207 117,511 119,861 122,258 124,703 124,407 125,343 7,600,000 Net Total Assessed 224,260 228,744 233,318 237,984 242,743 247,274 252,218 257,261 262,406 267,653 273,005 272,357 274,407 7,500,000 Homeowner Exemptions 0 0 0 0 Homeowner Exemptions 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Transfer Amount Appeals Activity
Transfer Amount
Appeals Activity
Transfer Amount
Appeals Activity
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-022-690 5 Betty Ln
Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Owner Land Silvestri Philip And Olga C Trust 79,123 Silvestri Philip And Olga C Trust 80,705 Silvestri Philip And Olga C Trust 82,319 Silvestri Philip And Olga C Trust 83,965 Silvestri Philip And Olga C Trust 85,644 Silvestri Olga C Trust 87,242 Movassate Manoutchehr; Movassate Jaleh 88,986 Movassate Manoutchehr; Movassate Jaleh 4,233,000 Movassate Manoutchehr; Movassate Jaleh 4,317,660 Movassate Manoutchehr; Movassate Jaleh 4,404,013 Movassate Jaleh Trust; Movassate Manoutchehr Trust 4,492,093 Movassate Jaleh Trust; Movassate Manoutchehr Trust 4,481,446 Movassate Jaleh Trust; Movassate Manoutchehr Trust 4,515,191 Movassate Jaleh Trust; Movassate Manoutchehr Trust 4,605,494 Owner Pacific Isabella Partners Applegate Brion B And Sabrina R Applegate Brion B; Applegate Sabrina R Applegate Brion B; Applegate Sabrina R Applegate Brion B; Applegate Sabrina R Applegate Brion B; Applegate Sabrina R Applegate Brion B; Applegate Sabrina R Land 8,955,355 10,710,000 17,340,000 17,686,800 17,644,882 17,777,747 10,666,647 Fixtures & Improvements 357,821 364,977 372,276 379,721 387,315 394,546 402,436 51,000 52,020 53,060 0 902,550 1,400,000 8,400,000 Fixtures & Improvements 0 500,000 837,900 7,200,000 7,182,936 7,237,023 7,381,763 Fixtures & Improvements 926,168 944,691 963,584 982,855 1,002,512 1,021,228 1,041,652 1,062,485 1,083,734 1,105,408 1,127,516 50,000 350,000 7,200,000 Fixtures & Improvements Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions Net Total Assessed 436,944 445,682 454,595 463,686 472,959 481,788 491,422 4,284,000 4,369,680 4,457,073 4,492,093 5,383,996 5,915,191 13,005,494 Net Total Assessed 8,955,355 11,210,000 18,177,900 24,886,800 24,827,818 25,014,770 18,048,410 Net Total Assessed 1,852,336 1,889,382 1,927,168 1,965,710 2,005,024 2,042,456 2,083,304 2,124,970 2,167,468 2,210,816 2,255,032 3,800,000 4,128,237 11,053,801 Net Total Assessed Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 0 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 Homeowner Exemptions Transfer Amount Appeals Activity
4,200,000 T
Appeals Activity
070-380-080 1 Stern Ln
Owner Land Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 926,168 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 944,691 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 963,584 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 982,855 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,002,512 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,021,228 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,041,652 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,062,485 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,083,734 Leclaire Norma G And D G Trust; Leclaire Harry Edward Trust 1,105,408 Mrft Llc 1,127,516 Mrft Llc 3,750,000 Mrft Llc 3,778,237 Mrft Llc 3,853,801 Owner Land
Transfer Amount
Appeals Activity
3,800,000 F
Transfer Amount
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-211-520 162 Isabella Ave (Continued)
Year 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Owner Land Ranadive Deborah E 5,472,863 Ranadive Deborah E 5,582,320 Addicott Deborah E Trust; Addicott Deborah E Trust 5,693,966 Taweel 1998 Family Trust 5,807,845 Taweel 1998 Family Trust 5,924,001 Bagatelle Investors Llc 6,434,713 Bagatelle Investors Llc 12,865,819 Bagatelle Investors Llc 13,123,135 Owner Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Rick Bell Builders Inc Et Al Brookvale Investments Lp Brookvale Investments Lp Owner Lucas Donald L Trust Lucas Donald L Trust Lucas Donald L Trust Lucas Donald L Trust Lucas Donald L Trust Lucas Donald L Trust Lamb Partners Llc Et Al 224 Park Lane Llc 224 Park Lane Llc Lamb Randolph F Trust; Lamb Lisa Carey Trust Lamb Randolph F Trust; Lamb Lisa Carey Trust Atherton 224 Park Lane Llc Atherton 224 Park Lane Llc Atherton 224 Pk Lane Llc Land 2,077,801 2,119,357 2,161,744 2,204,978 2,249,077 2,291,067 2,336,888 2,383,625 2,431,297 2,479,922 2,529,520 2,523,525 2,542,527 9,000,000 Land 109,780 111,975 114,214 116,498 118,827 121,045 2,387,500 4,590,000 4,681,800 4,775,436 4,870,944 4,859,399 4,895,990 7,905,000 Fixtures & Improvements 2,551,715 2,602,749 2,654,803 2,707,899 2,762,056 6,434,713 100,514 6,600,000 Fixtures & Improvements 129,862 132,459 135,108 137,810 140,566 143,190 146,053 148,974 151,953 154,992 0 0 0 0 Fixtures & Improvements 276,499 282,028 287,668 293,421 299,289 304,876 2,387,500 220,000 1,400,000 4,488,000 4,577,760 4,566,910 4,601,298 7,905,000 Personal Property 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 8,024,578 8,185,069 8,348,769 8,515,744 8,686,057 12,869,426 12,966,333 19,723,135 Net Total Assessed 2,207,663 2,251,816 2,296,852 2,342,788 2,389,643 2,434,257 2,482,941 2,532,599 2,583,250 2,634,914 2,529,520 2,523,525 2,542,527 9,000,000 Net Total Assessed 386,279 394,003 401,882 409,919 418,116 425,921 4,775,000 4,810,000 6,081,800 9,263,436 9,448,704 9,426,309 9,497,288 15,810,000 Homeowner Exemptions 7,000 7,000 7,000 7,000 7,000 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 0 0 0 0 7,000 7,000 7,000 0 Transfer Amount Appeals Activity
12,900,000 F
Transfer Amount
Appeals Activity
Appeals Activity
15,500,000 F
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-342-280 289 Park Ln
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Fixtures & Improvements Owner Land Hughmanick Dorothy D Trust 92,522 70,023 Hughmanick Dorothy D Trust 94,372 71,423 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 96,259 72,851 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 98,184 74,308 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 100,017 75,695 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 102,017 77,208 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 104,057 78,752 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 106,138 80,327 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 108,260 81,933 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 110,425 83,571 Hughmanick Michael Dennis Trust; Hughmanick Douglas Dalton Trust 110,163 83,372 Thangaraj Immanuel And Preetha R 110,992 83,999 Thangaraj Immanuel; Thangaraj Preetha R 6,450,000 50,000 Land 210,209 214,413 218,701 223,075 227,536 231,784 236,419 241,147 245,969 250,888 255,905 6,410,000 6,000,000 6,920,403 Land 99,144 101,126 103,148 105,210 107,314 109,317 111,503 113,733 116,007 118,327 120,693 Fixtures & Improvements 626,837 639,373 652,160 665,203 678,507 691,174 704,997 719,096 733,477 748,146 763,108 40,000 1,200,000 6,540,000 Fixtures & Improvements 287,593 293,344 299,210 305,194 311,297 317,108 323,450 329,919 336,517 343,247 350,111 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 162,545 165,795 169,110 172,492 175,712 179,225 182,809 186,465 190,193 193,996 193,535 194,991 6,500,000 Net Total Assessed 837,046 853,786 870,861 888,278 906,043 922,958 941,416 960,243 979,446 999,034 1,019,013 6,450,000 7,200,000 13,460,403 Net Total Assessed 386,737 394,470 402,358 410,404 418,611 426,425 434,953 443,652 452,524 461,574 470,804 Homeowner Exemptions 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 Transfer Amount Appeals Activity
070-211-400 98 Stevenson Ln
Owner Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Black Dawn Yates Trust Hammarskjold P And A 1998 Trust Hammarskjold P And A 1998 Trust Hammarskjold Philip; Hammarskjold Alicia Hammarskjold Philip; Hammarskjold Alicia Hammarskjold Philip; Hammarskjold Alicia Owner Ruffo Albert J Trust; Ferrari Jr Clarence J Trust Ruffo Albert J Trust; Ferrari Jr Clarence J Trust Ruffo Albert J Trust; Ferrari Jr Clarence J Trust Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al Walsh Linda R Trust Et Al
Appeals Activity
6,800,000 F
Transfer Amount
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-342-170 253 Park Ln (Continued)
Year 2010 2011 2012 Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 Owner Atherton Properties Llc Roberts Eric B Atherton Properties Llc Owner Goldman Richard N And R H Trust Goldman Richard N And R H Trust Goldman Richard N And R H Trust Goldman Richard N And R H Trust Brown Shingles Llc; Goldman Rhoda H Trust Goldman Richard N Trust; Big Pool Llc Goldman Richard N Trust; Big Pool Llc Big Pool Llc Big Pool Llc Land 120,406 121,312 6,528,000 Land 371,424 378,852 386,429 394,157 402,040 410,080 409,108 412,188 6,110,213 Fixtures & Improvements 349,281 351,911 0 Fixtures & Improvements 332,777 339,432 346,220 353,144 360,206 367,410 366,539 369,299 688,340 Fixtures & Improvements 892,089 909,930 928,128 946,690 965,623 983,651 1,003,324 1,023,390 1,043,857 1,064,734 50,000 60,725 2,400,000 7,845,000 Fixtures & Improvements 1,450,000 1,479,000 1,508,580 1,538,751 1,569,526 1,598,829 1,630,805 1,663,421 1,696,689 Personal Property 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 Net Total Assessed 469,687 473,223 6,528,000 Net Total Assessed 704,201 718,284 732,649 747,301 762,246 777,490 775,647 781,487 6,798,553 Net Total Assessed 1,685,056 1,718,756 1,753,130 1,788,192 1,823,955 1,858,008 1,895,168 1,933,070 1,971,730 2,011,164 7,800,000 6,060,725 8,445,180 14,011,083 Net Total Assessed 2,900,000 2,958,000 3,017,160 3,077,502 3,139,052 3,197,658 3,261,610 3,326,842 3,393,378 Homeowner Exemptions 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 Transfer Amount 6,500,000 F Transfer Amount Appeals Activity
Appeals Activity
Appeals Activity
8,000,000 F 6,000,000 F
070-201-030 92 Faxon Rd
Transfer Amount
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-201-030 92 Faxon Rd (Continued)
Year 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 Owner Roosevelt Michael A Trust; Von Simson Paula L E Pacific Peninsula Group Yellowtail Llc Yellowtail Llc Yellowtail Llc Owner Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Atalla Martin M Pacific Peninsula Group Pacific Peninsula Group 18 Monte Vista Avenue Llc 18 Monte Vista Avenue Llc Owner Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman Arthur A And E R Trust Hoffman A And E Family Trust Hoffman Estelle R Trust Fluegel Trust Fluegel Frederick K Trust; Fluegel Trust Cyrus Michael J Trust; Cyrus Mariet Trust Cyrus Michael J Trust; Cyrus Mariet Trust Owner Miller Thormund A And Hannah A Miller Thormund A And Hannah A Land 1,730,622 1,765,234 1,761,050 5,339,909 7,905,000 Land 361,209 368,433 375,801 383,317 390,983 398,282 406,247 414,371 422,658 431,111 439,733 438,690 4,483,508 4,573,178 Land 78,027 79,587 81,178 82,801 84,457 86,033 87,753 89,508 91,298 93,123 94,985 2,300,000 2,317,319 3,700,000 Land 72,850 74,307 Fixtures & Improvements 1,730,622 1,765,234 1,761,050 0 3,000,000 Fixtures & Improvements 411,783 420,018 428,418 436,986 445,725 454,046 463,126 472,388 481,835 491,471 501,300 500,111 175,000 5,000,000 Fixtures & Improvements 128,391 130,958 133,577 136,248 138,972 141,566 144,397 147,284 150,229 153,233 156,297 50,000 500,000 3,700,000 Fixtures & Improvements 164,284 167,569 Personal Property 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 Exemptions 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 Net Total Assessed 3,461,244 3,530,468 3,522,100 5,339,909 10,905,000 Net Total Assessed 772,992 788,451 804,219 820,303 836,708 852,328 869,373 886,759 904,493 922,582 941,033 938,801 4,658,508 9,573,178 Net Total Assessed 206,418 210,545 214,755 219,049 223,429 227,599 232,150 236,792 241,527 246,356 251,282 2,350,000 2,817,319 7,400,000 Net Total Assessed 237,134 241,876 Homeowner Exemptions 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 0 7,000 Homeowner Exemptions 14,000 7,000 Transfer Amount Appeals Activity
Appeals Activity
059-302-150 61 Selby Ln
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-022-710 228 Polhemus Ave (Continued)
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Owner Land Miller Thormund A And Hannah A 75,793 Miller Thormund A And Hannah A 77,308 Miller Thormund A And Hannah A 78,854 Miller Thormund A And Hannah A 80,326 Miller Thormund A Trust; Miller Trust 81,932 Miller Thormund A Trust; Miller Trust 83,570 Miller Thormund A Trust; Miller Trust 85,241 Birkhofer Wendell W Trust; Birkhofer Celeste P Trust 86,945 Birkhofer Wendell W Trust; Birkhofer Celeste P Trust4,550,000 Birkhofer Wendell W Trust; Birkhofer Celeste P Trust3,700,000 Birkhofer Wendell W Trust; Birkhofer Celeste P Trust3,250,000 Birkhofer Wendell W Trust; Birkhofer Celeste P Trust4,664,863 Owner Roizen Jo Ann H; Mohler David G Roizen Jo Ann H; Mohler David G Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Roizen Jo Ann Heidi Trust; Mohler David G Trust Voorhies D A And N D Family Trust Voorhies D A And N D Family Trust Voorhies Douglas A Trust; Voorhies Nora D Trust Owner Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Von Oech Roger And Wendy Trust Anderson Living Trust Land 466,199 475,522 485,032 494,732 504,626 514,047 524,327 534,813 545,509 556,419 567,547 566,201 570,464 2,996,250 Land 519,547 529,937 540,535 551,345 562,371 572,870 584,327 596,013 607,933 620,091 632,492 630,992 Fixtures & Improvements 170,920 174,338 177,824 181,143 184,765 188,460 192,229 196,073 50,000 76,300 750,000 3,750,000 Fixtures & Improvements 534,548 545,238 556,142 567,264 578,609 940,411 1,040,199 1,061,002 1,082,221 1,103,864 1,125,940 1,123,270 1,131,727 2,996,250 Fixtures & Improvements 646,687 659,620 672,812 686,268 699,993 713,061 727,322 741,868 756,705 771,839 787,275 785,409 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 246,713 251,646 256,678 261,469 266,697 272,030 277,470 283,018 4,600,000 3,776,300 4,000,000 8,414,863 Net Total Assessed 1,000,747 1,020,760 1,041,174 1,061,996 1,083,235 1,454,458 1,564,526 1,595,815 1,627,730 1,660,283 1,693,487 1,689,471 1,702,191 5,992,500 Net Total Assessed 1,166,234 1,189,557 1,213,347 1,237,613 1,262,364 1,285,931 1,311,649 1,337,881 1,364,638 1,391,930 1,419,767 1,416,401 Homeowner Exemptions 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 0 0 5,600 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 Transfer Amount Appeals Activity
4,600,000 F
Transfer Amount
Appeals Activity
070-211-180 99 Edwards Ln
Appeals Activity
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
THE TOWN OF ATHERTON 2012/13 TOP 25 SECURED VALUE CHANGE HISTORY LISTING
070-211-180 99 Edwards Ln (Continued)
Year 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Fixtures & Improvements Owner Land Anderson Living Trust 635,743 791,323 Anderson David L And Lois Trust N A; Von Oech Roger And Wendy Trust 96,900 5,610,000 Owner Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell Madeleine Haas Trust Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Russell-Shapiro Alice; Russell Charles Phillips Pine Brook Llc Pine Brook Llc Pine Brook Llc 237 Atherton Avenue Llc 237 Atherton Avenue Llc Owner Holland Sarah Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Holland Sarah L Trust Barics Paul M Trust; Holland Sarah L Trust Barics Paul M Trust; Holland Sarah L Trust Elena Properties Llc Elena Properties Llc Land 72,865 74,322 75,808 77,324 78,870 80,342 81,948 83,586 85,257 86,962 88,701 88,490 89,156 4,300,000 Land 92,887 94,744 96,638 98,570 100,541 102,418 104,466 106,555 108,686 110,859 113,076 112,808 113,657 4,400,000 Fixtures & Improvements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fixtures & Improvements 115,095 117,396 119,743 122,137 124,579 126,904 129,442 132,030 134,670 137,363 140,110 139,777 140,829 50,000 Personal Property 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net Total Assessed 1,427,066 5,706,900 Net Total Assessed 72,865 74,322 75,808 77,324 78,870 80,342 81,948 83,586 85,257 86,962 88,701 88,490 89,156 4,300,000 Net Total Assessed 207,982 212,140 216,381 220,707 225,120 229,322 233,908 238,585 243,356 248,222 253,186 252,585 254,486 4,450,000 Homeowner Exemptions 7,000 0 Homeowner Exemptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Homeowner Exemptions 14,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 0 Transfer Amount Appeals Activity 5,595,000 F Transfer Amount
Appeals Activity
Appeals Activity
4,450,000 F
Data Source: San Mateo County Assessor 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Totals
Sale Values $439,893,545 $430,542,000 $363,264,409 $286,540,000 $407,026,909 % Change 67.3% 68.0% 55.0% 30.8% 102.6% $ Change $176,907,586 $147,690.03 $174,269,838 $145,282.83 $128,872,016 $107,079.26 $67,538,291 $56,377.23 $206,142,696 $171,768.79
# SFR Sales 83 94 95 68 75
GENERAL FUND
Original Sale % Non SFR Values Price Change Sales Valid Sales Price Analysis $247,330,786 $420,568,545 70.0% 3 $246,792,522 $234,392,393 $208,036,709 $182,446,299 $409,111,000 $363,264,409 $276,878,000 $376,776,909 65.8% 55.0% 33.1% 106.5% 4 0 2 5
Est. Revenue Change: Est. Revenue Change: Est. Revenue Change: Est. Revenue Change: Est. Revenue Change:
2011
1/1/11-12/31/11
2010
1/1/10-12/31/10
2009
1/1/09-12/31/09
2008
1/1/08-12/31/08
* Sale value is a sum of all Full Value Parcel Sales (Sales not included in the analysis are quitclaim deeds, trust transfers, partial sales, timeshares, multiple parcel transactions and non-reported document number transfers)
Datasource: San Mateo County 2008/09 - 2012/13 Secured Tax Roll And County Recorder This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Page 15
Year
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average Price
$1,824,564 $4,042,163 $2,116,536 $2,318,128 $2,016,814 $2,870,871 $2,493,250 $2,887,636 $3,448,250 $4,960,354 $4,018,522 $3,784,509 $4,269,180 $5,067,091
Median Price
$1,660,000 $3,700,000 $2,000,000 $1,827,500 $1,852,500 $2,750,000 $2,175,000 $2,600,000 $3,125,000 $3,975,000 $3,180,000 $3,127,500 $3,775,000 $3,820,000
Median % Change
122.89% -45.95% -8.63% 1.37% 48.45% -20.91% 19.54% 20.19% 27.20% -20.00% -1.65% 20.70% 1.19%
Median Price
$6,000,000
Avg Price
$5,000,000
$4,000,000
Sales Price
$3,000,000
$2,000,000
$1,000,000
$0
19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12
Page 16
Year
*Sales not included in the analysis are quitclaim deeds, trust transfers, timeshares, and partial sales.
Data Source: San Mateo County Recorder This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Sales
6,000,000
Median Price
35 30 25 20
5,000,000
4,000,000
Sales
3,000,000 15 2,000,000 10 5 0
1,000,000
0
20 03 20 Q 03 1 20 Q 03 2 20 Q 03 3 20 Q 04 4 20 Q 04 1 20 Q 04 2 20 Q 04 3 20 Q 05 4 20 Q 05 1 20 Q 05 2 20 Q 05 3 20 Q 06 4 20 Q 06 1 20 Q 06 2 20 Q 06 3 20 Q 07 4 20 Q 07 1 20 Q 07 2 20 Q 07 3 20 Q 08 4 20 Q 08 1 20 Q 08 2 20 Q 08 3 20 Q 09 4 20 Q 09 1 20 Q 09 2 20 Q 09 3 20 Q 10 4 20 Q 10 1 20 Q 10 2 20 Q 10 3 20 Q 11 4 20 Q 11 1 20 Q 11 2 20 Q 11 3 20 Q 12 4 20 Q 12 1 20 Q 12 2 Q 3
Period
*Sales not included in the analysis are quitclaim deeds, trust transfers, timeshares, and partial sales.
Data Source: San Mateo County Recorder This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
~City has less than 10 sales in any year. *Sales not included in the analysis are quitclaim deeds, trust transfers, partial sales, timeshares, multiple parcel transactions and non-reported document number transfers.
Data Source: San Mateo County Recorder This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Nonunitary Utilities 0 0 0 0 0 0 0 $0
Values
Land Improvements Personal Property Fixtures Aircraft Total Value
Exemptions
Real Estate Personal Property Fixtures Aircraft Homeowners* Total Exemptions* 181,736,007 0 0 0 12,034,400 $181,736,007 $6,946,927,903 0 0 0 0 0 $0 $0 0 5,309,947 0 0 0 $5,309,947 $2,289,915
Combined Values Total Values Total Exemptions Net Total Values Net Aircraft Values
* Note: Homeowner Exemptions are not included in Total Exemptions Totals do not Include Aircraft Values or Exemptions Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Parcels
2,485 5 1 16 36 2 71 [39] 3 2,619
Revenue
$5,613,965.29 $0.00 $11,278.89 $0.00 $17,081.67 $0.00 $141,125.13 $1,958.89 $13,112.43 $5,798,522.29 (96.8%) (0.0%) (0.2%) (0.0%) (0.3%) (0.0%) (2.4%) (0.0%) (0.2%)
Revenue
R esidential 96.8%
R esidential 96.8%
Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
$ 0.1310
$ 0.1664
$ 0.01868
Menlo Park City Elementary General Of every dollar paid by Atherton residents, Menlo Fire receives 13.8 cents. ER AF Share of Menlo Park F ire D istrict Menlo Park Fire District
San Mateo County receives 13.1 cents. Atherton's General Fund receives just 8.6 cents.
$ 0.1383
$ 0.1556
The Fire Department's share exceeds the Town's by over 5 cents! Menlo Fire receives even more than the County Government.
$ 0.01984
$ 1.0000
ATI (Annual Tax Increment) Ratios for Tax Rate Area 001-001, Excluding Redevelopment Factors & Additional Debt Service
Data Source: San Mateo County Assessor 2012/13 Annual Tax Increment Tables
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
*The City tax rate is based on the largest non-redevopment Tax Rate Area in each city; other rates include city-governed overlaying districts such as lighting or maintenance districts.
Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls Prepared On 11/21/2012 By MV This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Page 22
+ Adjustment for ERAF (From Basic Non-Aircraft Tax Rate Revenue Only)
Homeowner Exemption revenues are included in the revenue model used for this report Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Owner
Parcels
1) 237 ATHERTON AVENUE LLC
Secured
Value $53,000,000 3
% of Net AV 0.76%
Unsecured
Parcels Value
% of Net AV
Combined
Value $53,000,000 % of Net AV 0.76%
2) BITA DARYABARI
$44,213,657
0.64%
$44,213,657
0.64%
$36,823,956
0.53%
$36,823,956
0.53%
$27,908,301
0.40%
$27,908,301
0.40%
$27,877,000
0.40%
$27,877,000
0.40%
$22,044,436
0.32%
$22,044,436
0.32%
7) ROBERT THOMAS
$21,013,296
0.30%
$21,013,296
0.30%
8) SHIBUMI LLC
$20,632,155
0.30%
$20,632,155
0.30%
$20,400,000
0.29%
$20,400,000
0.29%
$20,265,875
0.29%
$20,265,875
0.29%
23
$294,178,676 $6,946,927,903
4.23%
$0 $2,289,915
0.00%
$294,178,676 $6,949,217,818
4.23%
Top Owners last edited on 10/9/12 by paulac using sales through 07/12/12
Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls and the SBE Non Unitary Tax Roll This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Page 24
Assessed Value $53,000,000 $44,213,657 $36,823,956 $27,877,000 $27,908,301 $22,044,436 $21,013,296 $20,632,155 $19,538,026 $19,723,135 $19,093,588 $19,000,000 $20,265,875 $20,400,000 $18,710,717 $18,499,543 $18,130,577 $18,100,000 $18,048,410 $18,000,000 $17,421,829 $17,028,365 $16,083,200 $15,810,000 $15,500,000
The 'Est. Total Revenue' for each owner is the estimated revenue for that owner; the 'Est. Incr 1% Revenue' estimated the revenue apportioned as 1% increment Although these estimated calculations are performed on a parcel level, county auitor/contollers' offices neither calculate nor apportion revenures at a parcel level. Top Owners last edited on 10/09/12 by paulac using sales through 07/12/12 Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls and the SBE Non Unitary Tax Roll This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Page 25
Assessed Value $979,000 $208,025 $191,738 $126,345 $102,645 $74,483 $71,913 $46,278 $36,000 $31,002 $30,536 $30,101 $23,244 $23,145 $21,473 $19,851 $19,504 $19,381 $18,704 $17,466 $17,427 $16,421 $15,861 $14,839 $14,293
The 'Est. Total Revenue' for each owner is the estimated revenue for that owner; the 'Est. Incr 1% Revenue' estimated the revenue apportioned as 1% increment Although these estimated calculations are performed on a parcel level, county auitor/contollers' offices neither calculate nor apportion revenures at a parcel level. Top Owners last edited on 10/09/12 by paulac using sales through 07/12/12 Data Source: San Mateo County Assessor 2012/13 Combined Tax Rolls and the SBE Non Unitary Tax Roll This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Page 26
THE TOWN OF ATHERTON SBE ASSESSED NONUNITARY UTILITIES - 2012/13 TAX YEAR
Company Parcels
Parcel Company Parcel Map Number TRA Owner Land Value Improvement Value Personal Property Total Value
Data Source: State Board of Equalization 2012/13 Utility Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 11/21/2012 By MV
Page 27
2 Added Parcels
Data Source: San Mateo County Assessor 2011/12 And 2012/13 Secured Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Mar - 2011 Apr - 2011 May - 2011 Jun - 2011 Jul - 2011 Aug - 2011 Sep - 2011 Oct - 2011 Nov - 2011 Dec - 2011 Jan - 2012 Feb - 2012 Mar - 2012 Apr - 2012 May - 2012 Jun - 2012 Jul - 2012 Aug - 2012 Sep - 2012
% of Households 0.2% 0.1% 0.0% 0.4% 0.1% 0.0% 0.2% 0.1% 0.1% 0.2% 0.1% 0.0% 0.2% 0.1% 0.0% 0.1% 0.0% 0.1% 0.0%
Count
Notes Foreclosure data is grouped by zip code which may not follow municipal boundaries. Notices of Default: Indicates that the property owner has missed at least one scheduled loan payment. Notice of Trustees Sale: A document announcing the public sale of a property to recover debt owed by the owner of the property. Real Estate Owned: Property is now owned by the lender as a result of a foreclosure.
Data Source: RealtyTrac U.S. Foreclosure Market Report This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Ja Mna 2 M r - 00 ay 20 6 Ju - 2 06 Se l - 006 2 N p - 00 ov 20 6 Ja - 2 06 M n - 006 a 2 M r - 00 ay 20 7 Ju - 2 07 Se l - 00 2 7 N p - 007 ov 20 Ja - 2 07 M n - 007 a 2 M r - 00 ay 20 8 Ju - 2 08 Se l - 008 2 N p - 008 ov 20 Ja - 2 08 M n - 008 a 2 M r - 00 ay 20 9 Ju - 2 09 Se l - 00 2 9 N p - 00 ov 20 9 Ja - 2 09 M n - 009 a 2 M r - 01 ay 20 0 Ju - 2 10 Se l - 010 2 N p - 010 ov 20 Ja - 2 10 M n - 010 a 2 M r - 01 ay 20 1 Ju - 2 11 Se l - 01 2 1 N p - 01 ov 20 1 Ja - 2 11 M n - 011 a 2 M r - 01 ay 20 2 Ju - 2 12 Se l - 01 p 20 2 - 2 12 01 2
Period
Foreclosure Timeline
Data Source: RealtyTrac U.S. Foreclosure Market Report This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Notes Foreclosure data is grouped by zip code which may not follow municipal boundaries. Notices of Default: Indicates that the property owner has missed at least one scheduled loan payment. Notice of Trustees Sale: A document announcing the public sale of a property to recover debt owed by the owner of the property. Real Estate Owned: Property is now owned by the lender as a result of a foreclosure.
Data Source: RealtyTrac U.S. Foreclosure Market Report Prepared On 11/21/2012 By MV This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Page 31 Coren & Cone
Notices of Default
600
500
400
Count
300
200
100
00
00
00
00
00
01
01
2 01 Ju l -2
00
00
00
00
00
01
-2
-2
-2
-2
-2
-2
01
-2
-2
-2
-2
-2
-2
-2
-2
Ju l
Ju l
Ju l
Ju l
Ju l
Ju l
Ju l
Ja
Ja
Ja
Ja
Ja
Ja
Ja
Period
Notes Foreclosure data is grouped by zip code which may not follow municipal boundaries. Notices of Default: Indicates that the property owner has missed at least one scheduled loan payment. Notice of Trustees Sale: A document announcing the public sale of a property to recover debt owed by the owner of the property. Real Estate Owned: Property is now owned by the lender as a result of a foreclosure.
Data Source: RealtyTrac U.S. Foreclosure Market Report Prepared On 11/21/2012 By MV This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Page 32 Coren & Cone
Ja
-2
01
Data Source: RealtyTrac U.S. Foreclosure Market Report Prepared On 11/21/2012 By MV This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Page 33 Coren & Cone
Owner Borel Private Bank And Trust Company Us Bank Na 2007-Ar7 Trust Wells Fargo Bank Trust 3 Records
Use Code Descr. Taxable Value $5,700,000 RESIDENTIAL MISCELLANEOUS $1,296,678 SINGLE FAMILY RESIDENCE $744,852 SINGLE FAMILY RESIDENCE 7,741,530
$ Change
-$3,983,642 $25,424 $14,604
% Change
-41.1% 2.0% 2.0%
-3,943,614
-33.7%
10,000,000
This report is a computer generated listing using common words for banks, mortgage, lending, and savings and loan companies. Some proper names may therefore be included that are not lending institutions and some lending institutions may not be included. This listing includes sales transactions through 09/30/2012 and may be subject to changes as REO properties are acquired or sold from lending institutions.
Data Source: San Mateo County Assessor 2012/13 Secured Tax Roll This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 11/21/2012 By MV Page 34
Non-Residential New Construction A listing that calculates non-residential growth for increasing a City's Gann Limitation as a result of Proposition 111. Category Summary This table summarizes parcels within the city by use code and provides number of parcels, assessed value and property tax information. The report can be also be prepared for Absentee Owned, Pre Prop 13, or special geographic assembly requested by the city. Category History Graph This report graphically displays the historical growth by property category and the breakdown of assessed value by major property categories. Top Secured Property Owner/Taxpayer Summary These listings are compiled by a computer sort of all parcels owned by the same individual or group of individuals with a common mailing address. This assembly of parcels provides information about the largest overall secured property owners and/or taxpayers. The Top Ten Property Taxpayers includes the percentage of the entire tax levy attributed to a taxpayer as well as the use code and taxing jurisdiction of the property owner. SBE Listing The parcels owned by utility companies, which are not used in the production of the utility, are taxed at the normal rate and are listed on this report. Secured Parcel Change Listing This listing details the parcels that were dropped or added between roll years. Sales-Transfer of Ownership 5-Year summary of sales transactions of SFR, properties other than SFR and all properties detailed by Entire City, General Fund and Combined SAs. This report provides the original assessors enrolled value of the properties sold, the sales price paid and the differential value expected to be enrolled for the following tax year. Only full valued sales are tracked in this report. Sales Listing Detailed report of sales transactions assembled for Sales-Transfer of Ownership summary above. Sales-Average/Median Price History Multi-year summary of the average and median sales prices of full value sales for single family residential transactions.
Appeals Impact Projection (L.A., Orange, Riverside, San Bernardino, San Diego, Solano, Alameda) City or Agency Top 25 Owner Appeals History This section takes the current year Top 25 Owners and performs the same analysis, which was executed above to calculate the historical experience of successful appeals files by these owners. In most cases, since the Top 25 Owners own the highest valued parcels, their loss experience and reduced values exceed those of the remainder of the city or redevelopment project area in the analysis. City or Agency Pending Appeals Impact Projection: The third section of this report looks at the annual success ratios and based on those ratios, calculates the potential assessed value and tax losses of each years pending appeals based on that years experience. Since many of the appeals filed in the most current year have not yet been scheduled for hearings, we use the city or agency-wide average for all years to calculate the revenue loss for that year. Tax Increment Projection Prior year history and future projections are calculated for redevelopment project areas factoring in pass through-agreements, housing set aside amounts and county administrations fees. General Fund Spreadsheet This worksheet assists in developing a projection of general fund revenues. The upper portion of the report includes trending information with regards to annual CPI adjustments, value changes as a result of parcel transfers, the impact of successful appeals (in counties were this data is available) and other value increases/decreases over a six-year period. The lower portion of the table allows for staff input and tax calculation.
The HdL Coren & Cone 1340 Valley Vista Drive, Suite 200 Diamond Bar, California 91765 Phone: 909.861.4335 FAX: 909.861.7726 E-Mail: info@hdlccpropertytax.com www.hdlccpropertytax.com