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1. Developed Property <br />Each Fiscal Year commencing in Fiscal Year 2021-22, each Assessor's Parcel of Developed Property <br />shall be subject to the Special Tax. <br />The Maximum Special Tax for Developed Property for Fiscal Year 2021-22 is shown below in Table 1. <br />TABLE <br />Land Use Type <br />Maximum <br />Special Tax <br />Single Family <br />$305 per <br />Residential Property <br />Residential Unit <br />Multi -Family <br />$214 per <br />Residential Property <br />Residential Unit <br />For each subsequent Fiscal Year following Fiscal Year 2021-22, the Maximum Special Tax rates shall be <br />increased from the Maximum Special Tax rate in effect for the prior Fiscal Year by the Annual Escalation <br />Factor. <br />2. Undeveloped Property <br />Each Fiscal Year commencing in Fiscal You 2021-22, each Assessor's Parcel classified as Undeveloped <br />Property shall be exempt from the levy of the Special Tax. <br />3. Exempt Property <br />No Special Tax shall be levied on Exempt Property as defined in Section F. <br />For each Fiscal Yew, if the use or ownership of an Assessor's Parcel or Exempt Property changes so that <br />such Assessor's Parrol is no longer classified as one of the uses set forth in Section F, therefore making <br />such Assessor's Parcel no longer eligible to be classified as Exempt Property, such Assessor's Parcel <br />shall be deemed to be Taxable Property and shall be taxed pursuant to the provisions of Section C. <br />D. METHOD OF APPORTIONMENT OF SPECIAL TAX <br />Commencing in Fiscal Year 2021-22 and for each subsequent Fiscal Year, the CFD Administrator shall <br />levy the Special Tax on all Taxable Property of CFD 2021-1 until the total amount of Special Tax levied <br />82741.000M2928862.1 <br />