California Comprehensive Annual Financial Report - City of Temecula

CITY OF TEMECULA
PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten Fiscal Years
Collected within the
Fiscal Year of the Levy
Total Collections to Date
Fiscal Year
Ended June 30
Taxes Levied for
the Fiscal Year
Amount
Percentage
of Levy
Collections in
Subsequent Years
Amount
Percentage of
Levy
2000 $ 1,468,721 $ 1,460,204 99.42% $ 51,566 $ 1,511,770 102.93%
2001 1,893,848 1,810,665 95.61% 75,686 1,886,351 99.60%
2002 2,145,106 2,193,463 102.25% 99,460 2,292,923 106.89%
2003 2,483,384 2,489,032 100.23% 105,076 2,594,107 104.46%
2004 2,923,196 2,824,269 96.62% 109,537 2,933,806 100.36%
2005 3,317,949 3,193,730 96.26% 120,996 3,314,726 99.90%
2006 4,579,225 4,349,076 94.97% 251,045 4,600,121 100.46%
2007 5,334,622 4,751,074 89.06% 475,692 5,226,766 97.98%
2008 6,014,790 5,243,899 87.18% 669,398 5,913,297 98.31%
2009 5,881,484 5,204,872 88.50% 543,382 5,748,254 97.73%
NOTE: Since the fiscal year ended June 30, 1994, the City of Temecula has received its property tax revenues in accordance with the Teeter
Plan. Under the Teeter Plan, the City is paid in full each year for the actual amount of property taxes levied, regardless of the amount of
delinquencies. As delinquent property taxes are collected, they are kept by the County including any penalties and interest. After 1994, any
differences between the total tax levy and total collections are due to tax roll adjustments made during the year.
Source: Riverside County Auditor-Controller and City of Temecula Finance Department
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