Wednesday, April 16, 2014

More EID background

From page A4 | September 13, 2013 | 1 Comment

Some of the statistical information in the back of the El Dorado Irrigation District’s Comprehensive Annual Financial Report for 2012 is fascinating reading.

Take, for instance, Table 9 on page 78. It lists the top property tax payers in the district, ranking the first 20.

Leading off at No. 1 is Serrano Associates with $23.8 million of assessed value. Toll Brothers are second at $16.48 million.

Ever hear of the Min Nan Tseng Trust? That residential development is third at $9 million of assessed value. Marble Valley Co. is fourth at $8.3 million and Lennar Homes of California is fifth at $6.9 million. Sixth is PAC/SIB residential development at $6.8 million.

Long’s Drug Stores CA has industrial land in the county with an assessed value of $6.8 million. Safeway comes in eighth with its commercial property valued at $6.6 million. Ninth is Tradewinds Lodge with commercial land valued at $6.2 million and Target is 10th at $5.7 million.

The other 10 include three residential developments, two commercial properties, one auto sales lot, Serrano Country Club, two office buildings and one supermarket.

The district collects $9.3 million from a total property tax levy of $297 million within the district. The district also collects property-related revenues of $4,715 for maintenance districts — Singleton Ranch Reservoir, Clear Creek and Knolls Reservoir. Miscellaneous collections totaling $86,153 are for Swansboro Surcharge and other miscellaneous accounts and fees.

Mountain Democrat


Discussion | 1 comment

  • Paul RavelingSeptember 15, 2013 - 12:57 pm

    For a true eye-opener in property tax revenues check out the Coachella Valley Water District. It gets $81.4 million per year in property taxes. Just user half goes to the California Water Project, it's a desert area -- greater Palm Springs. It gets $39.1 million in property taxes for major functions directly involved with water, wastewater, and storm runoff. It's water-only operating expenses are about 38% higher than EID, but it has costs that EID doesn't, such as buying canal water and replenishing groundwater. In contrast, Eid had $9.3 million in property tax revenues in 2012, the EDH Fire Department received $11.9 million in fY 2011/2012,

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