COUNTY OF KERN

2010-2011

TAX RATES & ASSESSED VALUATIONS

Compiled by the Office of Ann K. Barnett

Auditor-Controller-County Clerk

KERN COUNTY TAX RATES

AND ASSESSED

VALUATIONS FOR THE YEAR

2010-2011

TABLE OF CONTENTS

Page Important Tax Dates and Information

Tax Rate Areas for Schools..............................…………................. iiPayment of Taxes - Due Dates........................................................ iiiStatement of Taxable Personal Property..........................................iiiExemptions....................................................................................... iiiTaxes will be Mailed......................……………................................. ivTax Rates.......................................……………………………………ivSupplemental Assessment...................………………………............ivCounty Assessment Appeals Board......………….............................ivGeneral & Special District Tax Levies.............................................. vDelinquent Taxes & Redemption Rates........................................... vi Where to Obtain Information............................................................ vi

Assessed Value & Tax Rates by Code Area............................ 1-399

Total Assessed Valuation of Kern County................................................ 400-401

Assessed Valuation of Schools & Other Special DistrictsSchool Districts

High Schools.................................................................................... 402-403Unified Schools.................................................................................403-404Community Colleges........................................................................ 404-406Special Schools................................................................................ 406-407

Special DistrictsCommunity Service Districts.............................................................408-409County Service Areas....................................................................... 409-412Fire Districts......................................................................................413Flood Control Districts...................................................................... 413Health Care Districts.........................................................................413Hospital Districts............................................................................... 413Irrigation Districts.............................................................................. 413Pest Control District.......................................................................... 413-414Recreation and Park Districts........................................................... 414Airport District..............................………….......................................414Cemetery Districts............................................................................ 414Resource Conservation Districts...................................................... 415Sanitary District..........................................…................................... 415Sanitation Districts............................................................................ 415Separation of Grade District............................................................. 415Public Transit District........................................................................ 415Municipal Utility District.....................................................................415Public Utility Districts........................................................................ 416Water Agencies................................................................................ 416California Water District.................................................................... 416County Water Districts...................................................................... 416-417Municipal Water District.................................................................... 417Water Drainage District.................................................................... 417Water Storage Districts.....................................................................418

Assessed Valuation of County Operating Funds..................................... 419

Assessed Valuation of Cities......................................................................420-423

Top Ten Taxpayers.................................................................................... 424-425

(i)

TAX RATE AREAS FOR SCHOOL DISTRICTS

Tax Tax Rate Rate

School Area School Area

Arvin……………………………………… 9, 54 Maricopa Unified............................... 3, 134Bakersfield………................................ 1, 56 McFarland.Unified............................ 8, 91Beardsley..………................................ 1, 57 McKittrick.......................................... 101Belridge.....………................................ 58 Midway............................................. 93Blake .......…........................................ 59 Mojave Unified.................................. 11, 94Buttonwillow…..................................... 62 Muroc Unified................................... 11, 98Caliente..……...................................... 63 Norris................................................ 1, 99Delano....……...................................... 2, 65 Panama - Buena Vista..................... 1, 61DiGiorgio.……..................................... 9, 115 Pond................................................. 108Edison....……...................................... 66 Richland …………........................... 6, 85Elk Hills..……....................................... 67 Rio Bravo-Greeley............................ 1, 114El Tejon Unified…................................ 84 Rosedale.......................................... 1, 116Fairfax...........……............................... 1, 68 Semitropic......................................... 117Fruitvale.........……............................... 1, 70 Sierra Sands Unified........................10, 11, 111General Shafter…................................ 1, 118 South Fork........................................ 120Greenfield.......…….............................. 1, 74 So. Kern Unified............................... 119Kernville.........……............................... 82 Standard........................................... 1, 121Lakeside........…................................... 1, 135 Taft................................................... 4, 124Lamont..........……............................... 1, 96 Tehachapi Unified............................ 5, 125Linns Valley-Poso Flat......................... 86 Vineland........................................... 1, 129Lost Hills...................…….................... 88 Wasco............................................... 7, 130Maple...........................….................... 89

(ii)

IMPORTANT TAX DATES AND INFORMATION

PAYMENT OF TAXES – DUE DATES

Taxes become a lien on all real property on the first day of January at 12:01 a.m. each year. The first installment becomes due and payable on November 1, each year and delinquent on December 10 at 5:00 p.m. each year. Ten percent penalty is added to delinquent first installments on December 10 at 5:00 p.m. The second installment of taxes becomes due and payable on February 1 each year and delinquent on April 10 at 5:00 p.m. each year. Ten percent penalty is added to delinquent second installments on April 10 at 5:00 p.m. each year plus a $10.00 advertising cost for each property tax bill added to the delinquent roll. Ten percent penalty is added to the Unsecured Personal Property Roll on all unpaid taxes at 5:00 p.m. on August 31, or on the last day of the month following the month in which the assessment was added to the roll, whichever is later. If the delinquent date falls on a weekend or holiday, the delinquent date is the next business day.

TAXPAYERS MUST FILE STATEMENT OF TAXABLE PERSONAL PROPERTY Section 441 of the Revenue and Taxation Code requires the filing of written statements by all persons owning taxable personal property, other than mobile homes, household furnishings, or personal effects, having an aggregate cost of $100,000 or more or upon the request of the Assessor. Such property statements shall be declared to be true under the penalty of perjury and shall be filed with the Assessor between the lien date and 5:00 p.m. on the last Friday in May, annually, or within such time as the Assessor may appoint. Neglect or refusal to file such a statement may result in a valuation made by the Assessor based upon such information that the Assessor may have in his possession, thereby causing different assessments and penalties to be imposed. (Sections 501, 502 & 503 of the Revenue and Taxation Code.)

EXEMPTIONS All property in this state is taxable except that which is exempted by Article XIII Section 3 of the Constitution of the State of California. These exemptions include but are not limited to churches, welfare institutions, libraries, museums, veterans, homeowners, cemeteries, etc. The filing dates for affidavits for exemptions are: Homeowners: At the time when claimant becomes eligible but no later than 5 p.m. on February 15. Church and Religious: Between January 1 and February 15. Veterans: Between January 1 and February 15. Welfare and Veterans Organizations: Between January 1 and February 15. All others: Between January 1 and February 15.

(iii)

TAX BILL WILL BE MAILED Current Secured Tax bills are mailed on or before November 1 to the Assessee at the address as it appears on the Assessment Tax Roll. If a taxpayer does not receive a tax bill by November 10 for any or all properties that are taxable, a bill should be obtained immediately from the Treasurer-Tax Collector. Penalties will not be waived for late payment due to non-receipt of a tax bill, unless it is due to a county error. Current Unsecured Tax bills are mailed on or before July 31 to the Assessee at the address as it appears on the Assessment Tax Roll. Should taxpayers not receive tax bills by August 10, they may obtain a tax bill in a timely manner by contacting the Treasurer-Tax Collector’s office. All tax bills should be carefully examined before paying, to assure that all taxable property is included. Taxpayers are urged to remit early and avoid the congestion and delay experienced during the last two or three weeks of the first and second installment collection deadlines.

TAX RATES Tax rates are fixed annually, not later than the third day of October, by the Board of Supervisors. Tax rates include the general levy required by Article XIII of the State Constitution, levies for voter approved debts, and negative levies for monies to be returned under Section 100 of the Revenue and Taxation Code.

SUPPLEMENTAL ASSESSMENT Effective July 1, 1983, any change in ownership or qualified completion of new construction is subject to a supplemental assessment (R. & T. Code Section 75, et. Seq.) The tax liability will be a prorated amount for the balance of the current fiscal year. If the transfer or completion occurs between the lien date and May 31st, there will be a supplemental assessment for the current year and the succeeding fiscal year. This will be a one-time supplemental assessment in addition to the normal tax bills in succeeding years reflecting the appropriate value change. Supplemental tax bills are payable in two installments. Supplemental tax bills mailed between July 1st and October 31st are payable as noted above under "PAYMENT OF TAXES – DUE DATES." If the supplemental tax bills are mailed within the months of November through June, the first installment shall become delinquent on the last day of the month following the month of issue, with the second installment due on the last day of the fourth calendar month following the date the first installment is delinquent.

COUNTY ASSESSMENT APPEALS BOARD The assessment rolls are open for public inspection during regular business hours. Property owners may inspect the roll, ascertain and criticize their assessments and seek adjustment and equalization of values. The Assessment Appeals Board meets on the third Monday in July and continues in session thereafter until the business of equalization is completed.

(iv)

COUNTY ASSESSMENT APPEALS BOARD – (cont’d)

Applications for Change of Assessment must be obtained and filed with the Clerk of the Board, 1115 Truxtun Avenue, 5th Floor, Bakersfield, CA 93301, (661) 868-3585. The filing dates are from July 2 through November 30 or within 60 days of notification for an assessment outside the regular period. Disagreements with the assessment should be discussed with the Assessor prior to filing a formal appeal. This could avoid unnecessary complications and could result in the problem being resolved quickly.

GENERAL AND SPECIAL DISTRICT TAX LEVIES

GENERAL LEVIES General local government rate: All taxable property within the County. SPECIAL DISTRICTS LEVIES Citrus Pest Control District: Value of citrus trees, translated to the number of acres and levied as a special assessment. City Bonds: All taxable property within the City. Community Service District Bonds: All taxable property within each district. County Service Areas: Service charge by parcel. Health Care District Bonds: All taxable property within each district. Irrigation District Debt: All taxable land only within each district. Public Utility District Bonds: All taxable property within each district. Sanitary Districts: Service charge by parcel. Sanitation Districts: Service charge by parcel. Storm Water Districts: All taxable property for maintenance, all real property for bond interest and redemption. Water Agency Debt: All taxable property within each district. Water District Bonds: All taxable property within each district. School District Bonds: All taxable property within each district.

(v)

DELINQUENT TAXES AND REDEMPTION RATES Beginning July 1 of the year of tax default, an amount of 1 ½ percent per month will be added to the amount due on unpaid taxes for that year up to the time of redemption. Statutory penalties and advertising costs will also be charged. For all information regarding delinquent tax bills or a redemption from tax defaulted properties, contact the County Treasurer-Tax Collector, 1115 Truxtun Avenue, 2nd Floor, Bakersfield, CA 93301-4639, (661) 868-3490, or use the 24 hour information system (see item 4 below.)

WHERE TO OBTAIN INFORMATION Inasmuch as matters pertaining to the levy and collection of the various kinds of taxes are handled by several departments of County government, and in order that taxpayers needing information may be served promptly and efficiently, the following information is offered for their guidance. 1. ASSESSOR-RECORDER: The Assessor values all taxable property in the County. The assessment roll is prepared by the Assessor and turned over to the Auditor-Controller-County Clerk for computation of taxes against the various valuations fixed by the Assessor. Questions pertaining to valuations of property; church, veterans' and other exemptions; changes of assessment; address changes; etc., should be addressed to the Assessor, (661) 868-3485. 2. AUDITOR-CONTROLLER-COUNTY CLERK: The County Auditor-Controller-County Clerk receives the assessment roll from the Assessor, adds special assessments as provided by cities and special districts, calculates tax rates and extends the taxes using the rates adopted by the Board of Supervisors. This process translates the assessment roll to the form of property tax bills, which are turned over to the Treasurer-Tax Collector for billing and collection. Questions pertaining to district valuations, tax rates, tax levies, bond issues, bond requirements, land special assessments, should be addressed to the County Auditor-Controller-County Clerk, (661) 868-3599. 3. TREASURER-TAX COLLECTOR: The Treasurer-Tax Collector mails the tax bills and collects taxes. The assessed value shown thereon is taken from the assessment roll. Questions pertaining to collection of current and delinquent taxes should be addressed to the Treasurer-Tax Collector, (661) 868-3490. 4. 24 HOUR INFORMATION AND PAYMENT SYSTEM: Automated property tax information is available 24 hours a day by telephone at (888) 628-2937 or by Internet at www.kctt.co.kern.ca.us/payments/mainsearch.aspx. 5. Additional property tax information is also available at the following Web addresses:

ASSESSOR-RECORDER – http://www.co.kern.ca.us/assessor

AUDITOR-CONTROLLER-COUNTY CLERK – http://www.co.kern.ca.us/auditor

TREASURER-TAX COLLECTOR – http://www.kcttc.co.kern.ca.us

(vi)

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 000-001 CO WIDE UNITARY 001-001 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,750,730,188 KCCD SRID 2002B 0.001292 NET $1,750,730,188 TOTAL 1.176436 * UNIT/OP NOUNIT-1% 1.000000 UNIT/OP NOUNIT DS 0.383917 001-002 BAKERSFIELD INSIDE-ROSEDALE TOTAL 1.383917 * UNSECURED VALUATION GROSS $73,133 NET $73,133 000-002 CO WIDE UNITARY-RAILROAD GEN LOCAL GOVT 1.000000 SECURED VALUATION GROSS $59,639,683 KCWA ZN 7 DEBT 0.031450 NET $59,639,683 KCWA ZN 17 DEBT 0.009357 RAILWAY UT 1% 1.000000 KCWA ZN 19 DEBT 0.014494 RAILWAY UTDS 0.383917 KHS REFUNDING 96A 0.017224 TOTAL 1.383917 * KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 000-095 CO WIDE UNITARY-ELECTRIC KERN HIGH 2004B 0.010398 SECURED VALUATION GROSS $36,649,828 KERN HIGH 2004C 0.006809 NET $36,649,828 KCCD SRID 2002A 0.003095 QUAL PUBLIC UT 1% 1.000000 KCCD SRID 02A RFD 0.005730 QUAL PUBLIC UTDS 0.383917 KCCD SRID 2002B 0.001292 TOTAL 1.383917 * TOTAL 1.110115 * 000-500 INTRA COUNTY PIPELINE R/W 001-003 BAKERSFIELD INSIDE UNSECURED VALUATION GROSS $85,641,464 SECURED VALUATION GROSS $1,104,835,246 NET $85,641,464 HOMEOWNERS EXEMPTION $28,784,000 PIPE LINE R/W 1% 1.000000 NET $1,076,051,246 PIPE LINE R/W DS 0.383917 UNSECURED VALUATION GROSS $72,969,143 TOTAL 1.383917 * NET $72,969,143 GEN LOCAL GOVT 1.000000 000-511 INTER COUNTY PIPELINE R/W KCWA ZN 7 DEBT 0.031450 SECURED VALUATION GROSS $2,163,328 KCWA ZN 17 DEBT 0.009357 NET $2,163,328 KCWA ZN 19 DEBT 0.014494 UNSECURED VALUATION GROSS $41,177,996 BKFLD REFND 89C&D 0.021998 NET $41,177,996 BKFLD SCH 93 RFD 0.021957 PIPE LINE R/W 1% 1.000000 BKFLD SCH 2006-A 0.022366 PIPE LINE R/W DS 0.383917 KHS REFUNDING 96A 0.017224 TOTAL 1.383917 * KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 001-001 BAKERSFIELD INSIDE KERN HIGH 2004B 0.010398 SECURED VALUATION GROSS $1,044,195,211 KERN HIGH 2004C 0.006809 HOMEOWNERS EXEMPTION $15,813,000 KCCD SRID 2002A 0.003095 NET $1,028,382,211 KCCD SRID 02A RFD 0.005730 UNSECURED VALUATION GROSS $90,334,576 KCCD SRID 2002B 0.001292 NET $90,334,576 TOTAL 1.176436 * GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 BKFLD REFND 89C&D 0.021998 BKFLD SCH 93 RFD 0.021957 BKFLD SCH 2006-A 0.022366 KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 KERN HIGH 2004B 0.010398 KERN HIGH 2004C 0.006809 KCCD SRID 2002A 0.003095 KCCD SRID 02A RFD 0.005730 PAGE 1

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-005 BAKERSFIELD INSIDE-GREENFIELD 001-007 PANAMA - BUENA VISTA SECURED VALUATION GROSS $603,644 PANAMA 2002 REF 0.011605 NET $603,644 KHS REFUNDING 96A 0.017224 UNSECURED VALUATION GROSS $6,572,446 KERN HIGH 1990E 0.003019 NET $6,572,446 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004C 0.006809 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002A 0.003095 KCWA ZN 19 DEBT 0.014494 KCCD SRID 02A RFD 0.005730 GRNFLD RFND 90-A 0.021406 KCCD SRID 2002B 0.001292 GRNFLD RFND 90-B 0.016777 TOTAL 1.121720 * GREENFLD BD 90-C 0.006068 GREENFLD 2002A 0.008358 001-008 BAKERSFIELD INSIDE GREENFLD 2002B 0.007794 SECURED VALUATION GROSS $122,700 GREENFLD 2006A 0.017882 HOMEOWNERS EXEMPTION $7,000 KHS REFUNDING 96A 0.017224 NET $115,700 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 BKFLD REFND 89C&D 0.021998 KCCD SRID 02A RFD 0.005730 BKFLD SCH 93 RFD 0.021957 KCCD SRID 2002B 0.001292 BKFLD SCH 2006-A 0.022366 TOTAL 1.188400 * KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 001-006 BAKERSFIELD INSIDE KERN HIGH 2004A 0.007247 SECURED VALUATION GROSS $23,296,500 KERN HIGH 2004B 0.010398 NET $23,296,500 KERN HIGH 2004C 0.006809 UNSECURED VALUATION GROSS $1,904,640 KCCD SRID 2002A 0.003095 NET $1,904,640 KCCD SRID 02A RFD 0.005730 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.001292 KCWA ZN 7 DEBT 0.031450 TOTAL 1.176436 * KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 001-009 BAKERSFIELD INSIDE BKFLD REFND 89C&D 0.021998 SECURED VALUATION GROSS $760,524 BKFLD SCH 93 RFD 0.021957 NET $760,524 BKFLD SCH 2006-A 0.022366 UNSECURED VALUATION GROSS $24,661 KHS REFUNDING 96A 0.017224 NET $24,661 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 BKFLD REFND 89C&D 0.021998 KCCD SRID 02A RFD 0.005730 BKFLD SCH 93 RFD 0.021957 KCCD SRID 2002B 0.001292 BKFLD SCH 2006-A 0.022366 TOTAL 1.176436 * KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 001-007 PANAMA - BUENA VISTA KERN HIGH 2004A 0.007247 SECURED VALUATION GROSS $1,895,741 KERN HIGH 2004B 0.010398 HOMEOWNERS EXEMPTION $63,000 KERN HIGH 2004C 0.006809 NET $1,832,741 KCCD SRID 2002A 0.003095 UNSECURED VALUATION GROSS $553,131 KCCD SRID 02A RFD 0.005730 NET $553,131 KCCD SRID 2002B 0.001292 GEN LOCAL GOVT 1.000000 TOTAL 1.176436 * KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 PAGE 2

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-010 BAKERSFIELD INSIDE-GREENFIELD 001-012 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,300,757 KHS REFUNDING 96A 0.017224 HOMEOWNERS EXEMPTION $49,000 KERN HIGH 1990E 0.003019 NET $1,251,757 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 GRNFLD RFND 90-A 0.021406 KCCD SRID 02A RFD 0.005730 GRNFLD RFND 90-B 0.016777 KCCD SRID 2002B 0.001292 GREENFLD BD 90-C 0.006068 TOTAL 1.176436 * GREENFLD 2002A 0.008358 GREENFLD 2002B 0.007794 001-013 BAKERSFIELD INSIDE GREENFLD 2006A 0.017882 SECURED VALUATION GROSS $68,957,090 KHS REFUNDING 96A 0.017224 NET $68,957,090 KERN HIGH 1990E 0.003019 UNSECURED VALUATION GROSS $15,054,596 KERN HIGH 2004A 0.007247 NET $15,054,596 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 BKFLD REFND 89C&D 0.021998 TOTAL 1.156950 * BKFLD SCH 93 RFD 0.021957 BKFLD SCH 2006-A 0.022366 001-011 BAKERSFIELD INSIDE KHS REFUNDING 96A 0.017224 SECURED VALUATION GROSS $1,427,092 KERN HIGH 1990E 0.003019 HOMEOWNERS EXEMPTION $21,000 KERN HIGH 2004A 0.007247 NET $1,406,092 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 BKFLD REFND 89C&D 0.021998 TOTAL 1.176436 * BKFLD SCH 93 RFD 0.021957 BKFLD SCH 2006-A 0.022366 001-014 BAKERSFIELD INSIDE KHS REFUNDING 96A 0.017224 SECURED VALUATION GROSS $603,644 KERN HIGH 1990E 0.003019 NET $603,644 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004C 0.006809 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002A 0.003095 KCWA ZN 19 DEBT 0.014494 KCCD SRID 02A RFD 0.005730 BKFLD REFND 89C&D 0.021998 KCCD SRID 2002B 0.001292 BKFLD SCH 93 RFD 0.021957 TOTAL 1.176436 * BKFLD SCH 2006-A 0.022366 KHS REFUNDING 96A 0.017224 001-012 BAKERSFIELD INSIDE KERN HIGH 1990E 0.003019 SECURED VALUATION GROSS $34,200,552 KERN HIGH 2004A 0.007247 HOMEOWNERS EXEMPTION $2,023,000 KERN HIGH 2004B 0.010398 NET $32,177,552 KERN HIGH 2004C 0.006809 UNSECURED VALUATION GROSS $433,993 KCCD SRID 2002A 0.003095 NET $433,993 KCCD SRID 02A RFD 0.005730 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.001292 KCWA ZN 7 DEBT 0.031450 TOTAL 1.176436 * KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 BKFLD REFND 89C&D 0.021998 BKFLD SCH 93 RFD 0.021957 BKFLD SCH 2006-A 0.022366 PAGE 3

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-015 BAKERSFIELD INSIDE 001-017 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $33,518,935 BEARDSLEY 2000B 0.006897 HOMEOWNERS EXEMPTION $1,554,000 BEARDSLEY 2006A 0.020855 NET $31,964,935 BEARDSLEY RF 2007 0.015801 UNSECURED VALUATION GROSS $316,556 BEARDSLEY 2006B 0.005899 NET $316,556 KHS REFUNDING 96A 0.017224 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003019 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004A 0.007247 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004B 0.010398 KCWA ZN 19 DEBT 0.014494 KERN HIGH 2004C 0.006809 BKFLD REFND 89C&D 0.021998 KCCD SRID 2002A 0.003095 BKFLD SCH 93 RFD 0.021957 KCCD SRID 02A RFD 0.005730 BKFLD SCH 2006-A 0.022366 KCCD SRID 2002B 0.001292 KHS REFUNDING 96A 0.017224 TOTAL 1.167509 * KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 001-018 BAKERSFIELD INSIDE-GREENFIELD KERN HIGH 2004B 0.010398 SECURED VALUATION GROSS $531,533,726 KERN HIGH 2004C 0.006809 HOMEOWNERS EXEMPTION $9,952,719 KCCD SRID 2002A 0.003095 NET $521,581,007 KCCD SRID 02A RFD 0.005730 UNSECURED VALUATION GROSS $38,546,827 KCCD SRID 2002B 0.001292 NET $38,546,827 TOTAL 1.176436 * GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 001-016 BAKERSFIELD INSIDE KCWA ZN 17 DEBT 0.009357 SECURED VALUATION GROSS $12,641,613 KCWA ZN 19 DEBT 0.014494 HOMEOWNERS EXEMPTION $147,000 GRNFLD RFND 90-A 0.021406 NET $12,494,613 GRNFLD RFND 90-B 0.016777 UNSECURED VALUATION GROSS $34,812 GREENFLD BD 90-C 0.006068 NET $34,812 GREENFLD 2002A 0.008358 GEN LOCAL GOVT 1.000000 GREENFLD 2002B 0.007794 KCWA ZN 7 DEBT 0.031450 GREENFLD 2006A 0.017882 KCWA ZN 17 DEBT 0.009357 KHS REFUNDING 96A 0.017224 KCWA ZN 19 DEBT 0.014494 KERN HIGH 1990E 0.003019 BKFLD REFND 89C&D 0.021998 KERN HIGH 2004A 0.007247 BKFLD SCH 93 RFD 0.021957 KERN HIGH 2004B 0.010398 BKFLD SCH 2006-A 0.022366 KERN HIGH 2004C 0.006809 KHS REFUNDING 96A 0.017224 KCCD SRID 2002A 0.003095 KERN HIGH 1990E 0.003019 KCCD SRID 02A RFD 0.005730 KERN HIGH 2004A 0.007247 KCCD SRID 2002B 0.001292 KERN HIGH 2004B 0.010398 TOTAL 1.188400 * KERN HIGH 2004C 0.006809 KCCD SRID 2002A 0.003095 KCCD SRID 02A RFD 0.005730 KCCD SRID 2002B 0.001292 TOTAL 1.176436 * 001-017 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $102,162,681 HOMEOWNERS EXEMPTION $7,000 NET $102,155,681 UNSECURED VALUATION GROSS $18,841,214 NET $18,841,214 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 BEARDSLEY 2000A 0.007942 PAGE 4

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-019 BAKERSFIELD INSIDE-BEARDSLEY 001-021 BAKERSFIELD INSIDE SECURED VALUATION GROSS $39,213,925 KERN HIGH 2004A 0.007247 NET $39,213,925 KERN HIGH 2004B 0.010398 UNSECURED VALUATION GROSS $20,985 KERN HIGH 2004C 0.006809 NET $20,985 KCCD SRID 2002A 0.003095 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005730 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002B 0.001292 KCWA ZN 17 DEBT 0.009357 TOTAL 1.176436 * KCWA ZN 19 DEBT 0.014494 BEARDSLEY 2000A 0.007942 001-022 BAKERSFIELD INSIDE-GREENFIELD BEARDSLEY 2000B 0.006897 SECURED VALUATION GROSS $23,118,482 BEARDSLEY 2006A 0.020855 HOMEOWNERS EXEMPTION $798,000 BEARDSLEY RF 2007 0.015801 NET $22,320,482 BEARDSLEY 2006B 0.005899 UNSECURED VALUATION GROSS $113,150 KHS REFUNDING 96A 0.017224 NET $113,150 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 GRNFLD RFND 90-A 0.021406 KCCD SRID 02A RFD 0.005730 GRNFLD RFND 90-B 0.016777 KCCD SRID 2002B 0.001292 GREENFLD BD 90-C 0.006068 TOTAL 1.167509 * GREENFLD 2002A 0.008358 GREENFLD 2002B 0.007794 001-020 BAKERSFIELD INSIDE GREENFLD 2006A 0.017882 SECURED VALUATION GROSS $8,230,098 KHS REFUNDING 96A 0.017224 HOMEOWNERS EXEMPTION $406,000 KERN HIGH 1990E 0.003019 NET $7,824,098 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004C 0.006809 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002A 0.003095 KCWA ZN 19 DEBT 0.014494 KCCD SRID 02A RFD 0.005730 BKFLD REFND 89C&D 0.021998 KCCD SRID 2002B 0.001292 BKFLD SCH 93 RFD 0.021957 TOTAL 1.188400 * BKFLD SCH 2006-A 0.022366 KHS REFUNDING 96A 0.017224 001-024 PANAMA - BUENA VISTA KERN HIGH 1990E 0.003019 SECURED VALUATION GROSS $13,029,305 KERN HIGH 2004A 0.007247 HOMEOWNERS EXEMPTION $525,000 KERN HIGH 2004B 0.010398 NET $12,504,305 KERN HIGH 2004C 0.006809 UNSECURED VALUATION GROSS $425,112 KCCD SRID 2002A 0.003095 NET $425,112 KCCD SRID 02A RFD 0.005730 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.001292 KCWA ZN 7 DEBT 0.031450 TOTAL 1.176436 * KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 001-021 BAKERSFIELD INSIDE PANAMA 2002 REF 0.011605 SECURED VALUATION GROSS $7,111 KHS REFUNDING 96A 0.017224 NET $7,111 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 BKFLD REFND 89C&D 0.021998 KCCD SRID 02A RFD 0.005730 BKFLD SCH 93 RFD 0.021957 KCCD SRID 2002B 0.001292 BKFLD SCH 2006-A 0.022366 TOTAL 1.121720 * KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 PAGE 5

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-025 PANAMA - BUENA VISTA 001-027 BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $982,570,083 KERN HIGH 2004C 0.006809 HOMEOWNERS EXEMPTION $15,729,000 KCCD SRID 2002A 0.003095 NET $966,841,083 KCCD SRID 02A RFD 0.005730 UNSECURED VALUATION GROSS $65,551,405 KCCD SRID 2002B 0.001292 NET $65,551,405 TOTAL 1.188400 * GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 001-028 BAKERSFIELD INSIDE KCWA ZN 17 DEBT 0.009357 SECURED VALUATION GROSS $227,998,419 KCWA ZN 19 DEBT 0.014494 HOMEOWNERS EXEMPTION $2,009,000 PANAMA 2002 REF 0.011605 NET $225,989,419 KHS REFUNDING 96A 0.017224 UNSECURED VALUATION GROSS $42,736,441 KERN HIGH 1990E 0.003019 NET $42,736,441 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004C 0.006809 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002A 0.003095 KCWA ZN 19 DEBT 0.014494 KCCD SRID 02A RFD 0.005730 BKFLD REFND 89C&D 0.021998 KCCD SRID 2002B 0.001292 BKFLD SCH 93 RFD 0.021957 TOTAL 1.121720 * BKFLD SCH 2006-A 0.022366 KHS REFUNDING 96A 0.017224 001-026 BAKERSFIELD INSIDE KERN HIGH 1990E 0.003019 SECURED VALUATION GROSS $185,211 KERN HIGH 2004A 0.007247 HOMEOWNERS EXEMPTION $14,000 KERN HIGH 2004B 0.010398 NET $171,211 KERN HIGH 2004C 0.006809 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.003095 KCWA ZN 7 DEBT 0.031450 KCCD SRID 02A RFD 0.005730 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002B 0.001292 KCWA ZN 19 DEBT 0.014494 TOTAL 1.176436 * BKFLD REFND 89C&D 0.021998 BKFLD SCH 93 RFD 0.021957 001-029 BAKERSFIELD INSIDE-FRUITVALE BKFLD SCH 2006-A 0.022366 SECURED VALUATION GROSS $20,310,345 KHS REFUNDING 96A 0.017224 NET $20,310,345 KERN HIGH 1990E 0.003019 UNSECURED VALUATION GROSS $4,491,292 KERN HIGH 2004A 0.007247 NET $4,491,292 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 FRUITV RFD 94A&B 0.030278 TOTAL 1.176436 * FRUITVALE 94C BD 0.008441 FRTVALE SCHL BOND 0.021369 001-027 BAKERSFIELD INSIDE-GREENFIELD FRTVALE SCHL BOND 0.009408 GEN LOCAL GOVT 1.000000 KHS REFUNDING 96A 0.017224 KCWA ZN 7 DEBT 0.031450 KERN HIGH 1990E 0.003019 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004A 0.007247 KCWA ZN 19 DEBT 0.014494 KERN HIGH 2004B 0.010398 GRNFLD RFND 90-A 0.021406 KERN HIGH 2004C 0.006809 GRNFLD RFND 90-B 0.016777 KCCD SRID 2002A 0.003095 GREENFLD BD 90-C 0.006068 KCCD SRID 02A RFD 0.005730 GREENFLD 2002A 0.008358 KCCD SRID 2002B 0.001292 GREENFLD 2002B 0.007794 TOTAL 1.179611 * GREENFLD 2006A 0.017882 KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 KERN HIGH 2004B 0.010398 PAGE 6

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-030 BAKERSFIELD INSIDE 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $5,713,556 BKFLD SCH 2006-A 0.022366 HOMEOWNERS EXEMPTION $21,000 KHS REFUNDING 96A 0.017224 NET $5,692,556 KERN HIGH 1990E 0.003019 UNSECURED VALUATION GROSS $4,972,464 KERN HIGH 2004A 0.007247 NET $4,972,464 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 BKFLD REFND 89C&D 0.021998 TOTAL 1.176436 * BKFLD SCH 93 RFD 0.021957 BKFLD SCH 2006-A 0.022366 001-033 PANAMA - BUENA VISTA KHS REFUNDING 96A 0.017224 SECURED VALUATION GROSS $124,000 KERN HIGH 1990E 0.003019 NET $124,000 KERN HIGH 2004A 0.007247 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010398 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004C 0.006809 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002A 0.003095 KCWA ZN 19 DEBT 0.014494 KCCD SRID 02A RFD 0.005730 PANAMA 2002 REF 0.011605 KCCD SRID 2002B 0.001292 KHS REFUNDING 96A 0.017224 TOTAL 1.176436 * KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 001-031 BAKERSFIELD INSIDE KERN HIGH 2004B 0.010398 SECURED VALUATION GROSS $19,852,256 KERN HIGH 2004C 0.006809 HOMEOWNERS EXEMPTION $322,000 KCCD SRID 2002A 0.003095 NET $19,530,256 KCCD SRID 02A RFD 0.005730 UNSECURED VALUATION GROSS $10,900 KCCD SRID 2002B 0.001292 NET $10,900 TOTAL 1.121720 * GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 001-034 BAKERSFIELD INSIDE KCWA ZN 17 DEBT 0.009357 SECURED VALUATION GROSS $402,669 KCWA ZN 19 DEBT 0.014494 NET $402,669 BKFLD REFND 89C&D 0.021998 GEN LOCAL GOVT 1.000000 BKFLD SCH 93 RFD 0.021957 BKFLD REFND 89C&D 0.021998 BKFLD SCH 2006-A 0.022366 BKFLD SCH 93 RFD 0.021957 KHS REFUNDING 96A 0.017224 BKFLD SCH 2006-A 0.022366 KERN HIGH 1990E 0.003019 KHS REFUNDING 96A 0.017224 KERN HIGH 2004A 0.007247 KERN HIGH 1990E 0.003019 KERN HIGH 2004B 0.010398 KERN HIGH 2004A 0.007247 KERN HIGH 2004C 0.006809 KERN HIGH 2004B 0.010398 KCCD SRID 2002A 0.003095 KERN HIGH 2004C 0.006809 KCCD SRID 02A RFD 0.005730 KCCD SRID 2002A 0.003095 KCCD SRID 2002B 0.001292 KCCD SRID 02A RFD 0.005730 TOTAL 1.176436 * KCCD SRID 2002B 0.001292 TOTAL 1.121135 * 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $181,593 NET $181,593 UNSECURED VALUATION GROSS $11,806 NET $11,806 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 BKFLD REFND 89C&D 0.021998 BKFLD SCH 93 RFD 0.021957 PAGE 7

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-035 PANAMA - BUENA VISTA 001-038 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $83,355,551 KERN HIGH 1990E 0.003019 NET $83,355,551 KERN HIGH 2004A 0.007247 UNSECURED VALUATION GROSS $16,103,448 KERN HIGH 2004B 0.010398 NET $16,103,448 KERN HIGH 2004C 0.006809 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.003095 KCWA ZN 7 DEBT 0.031450 KCCD SRID 02A RFD 0.005730 KCWA ZN 17 DEBT 0.009357 KCCD SRID 2002B 0.001292 KCWA ZN 19 DEBT 0.014494 TOTAL 1.179611 * PANAMA 2002 REF 0.011605 KHS REFUNDING 96A 0.017224 001-039 BAKERSFIELD INSIDE KERN HIGH 1990E 0.003019 SECURED VALUATION GROSS $2,607,952 KERN HIGH 2004A 0.007247 HOMEOWNERS EXEMPTION $35,000 KERN HIGH 2004B 0.010398 NET $2,572,952 KERN HIGH 2004C 0.006809 UNSECURED VALUATION GROSS $316,576 KCCD SRID 2002A 0.003095 NET $316,576 KCCD SRID 02A RFD 0.005730 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.001292 KCWA ZN 7 DEBT 0.031450 TOTAL 1.121720 * KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 001-037 BAKERSFIELD INSIDE-FRUITVALE BKFLD REFND 89C&D 0.021998 SECURED VALUATION GROSS $66,245,693 BKFLD SCH 93 RFD 0.021957 NET $66,245,693 BKFLD SCH 2006-A 0.022366 UNSECURED VALUATION GROSS $12,440,074 KHS REFUNDING 96A 0.017224 NET $12,440,074 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 FRUITV RFD 94A&B 0.030278 KCCD SRID 02A RFD 0.005730 FRUITVALE 94C BD 0.008441 KCCD SRID 2002B 0.001292 FRTVALE SCHL BOND 0.021369 TOTAL 1.176436 * FRTVALE SCHL BOND 0.009408 KHS REFUNDING 96A 0.017224 001-040 BAKERSFIELD INSIDE KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 BKFLD REFND 89C&D 0.021998 KCCD SRID 02A RFD 0.005730 BKFLD SCH 93 RFD 0.021957 KCCD SRID 2002B 0.001292 BKFLD SCH 2006-A 0.022366 TOTAL 1.179611 * KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 001-038 BAKERSFIELD INSIDE-FRUITVALE KERN HIGH 2004A 0.007247 SECURED VALUATION GROSS $28,361,108 KERN HIGH 2004B 0.010398 NET $28,361,108 KERN HIGH 2004C 0.006809 UNSECURED VALUATION GROSS $724,507 KCCD SRID 2002A 0.003095 NET $724,507 KCCD SRID 02A RFD 0.005730 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.001292 KCWA ZN 7 DEBT 0.031450 TOTAL 1.176436 * KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 FRUITV RFD 94A&B 0.030278 FRUITVALE 94C BD 0.008441 FRTVALE SCHL BOND 0.021369 FRTVALE SCHL BOND 0.009408 KHS REFUNDING 96A 0.017224 PAGE 8

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-041 BAKERSFIELD INSIDE-PANAMA 001-043 BAKERSFIELD INSIDE-LAKESIDE SECURED VALUATION GROSS $155,965,899 KCCD SRID 02A RFD 0.005730 HOMEOWNERS EXEMPTION $3,647,000 KCCD SRID 2002B 0.001292 NET $152,318,899 TOTAL 1.097411 * UNSECURED VALUATION GROSS $307,248 NET $307,248 001-044 PANAMA - BUENA VISTA GEN LOCAL GOVT 1.000000 SECURED VALUATION GROSS $42,537,154 KCWA ZN 7 DEBT 0.031450 HOMEOWNERS EXEMPTION $1,498,000 KCWA ZN 17 DEBT 0.009357 NET $41,039,154 KCWA ZN 19 DEBT 0.014494 UNSECURED VALUATION GROSS $1,270,369 PANAMA 2002 REF 0.011605 NET $1,270,369 KHS REFUNDING 96A 0.017224 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003019 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004A 0.007247 KCWA ZN 19 DEBT 0.014494 KERN HIGH 2004B 0.010398 PANAMA 2002 REF 0.011605 KERN HIGH 2004C 0.006809 KHS REFUNDING 96A 0.017224 KCCD SRID 2002A 0.003095 KERN HIGH 1990E 0.003019 KCCD SRID 02A RFD 0.005730 KERN HIGH 2004A 0.007247 KCCD SRID 2002B 0.001292 KERN HIGH 2004B 0.010398 TOTAL 1.121720 * KERN HIGH 2004C 0.006809 KCCD SRID 2002A 0.003095 001-042 BAKERSFIELD INSIDE KCCD SRID 02A RFD 0.005730 SECURED VALUATION GROSS $112,306,057 KCCD SRID 2002B 0.001292 HOMEOWNERS EXEMPTION $1,575,000 TOTAL 1.090270 * NET $110,731,057 UNSECURED VALUATION GROSS $155,634 001-045 BAKERSFIELD INSIDE-FRUITVALE NET $155,634 SECURED VALUATION GROSS $164 GEN LOCAL GOVT 1.000000 NET $164 KCWA ZN 7 DEBT 0.031450 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.009357 KCWA ZN 7 DEBT 0.031450 KCWA ZN 19 DEBT 0.014494 KCWA ZN 17 DEBT 0.009357 BKFLD REFND 89C&D 0.021998 KCWA ZN 19 DEBT 0.014494 BKFLD SCH 93 RFD 0.021957 FRUITV RFD 94A&B 0.030278 BKFLD SCH 2006-A 0.022366 FRUITVALE 94C BD 0.008441 KHS REFUNDING 96A 0.017224 FRTVALE SCHL BOND 0.021369 KERN HIGH 1990E 0.003019 FRTVALE SCHL BOND 0.009408 KERN HIGH 2004A 0.007247 KHS REFUNDING 96A 0.017224 KERN HIGH 2004B 0.010398 KERN HIGH 1990E 0.003019 KERN HIGH 2004C 0.006809 KERN HIGH 2004A 0.007247 KCCD SRID 2002A 0.003095 KERN HIGH 2004B 0.010398 KCCD SRID 02A RFD 0.005730 KERN HIGH 2004C 0.006809 KCCD SRID 2002B 0.001292 KCCD SRID 2002A 0.003095 TOTAL 1.176436 * KCCD SRID 02A RFD 0.005730 KCCD SRID 2002B 0.001292 001-043 BAKERSFIELD INSIDE-LAKESIDE TOTAL 1.179611 * UNSECURED VALUATION GROSS $2,302,258 NET $2,302,258 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 LAKESIDE SCH 08-A 0.018746 KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 KERN HIGH 2004A 0.007247 KERN HIGH 2004B 0.010398 KERN HIGH 2004C 0.006809 KCCD SRID 2002A 0.003095 PAGE 9

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-046 BAKERSFIELD INSIDE-FRUITVALE 001-049 PANAMA - BUENA VISTA SECURED VALUATION GROSS $316,569 KERN HIGH 2004A 0.007247 NET $316,569 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 FRUITV RFD 94A&B 0.030278 TOTAL 1.121720 * FRUITVALE 94C BD 0.008441 FRTVALE SCHL BOND 0.021369 001-051 PANAMA - BUENA VISTA FRTVALE SCHL BOND 0.009408 SECURED VALUATION GROSS $285 KHS REFUNDING 96A 0.017224 NET $285 KERN HIGH 1990E 0.003019 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007247 KCWA ZN 7 DEBT 0.031450 KERN HIGH 2004B 0.010398 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004C 0.006809 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002A 0.003095 PANAMA 2002 REF 0.011605 KCCD SRID 02A RFD 0.005730 KHS REFUNDING 96A 0.017224 KCCD SRID 2002B 0.001292 KERN HIGH 1990E 0.003019 TOTAL 1.179611 * KERN HIGH 2004A 0.007247 KERN HIGH 2004B 0.010398 001-047 BAKERSFIELD INSIDE KERN HIGH 2004C 0.006809 SECURED VALUATION GROSS $77,342,650 KCCD SRID 2002A 0.003095 HOMEOWNERS EXEMPTION $2,100,000 KCCD SRID 02A RFD 0.005730 NET $75,242,650 KCCD SRID 2002B 0.001292 UNSECURED VALUATION GROSS $201,227 TOTAL 1.121720 * NET $201,227 GEN LOCAL GOVT 1.000000 001-052 PANAMA - BUENA VISTA KCWA ZN 7 DEBT 0.031450 SECURED VALUATION GROSS $130,831,508 KCWA ZN 17 DEBT 0.009357 HOMEOWNERS EXEMPTION $1,603,000 KCWA ZN 19 DEBT 0.014494 NET $129,228,508 BKFLD REFND 89C&D 0.021998 UNSECURED VALUATION GROSS $18,859,368 BKFLD SCH 93 RFD 0.021957 NET $18,859,368 BKFLD SCH 2006-A 0.022366 GEN LOCAL GOVT 1.000000 KHS REFUNDING 96A 0.017224 KCWA ZN 7 DEBT 0.031450 KERN HIGH 1990E 0.003019 KCWA ZN 17 DEBT 0.009357 KERN HIGH 2004A 0.007247 KCWA ZN 19 DEBT 0.014494 KERN HIGH 2004B 0.010398 PANAMA 2002 REF 0.011605 KERN HIGH 2004C 0.006809 KHS REFUNDING 96A 0.017224 KCCD SRID 2002A 0.003095 KERN HIGH 1990E 0.003019 KCCD SRID 02A RFD 0.005730 KERN HIGH 2004A 0.007247 KCCD SRID 2002B 0.001292 KERN HIGH 2004B 0.010398 TOTAL 1.176436 * KERN HIGH 2004C 0.006809 KCCD SRID 2002A 0.003095 001-049 PANAMA - BUENA VISTA KCCD SRID 02A RFD 0.005730 SECURED VALUATION GROSS $954,917,626 KCCD SRID 2002B 0.001292 HOMEOWNERS EXEMPTION $13,881,000 TOTAL 1.121720 * NET $941,036,626 UNSECURED VALUATION GROSS $35,217,481 NET $35,217,481 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT 0.009357 KCWA ZN 19 DEBT 0.014494 PANAMA 2002 REF 0.011605 KHS REFUNDING 96A 0.017224 KERN HIGH 1990E 0.003019 PAGE 10

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2010-2011 AREA CODE RATE AREA CODE RATE 001-053 BAKERSFIELD INSIDE-BEARDSLEY 001-055 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $11,562 KERN HIGH 2004A 0.007247 NET $11,562 KERN HIGH 2004B 0.010398 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006809 KCWA ZN 7 DEBT 0.031450 KCCD SRID 2002A 0.003095 KCWA ZN 17 DEBT 0.009357 KCCD SRID 02A RFD 0.005730 KCWA ZN 19 DEBT 0.014494 KCCD SRID 2002B 0.001292 BEARDSLEY 2000A 0.007942 TOTAL 1.167509 * BEARDSLEY 2000B 0.006897 BEARDSLEY 2006A 0.020855 001-057 BAKERSFIELD INSIDE-FRUITVALE BEARDSLEY RF 2007 0.015801 GEN LOCAL GOVT 1.000000 BEARDSLEY 2006B 0.005899 KCWA ZN 7 DEBT 0.031450 KHS REFUNDING 96A 0.017224 KCWA ZN 17 DEBT 0.009357 KERN HIGH 1990E 0.003019 KCWA ZN 19 DEBT 0.014494 KERN HIGH 2004A 0.007247 FRUITV RFD 94A&B 0.030278 KERN HIGH 2004B 0.010398 FRUITVALE 94C BD 0.008441 KERN HIGH 2004C 0.006809 FRTVALE SCHL BOND 0.021369 KCCD SRID 2002A 0.003095 FRTVALE SCHL BOND 0.009408 KCCD SRID 02A RFD 0.005730 KHS REFUNDING 96A 0.017224 KCCD SRID 2002B 0.001292 KERN HIGH 1990E 0.003019 TOTAL 1.167509 * KERN HIGH 2004A 0.007247 KERN HIGH 2004B 0.010398 001-054 BAKERSFIELD INSIDE-BEARDSLEY KERN HIGH 2004C 0.006809 SECURED VALUATION GROSS $144,966 KCCD SRID 2002A 0.003095 HOMEOWNERS EXEMPTION $7,000 KCCD SRID 02A RFD 0.005730 NET $137,966 KCCD SRID 2002B 0.001292 GEN LOCAL GOVT 1.000000 TOTAL 1.179611 * KCWA ZN 7 DEBT 0.031450 KCWA ZN 17 DEBT