COUNTY OF KERN

2011-2012

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

2011-2012

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.............................................. 1-383

Total Assessed Valuation of Kern County................................................ 384-385

Assessed Valuation of Schools & Other Special DistrictsSchool Districts

High Schools.................................................................................... 386-387Unified Schools................................................................................ 387-388Community Colleges........................................................................ 388-391Special Schools............................................................................... 391

Special DistrictsCommunity Service Districts............................................................ 392-393County Service Areas...................................................................... 393-396Flood Control Districts...................................................................... 397Health Care Districts........................................................................ 397Hospital Districts.............................................................................. 397Irrigation Districts............................................................................. 397Pest Control Districts........................................................................397-398Recreation and Park Districts...........................................................398Airport District..............................…………...................................... 398Cemetery Districts............................................................................ 398Resource Conservation Districts...................................................... 399Sanitary District..........................................….................................. 399Sanitation Districts........................................................................... 399Separation of Grade District............................................................. 399Public Transit District....................................................................... 399Municipal Utility District.................................................................... 399Public Utility Districts........................................................................ 400Water Agencies................................................................................400California Water District................................................................... 400County Water Districts..................................................................... 400-401Municipal Water Districts................................................................. 401Water Drainage District.................................................................... 401Water Storage Districts.................................................................... 402

Assessed Valuation of County Operating Funds......................................403

Assessed Valuation of Cities......................................................................404-407

Top Ten Taxpayers...................................................................................... 408-409

(i)

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)

TAX RATE AREAS FOR SCHOOL DISTRICTS

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.

TAX AND ASSESSMENT LEVIES

GENERAL LEVIES General local government rate: All taxable property within the County. SPECIAL DISTRICTS LEVIES Citrus Pest Control District: Service charge by parcel. City Assessments: Service charge by parcel. Community Service District Assessments: Tax rate set by districts and service charge by parcel. County Service Areas: Service charge by parcel. Health Care District Bonds: Tax rate set by County. Irrigation District Bonds and Debt: Service charge by parcel. Municipal Water Districts: Service charge by parcel. Pest Control Districts: Service charge by parcel. Public Utility District Assessments: Service charge by parcel. Recreation and Park Districts: Tax rate set by County. Sanitary and Sanitation Districts: Service charge by parcel. School District Bonds: Tax rate set by County. Water Agency Bonds and Debt: Tax rate set by districts. Water District Bonds and Debt: Tax rate set by districts and service charge by parcel. Water Storage District Bonds and Debt: Service charge by parcel.

(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)

http://www.auditor.kern.com/

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 000-001 CO WIDE UNITARY 001-001 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,880,462,266 TOTAL 1.191102 * NET $1,880,462,266 UNIT/OP NOUNIT-1% 1.000000 001-002 BAKERSFIELD INSIDE-ROSEDALE UNIT/OP NOUNIT DS 0.381963 UNSECURED VALUATION GROSS $81,552 TOTAL 1.381963 * NET $81,552 GEN LOCAL GOVT 1.000000 000-002 CO WIDE UNITARY-RAILROAD KCWA ZN 7 DEBT 0.036269 SECURED VALUATION GROSS $80,997,376 KCWA ZN 17 DEBT 0.014797 NET $80,997,376 KCWA ZN 19 DEBT 0.023717 RAILWAY UT 1% 1.000000 KERN HIGH 1990E 0.003074 RAILWAY UTDS 0.381963 KERN HIGH 2004A 0.007305 TOTAL 1.381963 * KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 000-095 CO WIDE UNITARY-ELECTRIC KERN HIGH RF 2011 0.008647 SECURED VALUATION GROSS $35,574,604 KCCD SRID 2002A 0.003290 NET $35,574,604 KCCD SRID 02A RFD 0.005767 QUAL PUBLIC UT 1% 1.000000 TOTAL 1.120116 * QUAL PUBLIC UTDS 0.381963 TOTAL 1.381963 * 001-003 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,063,172,354 000-500 INTRA COUNTY PIPELINE R/W HOMEOWNERS EXEMPTION $28,287,000 UNSECURED VALUATION GROSS $83,895,398 NET $1,034,885,354 NET $83,895,398 UNSECURED VALUATION GROSS $64,827,865 PIPE LINE R/W 1% 1.000000 NET $64,827,865 PIPE LINE R/W DS 0.381963 GEN LOCAL GOVT 1.000000 TOTAL 1.381963 * KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 000-511 INTER COUNTY PIPELINE R/W KCWA ZN 19 DEBT 0.023717 SECURED VALUATION GROSS $1,837,892 BKFLD REFND 89C&D 0.022466 NET $1,837,892 BKFLD SCH 93 RFD 0.022513 UNSECURED VALUATION GROSS $40,408,687 BKFLD SCH 2006-A 0.026007 NET $40,408,687 KERN HIGH 1990E 0.003074 PIPE LINE R/W 1% 1.000000 KERN HIGH 2004A 0.007305 PIPE LINE R/W DS 0.381963 KERN HIGH 2004B 0.010448 TOTAL 1.381963 * KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 001-001 BAKERSFIELD INSIDE KCCD SRID 2002A 0.003290 SECURED VALUATION GROSS $1,019,559,109 KCCD SRID 02A RFD 0.005767 HOMEOWNERS EXEMPTION $15,393,000 TOTAL 1.191102 * NET $1,004,166,109 UNSECURED VALUATION GROSS $111,381,288 NET $111,381,288 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 BKFLD REFND 89C&D 0.022466 BKFLD SCH 93 RFD 0.022513 BKFLD SCH 2006-A 0.026007 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 KCCD SRID 02A RFD 0.005767 PAGE 1

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-005 BAKERSFIELD INSIDE-GREENFIELD 001-007 PANAMA - BUENA VISTA SECURED VALUATION GROSS $681,695 KERN HIGH 2004A 0.007305 NET $681,695 KERN HIGH 2004B 0.010448 UNSECURED VALUATION GROSS $8,710,697 KERN HIGH 2004C 0.006802 NET $8,710,697 KERN HIGH RF 2011 0.008647 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.003290 KCWA ZN 7 DEBT 0.036269 KCCD SRID 02A RFD 0.005767 KCWA ZN 17 DEBT 0.014797 TOTAL 1.131575 * KCWA ZN 19 DEBT 0.023717 GRNFLD RFND 90-A 0.021021 001-008 BAKERSFIELD INSIDE GRNFLD RFND 90-B 0.016243 SECURED VALUATION GROSS $132,783 GREENFLD BD 90-C 0.006077 HOMEOWNERS EXEMPTION $7,000 GREENFLD 2002A 0.007878 NET $125,783 GREENFLD 2002B 0.007670 GEN LOCAL GOVT 1.000000 GREENFLD 2006A 0.021513 KCWA ZN 7 DEBT 0.036269 KERN HIGH 1990E 0.003074 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004A 0.007305 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004B 0.010448 BKFLD REFND 89C&D 0.022466 KERN HIGH 2004C 0.006802 BKFLD SCH 93 RFD 0.022513 KERN HIGH RF 2011 0.008647 BKFLD SCH 2006-A 0.026007 KCCD SRID 2002A 0.003290 KERN HIGH 1990E 0.003074 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004A 0.007305 TOTAL 1.200518 * KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 001-006 BAKERSFIELD INSIDE KERN HIGH RF 2011 0.008647 SECURED VALUATION GROSS $23,296,500 KCCD SRID 2002A 0.003290 NET $23,296,500 KCCD SRID 02A RFD 0.005767 UNSECURED VALUATION GROSS $1,904,640 TOTAL 1.191102 * NET $1,904,640 GEN LOCAL GOVT 1.000000 001-009 BAKERSFIELD INSIDE KCWA ZN 7 DEBT 0.036269 SECURED VALUATION GROSS $760,524 KCWA ZN 17 DEBT 0.014797 NET $760,524 KCWA ZN 19 DEBT 0.023717 UNSECURED VALUATION GROSS $24,661 BKFLD REFND 89C&D 0.022466 NET $24,661 BKFLD SCH 93 RFD 0.022513 GEN LOCAL GOVT 1.000000 BKFLD SCH 2006-A 0.026007 KCWA ZN 7 DEBT 0.036269 KERN HIGH 1990E 0.003074 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004A 0.007305 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004B 0.010448 BKFLD REFND 89C&D 0.022466 KERN HIGH 2004C 0.006802 BKFLD SCH 93 RFD 0.022513 KERN HIGH RF 2011 0.008647 BKFLD SCH 2006-A 0.026007 KCCD SRID 2002A 0.003290 KERN HIGH 1990E 0.003074 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004A 0.007305 TOTAL 1.191102 * KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 001-007 PANAMA - BUENA VISTA KERN HIGH RF 2011 0.008647 SECURED VALUATION GROSS $1,572,119 KCCD SRID 2002A 0.003290 HOMEOWNERS EXEMPTION $56,000 KCCD SRID 02A RFD 0.005767 NET $1,516,119 TOTAL 1.191102 * UNSECURED VALUATION GROSS $3,220,192 NET $3,220,192 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 PANAMA 2002 REF 0.011459 KERN HIGH 1990E 0.003074 PAGE 2

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-010 BAKERSFIELD INSIDE-GREENFIELD 001-012 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,038,041 KERN HIGH 2004B 0.010448 HOMEOWNERS EXEMPTION $56,000 KERN HIGH 2004C 0.006802 NET $982,041 KERN HIGH RF 2011 0.008647 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.003290 KCWA ZN 17 DEBT 0.014797 KCCD SRID 02A RFD 0.005767 KCWA ZN 19 DEBT 0.023717 TOTAL 1.191102 * GRNFLD RFND 90-A 0.021021 GRNFLD RFND 90-B 0.016243 001-013 BAKERSFIELD INSIDE GREENFLD BD 90-C 0.006077 SECURED VALUATION GROSS $65,271,206 GREENFLD 2002A 0.007878 NET $65,271,206 GREENFLD 2002B 0.007670 UNSECURED VALUATION GROSS $14,183,090 GREENFLD 2006A 0.021513 NET $14,183,090 KERN HIGH 1990E 0.003074 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007305 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004B 0.010448 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004C 0.006802 KCWA ZN 19 DEBT 0.023717 KERN HIGH RF 2011 0.008647 BKFLD REFND 89C&D 0.022466 KCCD SRID 2002A 0.003290 BKFLD SCH 93 RFD 0.022513 KCCD SRID 02A RFD 0.005767 BKFLD SCH 2006-A 0.026007 TOTAL 1.164249 * KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 001-011 BAKERSFIELD INSIDE KERN HIGH 2004B 0.010448 SECURED VALUATION GROSS $1,424,353 KERN HIGH 2004C 0.006802 HOMEOWNERS EXEMPTION $21,000 KERN HIGH RF 2011 0.008647 NET $1,403,353 KCCD SRID 2002A 0.003290 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005767 KCWA ZN 7 DEBT 0.036269 TOTAL 1.191102 * KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 001-014 BAKERSFIELD INSIDE BKFLD REFND 89C&D 0.022466 SECURED VALUATION GROSS $681,695 BKFLD SCH 93 RFD 0.022513 NET $681,695 BKFLD SCH 2006-A 0.026007 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003074 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004A 0.007305 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004B 0.010448 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004C 0.006802 BKFLD REFND 89C&D 0.022466 KERN HIGH RF 2011 0.008647 BKFLD SCH 93 RFD 0.022513 KCCD SRID 2002A 0.003290 BKFLD SCH 2006-A 0.026007 KCCD SRID 02A RFD 0.005767 KERN HIGH 1990E 0.003074 TOTAL 1.191102 * KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 001-012 BAKERSFIELD INSIDE KERN HIGH 2004C 0.006802 SECURED VALUATION GROSS $37,674,063 KERN HIGH RF 2011 0.008647 HOMEOWNERS EXEMPTION $2,016,000 KCCD SRID 2002A 0.003290 NET $35,658,063 KCCD SRID 02A RFD 0.005767 UNSECURED VALUATION GROSS $267,829 TOTAL 1.191102 * NET $267,829 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 BKFLD REFND 89C&D 0.022466 BKFLD SCH 93 RFD 0.022513 BKFLD SCH 2006-A 0.026007 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 PAGE 3

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-015 BAKERSFIELD INSIDE 001-017 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $34,691,605 BEARDSLEY RF 2007 0.015859 HOMEOWNERS EXEMPTION $1,484,000 BEARDSLEY 2006B 0.007529 NET $33,207,605 KERN HIGH 1990E 0.003074 UNSECURED VALUATION GROSS $275,111 KERN HIGH 2004A 0.007305 NET $275,111 KERN HIGH 2004B 0.010448 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.006802 KCWA ZN 7 DEBT 0.036269 KERN HIGH RF 2011 0.008647 KCWA ZN 17 DEBT 0.014797 KCCD SRID 2002A 0.003290 KCWA ZN 19 DEBT 0.023717 KCCD SRID 02A RFD 0.005767 BKFLD REFND 89C&D 0.022466 TOTAL 1.179990 * BKFLD SCH 93 RFD 0.022513 BKFLD SCH 2006-A 0.026007 001-018 BAKERSFIELD INSIDE-GREENFIELD KERN HIGH 1990E 0.003074 SECURED VALUATION GROSS $542,858,057 KERN HIGH 2004A 0.007305 HOMEOWNERS EXEMPTION $9,980,762 KERN HIGH 2004B 0.010448 NET $532,877,295 KERN HIGH 2004C 0.006802 UNSECURED VALUATION GROSS $32,741,866 KERN HIGH RF 2011 0.008647 NET $32,741,866 KCCD SRID 2002A 0.003290 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005767 KCWA ZN 7 DEBT 0.036269 TOTAL 1.191102 * KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 001-016 BAKERSFIELD INSIDE GRNFLD RFND 90-A 0.021021 SECURED VALUATION GROSS $11,989,657 GRNFLD RFND 90-B 0.016243 HOMEOWNERS EXEMPTION $147,000 GREENFLD BD 90-C 0.006077 NET $11,842,657 GREENFLD 2002A 0.007878 UNSECURED VALUATION GROSS $31,635 GREENFLD 2002B 0.007670 NET $31,635 GREENFLD 2006A 0.021513 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003074 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004A 0.007305 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004B 0.010448 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004C 0.006802 BKFLD REFND 89C&D 0.022466 KERN HIGH RF 2011 0.008647 BKFLD SCH 93 RFD 0.022513 KCCD SRID 2002A 0.003290 BKFLD SCH 2006-A 0.026007 KCCD SRID 02A RFD 0.005767 KERN HIGH 1990E 0.003074 TOTAL 1.200518 * KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 KCCD SRID 02A RFD 0.005767 TOTAL 1.191102 * 001-017 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $101,096,870 HOMEOWNERS EXEMPTION $7,000 NET $101,089,870 UNSECURED VALUATION GROSS $18,958,055 NET $18,958,055 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 BEARDSLEY 2000A 0.008103 BEARDSLEY 2000B 0.007136 BEARDSLEY 2006A 0.021247 PAGE 4

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-019 BAKERSFIELD INSIDE-BEARDSLEY 001-021 BAKERSFIELD INSIDE SECURED VALUATION GROSS $37,722,735 KERN HIGH RF 2011 0.008647 NET $37,722,735 KCCD SRID 2002A 0.003290 UNSECURED VALUATION GROSS $19,145 KCCD SRID 02A RFD 0.005767 NET $19,145 TOTAL 1.191102 * GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 001-022 BAKERSFIELD INSIDE-GREENFIELD KCWA ZN 17 DEBT 0.014797 SECURED VALUATION GROSS $15,412,852 KCWA ZN 19 DEBT 0.023717 HOMEOWNERS EXEMPTION $798,000 BEARDSLEY 2000A 0.008103 NET $14,614,852 BEARDSLEY 2000B 0.007136 UNSECURED VALUATION GROSS $96,953 BEARDSLEY 2006A 0.021247 NET $96,953 BEARDSLEY RF 2007 0.015859 GEN LOCAL GOVT 1.000000 BEARDSLEY 2006B 0.007529 KCWA ZN 7 DEBT 0.036269 KERN HIGH 1990E 0.003074 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004A 0.007305 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004B 0.010448 GRNFLD RFND 90-A 0.021021 KERN HIGH 2004C 0.006802 GRNFLD RFND 90-B 0.016243 KERN HIGH RF 2011 0.008647 GREENFLD BD 90-C 0.006077 KCCD SRID 2002A 0.003290 GREENFLD 2002A 0.007878 KCCD SRID 02A RFD 0.005767 GREENFLD 2002B 0.007670 TOTAL 1.179990 * GREENFLD 2006A 0.021513 KERN HIGH 1990E 0.003074 001-020 BAKERSFIELD INSIDE KERN HIGH 2004A 0.007305 SECURED VALUATION GROSS $8,139,215 KERN HIGH 2004B 0.010448 HOMEOWNERS EXEMPTION $399,000 KERN HIGH 2004C 0.006802 NET $7,740,215 KERN HIGH RF 2011 0.008647 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.003290 KCWA ZN 7 DEBT 0.036269 KCCD SRID 02A RFD 0.005767 KCWA ZN 17 DEBT 0.014797 TOTAL 1.200518 * KCWA ZN 19 DEBT 0.023717 BKFLD REFND 89C&D 0.022466 001-024 PANAMA - BUENA VISTA BKFLD SCH 93 RFD 0.022513 SECURED VALUATION GROSS $15,433,133 BKFLD SCH 2006-A 0.026007 HOMEOWNERS EXEMPTION $518,000 KERN HIGH 1990E 0.003074 NET $14,915,133 KERN HIGH 2004A 0.007305 UNSECURED VALUATION GROSS $367,024 KERN HIGH 2004B 0.010448 NET $367,024 KERN HIGH 2004C 0.006802 GEN LOCAL GOVT 1.000000 KERN HIGH RF 2011 0.008647 KCWA ZN 7 DEBT 0.036269 KCCD SRID 2002A 0.003290 KCWA ZN 17 DEBT 0.014797 KCCD SRID 02A RFD 0.005767 KCWA ZN 19 DEBT 0.023717 TOTAL 1.191102 * PANAMA 2002 REF 0.011459 KERN HIGH 1990E 0.003074 001-021 BAKERSFIELD INSIDE KERN HIGH 2004A 0.007305 SECURED VALUATION GROSS $7,164 KERN HIGH 2004B 0.010448 NET $7,164 KERN HIGH 2004C 0.006802 GEN LOCAL GOVT 1.000000 KERN HIGH RF 2011 0.008647 KCWA ZN 7 DEBT 0.036269 KCCD SRID 2002A 0.003290 KCWA ZN 17 DEBT 0.014797 KCCD SRID 02A RFD 0.005767 KCWA ZN 19 DEBT 0.023717 TOTAL 1.131575 * BKFLD REFND 89C&D 0.022466 BKFLD SCH 93 RFD 0.022513 BKFLD SCH 2006-A 0.026007 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 PAGE 5

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-025 PANAMA - BUENA VISTA 001-027 BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $948,089,601 KCCD SRID 02A RFD 0.005767 HOMEOWNERS EXEMPTION $15,603,000 TOTAL 1.200518 * NET $932,486,601 UNSECURED VALUATION GROSS $68,121,657 001-028 BAKERSFIELD INSIDE NET $68,121,657 SECURED VALUATION GROSS $221,142,005 GEN LOCAL GOVT 1.000000 HOMEOWNERS EXEMPTION $1,974,000 KCWA ZN 7 DEBT 0.036269 NET $219,168,005 KCWA ZN 17 DEBT 0.014797 UNSECURED VALUATION GROSS $35,421,649 KCWA ZN 19 DEBT 0.023717 NET $35,421,649 PANAMA 2002 REF 0.011459 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003074 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004A 0.007305 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004B 0.010448 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004C 0.006802 BKFLD REFND 89C&D 0.022466 KERN HIGH RF 2011 0.008647 BKFLD SCH 93 RFD 0.022513 KCCD SRID 2002A 0.003290 BKFLD SCH 2006-A 0.026007 KCCD SRID 02A RFD 0.005767 KERN HIGH 1990E 0.003074 TOTAL 1.131575 * KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 001-026 BAKERSFIELD INSIDE KERN HIGH 2004C 0.006802 SECURED VALUATION GROSS $193,218 KERN HIGH RF 2011 0.008647 HOMEOWNERS EXEMPTION $14,000 KCCD SRID 2002A 0.003290 NET $179,218 KCCD SRID 02A RFD 0.005767 GEN LOCAL GOVT 1.000000 TOTAL 1.191102 * KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 001-029 BAKERSFIELD INSIDE-FRUITVALE KCWA ZN 19 DEBT 0.023717 SECURED VALUATION GROSS $20,882,679 BKFLD REFND 89C&D 0.022466 NET $20,882,679 BKFLD SCH 93 RFD 0.022513 UNSECURED VALUATION GROSS $5,972,585 BKFLD SCH 2006-A 0.026007 NET $5,972,585 KERN HIGH 1990E 0.003074 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.007305 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004B 0.010448 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004C 0.006802 KCWA ZN 19 DEBT 0.023717 KERN HIGH RF 2011 0.008647 FRUITV RFD 94A&B 0.032926 KCCD SRID 2002A 0.003290 FRUITVALE 94C BD 0.009136 KCCD SRID 02A RFD 0.005767 FRTVALE SCHL BOND 0.022198 TOTAL 1.191102 * FRTVALE SCHL BOND 0.011635 KERN HIGH 1990E 0.003074 001-027 BAKERSFIELD INSIDE-GREENFIELD KERN HIGH 2004A 0.007305 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.010448 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004C 0.006802 KCWA ZN 17 DEBT 0.014797 KERN HIGH RF 2011 0.008647 KCWA ZN 19 DEBT 0.023717 KCCD SRID 2002A 0.003290 GRNFLD RFND 90-A 0.021021 KCCD SRID 02A RFD 0.005767 GRNFLD RFND 90-B 0.016243 TOTAL 1.196011 * GREENFLD BD 90-C 0.006077 GREENFLD 2002A 0.007878 GREENFLD 2002B 0.007670 GREENFLD 2006A 0.021513 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 PAGE 6

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-030 BAKERSFIELD INSIDE 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $5,713,556 KERN HIGH 2004A 0.007305 HOMEOWNERS EXEMPTION $21,000 KERN HIGH 2004B 0.010448 NET $5,692,556 KERN HIGH 2004C 0.006802 UNSECURED VALUATION GROSS $4,972,464 KERN HIGH RF 2011 0.008647 NET $4,972,464 KCCD SRID 2002A 0.003290 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005767 KCWA ZN 7 DEBT 0.036269 TOTAL 1.191102 * KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 001-033 PANAMA - BUENA VISTA BKFLD REFND 89C&D 0.022466 SECURED VALUATION GROSS $124,000 BKFLD SCH 93 RFD 0.022513 NET $124,000 BKFLD SCH 2006-A 0.026007 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.003074 KCWA ZN 7 DEBT 0.036269 KERN HIGH 2004A 0.007305 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004B 0.010448 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004C 0.006802 PANAMA 2002 REF 0.011459 KERN HIGH RF 2011 0.008647 KERN HIGH 1990E 0.003074 KCCD SRID 2002A 0.003290 KERN HIGH 2004A 0.007305 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004B 0.010448 TOTAL 1.191102 * KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 001-031 BAKERSFIELD INSIDE KCCD SRID 2002A 0.003290 SECURED VALUATION GROSS $18,982,476 KCCD SRID 02A RFD 0.005767 HOMEOWNERS EXEMPTION $308,000 TOTAL 1.131575 * NET $18,674,476 UNSECURED VALUATION GROSS $12,200 001-034 BAKERSFIELD INSIDE NET $12,200 SECURED VALUATION GROSS $426,241 GEN LOCAL GOVT 1.000000 NET $426,241 KCWA ZN 7 DEBT 0.036269 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.014797 BKFLD REFND 89C&D 0.022466 KCWA ZN 19 DEBT 0.023717 BKFLD SCH 93 RFD 0.022513 BKFLD REFND 89C&D 0.022466 BKFLD SCH 2006-A 0.026007 BKFLD SCH 93 RFD 0.022513 KERN HIGH 1990E 0.003074 BKFLD SCH 2006-A 0.026007 KERN HIGH 2004A 0.007305 KERN HIGH 1990E 0.003074 KERN HIGH 2004B 0.010448 KERN HIGH 2004A 0.007305 KERN HIGH 2004C 0.006802 KERN HIGH 2004B 0.010448 KERN HIGH RF 2011 0.008647 KERN HIGH 2004C 0.006802 KCCD SRID 2002A 0.003290 KERN HIGH RF 2011 0.008647 KCCD SRID 02A RFD 0.005767 KCCD SRID 2002A 0.003290 TOTAL 1.116319 * KCCD SRID 02A RFD 0.005767 TOTAL 1.191102 * 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $182,960 NET $182,960 UNSECURED VALUATION GROSS $9,917 NET $9,917 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 BKFLD REFND 89C&D 0.022466 BKFLD SCH 93 RFD 0.022513 BKFLD SCH 2006-A 0.026007 KERN HIGH 1990E 0.003074 PAGE 7

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-035 PANAMA - BUENA VISTA 001-038 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $84,588,435 KERN HIGH 2004C 0.006802 NET $84,588,435 KERN HIGH RF 2011 0.008647 UNSECURED VALUATION GROSS $13,408,247 KCCD SRID 2002A 0.003290 NET $13,408,247 KCCD SRID 02A RFD 0.005767 GEN LOCAL GOVT 1.000000 TOTAL 1.196011 * KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 001-039 BAKERSFIELD INSIDE KCWA ZN 19 DEBT 0.023717 SECURED VALUATION GROSS $2,607,952 PANAMA 2002 REF 0.011459 HOMEOWNERS EXEMPTION $35,000 KERN HIGH 1990E 0.003074 NET $2,572,952 KERN HIGH 2004A 0.007305 UNSECURED VALUATION GROSS $316,576 KERN HIGH 2004B 0.010448 NET $316,576 KERN HIGH 2004C 0.006802 GEN LOCAL GOVT 1.000000 KERN HIGH RF 2011 0.008647 KCWA ZN 7 DEBT 0.036269 KCCD SRID 2002A 0.003290 KCWA ZN 17 DEBT 0.014797 KCCD SRID 02A RFD 0.005767 KCWA ZN 19 DEBT 0.023717 TOTAL 1.131575 * BKFLD REFND 89C&D 0.022466 BKFLD SCH 93 RFD 0.022513 001-037 BAKERSFIELD INSIDE-FRUITVALE BKFLD SCH 2006-A 0.026007 SECURED VALUATION GROSS $56,023,755 KERN HIGH 1990E 0.003074 NET $56,023,755 KERN HIGH 2004A 0.007305 UNSECURED VALUATION GROSS $11,790,354 KERN HIGH 2004B 0.010448 NET $11,790,354 KERN HIGH 2004C 0.006802 GEN LOCAL GOVT 1.000000 KERN HIGH RF 2011 0.008647 KCWA ZN 7 DEBT 0.036269 KCCD SRID 2002A 0.003290 KCWA ZN 17 DEBT 0.014797 KCCD SRID 02A RFD 0.005767 KCWA ZN 19 DEBT 0.023717 TOTAL 1.191102 * FRUITV RFD 94A&B 0.032926 FRUITVALE 94C BD 0.009136 001-040 BAKERSFIELD INSIDE FRTVALE SCHL BOND 0.022198 GEN LOCAL GOVT 1.000000 FRTVALE SCHL BOND 0.011635 KCWA ZN 7 DEBT 0.036269 KERN HIGH 1990E 0.003074 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004A 0.007305 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004B 0.010448 BKFLD REFND 89C&D 0.022466 KERN HIGH 2004C 0.006802 BKFLD SCH 93 RFD 0.022513 KERN HIGH RF 2011 0.008647 BKFLD SCH 2006-A 0.026007 KCCD SRID 2002A 0.003290 KERN HIGH 1990E 0.003074 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004A 0.007305 TOTAL 1.196011 * KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 001-038 BAKERSFIELD INSIDE-FRUITVALE KERN HIGH RF 2011 0.008647 SECURED VALUATION GROSS $28,159,372 KCCD SRID 2002A 0.003290 NET $28,159,372 KCCD SRID 02A RFD 0.005767 UNSECURED VALUATION GROSS $1,293,352 TOTAL 1.191102 * NET $1,293,352 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 FRUITV RFD 94A&B 0.032926 FRUITVALE 94C BD 0.009136 FRTVALE SCHL BOND 0.022198 FRTVALE SCHL BOND 0.011635 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 PAGE 8

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-041 BAKERSFIELD INSIDE-PANAMA SECURED VALUATION GROSS $145,561,559 001-044 PANAMA - BUENA VISTA HOMEOWNERS EXEMPTION $3,717,000 SECURED VALUATION GROSS $37,776,171 NET $141,844,559 HOMEOWNERS EXEMPTION $1,484,000 UNSECURED VALUATION GROSS $342,748 NET $36,292,171 NET $342,748 UNSECURED VALUATION GROSS $873,831 GEN LOCAL GOVT 1.000000 NET $873,831 KCWA ZN 7 DEBT 0.036269 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.014797 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 KCWA ZN 19 DEBT 0.023717 PANAMA 2002 REF 0.011459 PANAMA 2002 REF 0.011459 KERN HIGH 1990E 0.003074 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 KCCD SRID 2002A 0.003290 KCCD SRID 02A RFD 0.005767 KCCD SRID 02A RFD 0.005767 TOTAL 1.131575 * TOTAL 1.095306 * 001-042 BAKERSFIELD INSIDE 001-045 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $105,800,407 SECURED VALUATION GROSS $165 HOMEOWNERS EXEMPTION $1,519,000 NET $165 NET $104,281,407 GEN LOCAL GOVT 1.000000 UNSECURED VALUATION GROSS $149,524 KCWA ZN 7 DEBT 0.036269 NET $149,524 KCWA ZN 17 DEBT 0.014797 GEN LOCAL GOVT 1.000000 KCWA ZN 19 DEBT 0.023717 KCWA ZN 7 DEBT 0.036269 FRUITV RFD 94A&B 0.032926 KCWA ZN 17 DEBT 0.014797 FRUITVALE 94C BD 0.009136 KCWA ZN 19 DEBT 0.023717 FRTVALE SCHL BOND 0.022198 BKFLD REFND 89C&D 0.022466 FRTVALE SCHL BOND 0.011635 BKFLD SCH 93 RFD 0.022513 KERN HIGH 1990E 0.003074 BKFLD SCH 2006-A 0.026007 KERN HIGH 2004A 0.007305 KERN HIGH 1990E 0.003074 KERN HIGH 2004B 0.010448 KERN HIGH 2004A 0.007305 KERN HIGH 2004C 0.006802 KERN HIGH 2004B 0.010448 KERN HIGH RF 2011 0.008647 KERN HIGH 2004C 0.006802 KCCD SRID 2002A 0.003290 KERN HIGH RF 2011 0.008647 KCCD SRID 02A RFD 0.005767 KCCD SRID 2002A 0.003290 TOTAL 1.196011 * KCCD SRID 02A RFD 0.005767 TOTAL 1.191102 * 001-043 BAKERSFIELD INSIDE-LAKESIDE UNSECURED VALUATION GROSS $1,676,108 NET $1,676,108 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 LAKESIDE SCH 08-A 0.022404 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 KCCD SRID 02A RFD 0.005767 TOTAL 1.106251 * PAGE 9

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-046 BAKERSFIELD INSIDE-FRUITVALE 001-049 PANAMA - BUENA VISTA SECURED VALUATION GROSS $318,952 KERN HIGH RF 2011 0.008647 NET $318,952 KCCD SRID 2002A 0.003290 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005767 KCWA ZN 7 DEBT 0.036269 TOTAL 1.131575 * KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 001-051 PANAMA - BUENA VISTA FRUITV RFD 94A&B 0.032926 SECURED VALUATION GROSS $287 FRUITVALE 94C BD 0.009136 NET $287 FRTVALE SCHL BOND 0.022198 GEN LOCAL GOVT 1.000000 FRTVALE SCHL BOND 0.011635 KCWA ZN 7 DEBT 0.036269 KERN HIGH 1990E 0.003074 KCWA ZN 17 DEBT 0.014797 KERN HIGH 2004A 0.007305 KCWA ZN 19 DEBT 0.023717 KERN HIGH 2004B 0.010448 PANAMA 2002 REF 0.011459 KERN HIGH 2004C 0.006802 KERN HIGH 1990E 0.003074 KERN HIGH RF 2011 0.008647 KERN HIGH 2004A 0.007305 KCCD SRID 2002A 0.003290 KERN HIGH 2004B 0.010448 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004C 0.006802 TOTAL 1.196011 * KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 001-047 BAKERSFIELD INSIDE KCCD SRID 02A RFD 0.005767 SECURED VALUATION GROSS $75,482,705 TOTAL 1.131575 * HOMEOWNERS EXEMPTION $2,100,000 NET $73,382,705 001-052 PANAMA - BUENA VISTA UNSECURED VALUATION GROSS $166,210 SECURED VALUATION GROSS $122,434,581 NET $166,210 HOMEOWNERS EXEMPTION $1,652,000 GEN LOCAL GOVT 1.000000 NET $120,782,581 KCWA ZN 7 DEBT 0.036269 UNSECURED VALUATION GROSS $23,130,158 KCWA ZN 17 DEBT 0.014797 NET $23,130,158 KCWA ZN 19 DEBT 0.023717 GEN LOCAL GOVT 1.000000 BKFLD REFND 89C&D 0.022466 KCWA ZN 7 DEBT 0.036269 BKFLD SCH 93 RFD 0.022513 KCWA ZN 17 DEBT 0.014797 BKFLD SCH 2006-A 0.026007 KCWA ZN 19 DEBT 0.023717 KERN HIGH 1990E 0.003074 PANAMA 2002 REF 0.011459 KERN HIGH 2004A 0.007305 KERN HIGH 1990E 0.003074 KERN HIGH 2004B 0.010448 KERN HIGH 2004A 0.007305 KERN HIGH 2004C 0.006802 KERN HIGH 2004B 0.010448 KERN HIGH RF 2011 0.008647 KERN HIGH 2004C 0.006802 KCCD SRID 2002A 0.003290 KERN HIGH RF 2011 0.008647 KCCD SRID 02A RFD 0.005767 KCCD SRID 2002A 0.003290 TOTAL 1.191102 * KCCD SRID 02A RFD 0.005767 TOTAL 1.131575 * 001-049 PANAMA - BUENA VISTA SECURED VALUATION GROSS $915,734,512 HOMEOWNERS EXEMPTION $13,706,000 NET $902,028,512 UNSECURED VALUATION GROSS $36,546,607 NET $36,546,607 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 PANAMA 2002 REF 0.011459 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 PAGE 10

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-053 BAKERSFIELD INSIDE-BEARDSLEY 001-055 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $5,886 KERN HIGH RF 2011 0.008647 NET $5,886 KCCD SRID 2002A 0.003290 GEN LOCAL GOVT 1.000000 KCCD SRID 02A RFD 0.005767 KCWA ZN 7 DEBT 0.036269 TOTAL 1.179990 * KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 001-057 BAKERSFIELD INSIDE-FRUITVALE BEARDSLEY 2000A 0.008103 GEN LOCAL GOVT 1.000000 BEARDSLEY 2000B 0.007136 KCWA ZN 7 DEBT 0.036269 BEARDSLEY 2006A 0.021247 KCWA ZN 17 DEBT 0.014797 BEARDSLEY RF 2007 0.015859 KCWA ZN 19 DEBT 0.023717 BEARDSLEY 2006B 0.007529 FRUITV RFD 94A&B 0.032926 KERN HIGH 1990E 0.003074 FRUITVALE 94C BD 0.009136 KERN HIGH 2004A 0.007305 FRTVALE SCHL BOND 0.022198 KERN HIGH 2004B 0.010448 FRTVALE SCHL BOND 0.011635 KERN HIGH 2004C 0.006802 KERN HIGH 1990E 0.003074 KERN HIGH RF 2011 0.008647 KERN HIGH 2004A 0.007305 KCCD SRID 2002A 0.003290 KERN HIGH 2004B 0.010448 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004C 0.006802 TOTAL 1.179990 * KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 001-054 BAKERSFIELD INSIDE-BEARDSLEY KCCD SRID 02A RFD 0.005767 SECURED VALUATION GROSS $140,799 TOTAL 1.196011 * HOMEOWNERS EXEMPTION $7,000 NET $133,799 001-058 BAKERSFIELD INSIDE-FRUITVALE GEN LOCAL GOVT 1.000000 SECURED VALUATION GROSS $52,982,411 KCWA ZN 7 DEBT 0.036269 NET $52,982,411 KCWA ZN 17 DEBT 0.014797 UNSECURED VALUATION GROSS $5,289,601 KCWA ZN 19 DEBT 0.023717 NET $5,289,601 BEARDSLEY 2000A 0.008103 GEN LOCAL GOVT 1.000000 BEARDSLEY 2000B 0.007136 KCWA ZN 7 DEBT 0.036269 BEARDSLEY 2006A 0.021247 KCWA ZN 17 DEBT 0.014797 BEARDSLEY RF 2007 0.015859 KCWA ZN 19 DEBT 0.023717 BEARDSLEY 2006B 0.007529 FRUITV RFD 94A&B 0.032926 KERN HIGH 1990E 0.003074 FRUITVALE 94C BD 0.009136 KERN HIGH 2004A 0.007305 FRTVALE SCHL BOND 0.022198 KERN HIGH 2004B 0.010448 FRTVALE SCHL BOND 0.011635 KERN HIGH 2004C 0.006802 KERN HIGH 1990E 0.003074 KERN HIGH RF 2011 0.008647 KERN HIGH 2004A 0.007305 KCCD SRID 2002A 0.003290 KERN HIGH 2004B 0.010448 KCCD SRID 02A RFD 0.005767 KERN HIGH 2004C 0.006802 TOTAL 1.179990 * KERN HIGH RF 2011 0.008647 KCCD SRID 2002A 0.003290 001-055 BAKERSFIELD INSIDE-BEARDSLEY KCCD SRID 02A RFD 0.005767 GEN LOCAL GOVT 1.000000 TOTAL 1.196011 * KCWA ZN 7 DEBT 0.036269 KCWA ZN 17 DEBT 0.014797 KCWA ZN 19 DEBT 0.023717 BEARDSLEY 2000A 0.008103 BEARDSLEY 2000B 0.007136 BEARDSLEY 2006A 0.021247 BEARDSLEY RF 2007 0.015859 BEARDSLEY 2006B 0.007529 KERN HIGH 1990E 0.003074 KERN HIGH 2004A 0.007305 KERN HIGH 2004B 0.010448 KERN HIGH 2004C 0.006802 PAGE 11

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2011-2012 AREA CODE RATE AREA CODE RATE 001-059 PANAMA - BUENA VISTA 001-062 BAKERSFIELD INSIDE-ROSEDALE SECURED VALUAT