Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
Comprehensive Annual Financial Report - City of Santa Monica
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CITY OF SANTA MONICA, CALIFORNIA<br />
Principal Property Taxpayers<br />
Current Fiscal Year and Ten Years Ago<br />
TABLE 8<br />
149<br />
Taxable<br />
2008-09<br />
Percentage<br />
<strong>of</strong> total <strong>City</strong><br />
taxable<br />
Taxable<br />
assessed<br />
assessed<br />
assessed<br />
Taxpayer value Rank value<br />
value Rank<br />
California Colorado Center LLC $ 637,500,000 1 2.71 % $ —<br />
— %<br />
Water Garden Realty Holding LLC 449,059,983 2 1.91 — —<br />
SC Enterprises SMBP LLC 310,080,000 3 1.32 88,745,204 5 0.87<br />
Douglas Emmett Realty Fund 266,103,783 4 1.13 86,855,305 6 0.85<br />
Sisters <strong>of</strong> Charity/St. John's Hospital 228,710,571 5 0.97 142,922,533 3 1.40<br />
CREP 2700 Holdings LLC 222,360,000 6 0.95 — —<br />
Maguire Properties Lantana North 160,398,262 7 0.68 — —<br />
Equity Properties Trust 141,279,382 8 0.60 — —<br />
Ocean Avenue LLC 140,165,769 9 0.60 — —<br />
New <strong>Santa</strong> <strong>Monica</strong> Beach Hotel 135,785,427 8 0.58 — —<br />
Colorado Place Partners — — 188,000,000 1 1.84<br />
Water Garden Company — — 150,610,902 2 1.48<br />
<strong>Santa</strong> <strong>Monica</strong> Place Associates — — 98,036,225 4 0.96<br />
SHCI <strong>Santa</strong> <strong>Monica</strong> Beach Hotel — — 72,179,758 7 0.71<br />
Commerce Way Assoc. Ltd. Partnership — — 53,556,227 8 0.52<br />
Metro Goldwyn Mayer Studios Inc — — 23,750,115 9 0.23<br />
<strong>Santa</strong> <strong>Monica</strong> Shores — — 17,174,236 10 0.17<br />
Total principal property taxpayers<br />
assessed value 2,691,443,177 11.45 921,830,505 9.03<br />
Total <strong>City</strong> assessed value $ 23,488,853,129<br />
100.00 % $ 10,202,640,765<br />
100.00 %<br />
1999-00<br />
Percentage<br />
<strong>of</strong> total <strong>City</strong><br />
taxable<br />
assessed<br />
value<br />
Source: <strong>City</strong> <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> Finance Department (data from Los Angeles County Assessor)
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