COUNTY OF KERN

2007-2008

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

2007-2008

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............................ 1-379

Total Assessed Valuation of Kern County................................................ 380-381

Assessed Valuation of Schools & Other Special DistrictsSchool Districts

High Schools.................................................................................... 382-383Unified Schools.................................................................................383-384Community Colleges........................................................................ 384-386Special Schools................................................................................ 386

Special DistrictsCommunity Service Districts.............................................................387-388County Service Areas....................................................................... 388-391Fire Districts......................................................................................392Flood Control Districts...................................................................... 392Health Care Districts.........................................................................392Hospital Districts............................................................................... 392Irrigation Districts.............................................................................. 392Pest Control District.......................................................................... 392-393Recreation and Park Districts........................................................... 393Airport District..............................………….......................................393Cemetery Districts............................................................................ 393Resource Conservation Districts...................................................... 394Sanitary District..........................................…................................... 394Sanitation Districts............................................................................ 394Separation of Grade District............................................................. 394Public Transit District........................................................................ 394Municipal Utility District.....................................................................394Public Utility Districts........................................................................ 395Water Agencies................................................................................ 395California Water District.................................................................... 395County Water Districts...................................................................... 395-396Municipal Water District.................................................................... 396Water Drainage District.................................................................... 396Water Storage Districts.....................................................................397

Assessed Valuation of County Operating Funds..................................... 398

Assessed Valuation of Cities......................................................................399-402

Top Ten Taxpayers.................................................................................... 403-404

(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. (There are no negative levies in fiscal year 2005-2006.)

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 2007-2008 AREA CODE RATE AREA CODE RATE 000-001 CO WIDE UNITARY 001-002 BAKERSFIELD INSIDE-ROSEDALE SECURED VALUATION GROSS $1,601,891,388 GEN LOCAL GOVT 1.000000 NET $1,601,891,388 KCWA ZN 7 DEBT 0.029191 UNIT/OP NOUNIT-1% 1.000000 KCWA ZN 17 DEBT 0.010017 UNIT/OP NOUNIT DS 0.286382 KCWA ZN 19 DEBT 0.014193 TOTAL 1.286382 * ROSEDALE 88E REF 0.001249 KHS REFUNDING 96A 0.013227 000-002 CO WIDE UNITARY KERN HIGH 1990E 0.002543 SECURED VALUATION GROSS $35,168,902 KERN HIGH 2004A 0.005570 NET $35,168,902 KERN HIGH 2004B 0.007301 UNIT/OP NOUNIT-1% 1.000000 KERN HIGH 2004C 0.009583 UNIT/OP NOUNIT DS 0.286382 KCCD SRID 2002A 0.005992 TOTAL 1.286382 * KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 000-500 INTRA COUNTY PIPELINE R/W TOTAL 1.100910 * UNSECURED VALUATION GROSS $85,060,553 NET ASSESSED VALUE MINUS MINERAL NET $85,060,553 KCWA IMP #4 DEBT -0.000094 PIPE LINE R/W 1% 1.000000 TOTAL -0.000094 * PIPE LINE R/W DS 0.286382 TOTAL 1.286382 * 001-003 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,328,306,508 000-511 INTER COUNTY PIPELINE R/W HOMEOWNERS EXEMPTION $29,295,000 SECURED VALUATION GROSS $1,173,990 NET $1,299,011,508 NET $1,173,990 UNSECURED VALUATION GROSS $60,867,716 UNSECURED VALUATION GROSS $40,022,438 NET $60,867,716 NET $40,022,438 GEN LOCAL GOVT 1.000000 PIPE LINE R/W 1% 1.000000 KCWA ZN 7 DEBT 0.029191 PIPE LINE R/W DS 0.286382 KCWA ZN 17 DEBT 0.010017 TOTAL 1.286382 * KCWA ZN 19 DEBT 0.014193 BKFLD REFND 89C&D 0.017229 001-001 BAKERSFIELD INSIDE BKFLD SCH 93 RFD 0.016790 SECURED VALUATION GROSS $1,211,195,358 BKFLD SCH 2006-A 0.023710 HOMEOWNERS EXEMPTION $15,617,000 KHS REFUNDING 96A 0.013227 NET $1,195,578,358 KERN HIGH 1990E 0.002543 UNSECURED VALUATION GROSS $77,881,954 KERN HIGH 2004A 0.005570 NET $77,881,954 KERN HIGH 2004B 0.007301 GEN LOCAL GOVT 1.000000 KERN HIGH 2004C 0.009583 KCWA ZN 7 DEBT 0.029191 KCCD SRID 2002A 0.005992 KCWA ZN 17 DEBT 0.010017 KCCD SRID 02A RFD 0.001915 KCWA ZN 19 DEBT 0.014193 KCCD SRID 2002B 0.000129 BKFLD REFND 89C&D 0.017229 TOTAL 1.157390 * BKFLD SCH 93 RFD 0.016790 NET ASSESSED VALUE MINUS MINERAL BKFLD SCH 2006-A 0.023710 KCWA IMP #4 DEBT -0.000094 KHS REFUNDING 96A 0.013227 TOTAL -0.000094 * KERN HIGH 1990E 0.002543 KERN HIGH 2004A 0.005570 KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.157390 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * PAGE 1

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-005 BAKERSFIELD INSIDE-GREENFIELD 001-007 PANAMA - BUENA VISTA SECURED VALUATION GROSS $498,746 GEN LOCAL GOVT 1.000000 NET $498,746 KCWA ZN 7 DEBT 0.029191 UNSECURED VALUATION GROSS $12,299 KCWA ZN 17 DEBT 0.010017 NET $12,299 KCWA ZN 19 DEBT 0.014193 GEN LOCAL GOVT 1.000000 PANAMA SCH BD87-B 0.010065 KCWA ZN 7 DEBT 0.029191 PANAMA 2002 REF 0.008988 KCWA ZN 17 DEBT 0.010017 KHS REFUNDING 96A 0.013227 KCWA ZN 19 DEBT 0.014193 KERN HIGH 1990E 0.002543 GRNFLD RFND 90-A 0.014428 KERN HIGH 2004A 0.005570 GRNFLD RFND 90-B 0.011026 KERN HIGH 2004B 0.007301 GREENFLD BD 90-C 0.004059 KERN HIGH 2004C 0.009583 GREENFLD 2002A 0.005482 KCCD SRID 2002A 0.005992 GREENFLD 2002B 0.005100 KCCD SRID 02A RFD 0.001915 GREENFLD 2006A 0.013897 KCCD SRID 2002B 0.000129 KHS REFUNDING 96A 0.013227 TOTAL 1.118714 * KERN HIGH 1990E 0.002543 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004A 0.005570 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004B 0.007301 TOTAL -0.000094 * KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 001-008 BAKERSFIELD INSIDE KCCD SRID 02A RFD 0.001915 SECURED VALUATION GROSS $163,577 KCCD SRID 2002B 0.000129 HOMEOWNERS EXEMPTION $7,000 TOTAL 1.153653 * NET $156,577 NET ASSESSED VALUE MINUS MINERAL GEN LOCAL GOVT 1.000000 KCWA IMP #4 DEBT -0.000094 KCWA ZN 7 DEBT 0.029191 TOTAL -0.000094 * KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 001-006 BAKERSFIELD INSIDE BKFLD REFND 89C&D 0.017229 SECURED VALUATION GROSS $23,296,500 BKFLD SCH 93 RFD 0.016790 NET $23,296,500 BKFLD SCH 2006-A 0.023710 UNSECURED VALUATION GROSS $1,904,640 KHS REFUNDING 96A 0.013227 NET $1,904,640 KERN HIGH 1990E 0.002543 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.005570 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004B 0.007301 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004C 0.009583 KCWA ZN 19 DEBT 0.014193 KCCD SRID 2002A 0.005992 BKFLD REFND 89C&D 0.017229 KCCD SRID 02A RFD 0.001915 BKFLD SCH 93 RFD 0.016790 KCCD SRID 2002B 0.000129 BKFLD SCH 2006-A 0.023710 TOTAL 1.157390 * KHS REFUNDING 96A 0.013227 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 1990E 0.002543 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004A 0.005570 TOTAL -0.000094 * KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.157390 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-007 PANAMA - BUENA VISTA SECURED VALUATION GROSS $3,659,744 HOMEOWNERS EXEMPTION $49,000 NET $3,610,744 PAGE 2

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-009 BAKERSFIELD INSIDE 001-011 BAKERSFIELD INSIDE SECURED VALUATION GROSS $760,524 BKFLD SCH 93 RFD 0.016790 NET $760,524 BKFLD SCH 2006-A 0.023710 UNSECURED VALUATION GROSS $24,661 KHS REFUNDING 96A 0.013227 NET $24,661 KERN HIGH 1990E 0.002543 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.005570 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004B 0.007301 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004C 0.009583 KCWA ZN 19 DEBT 0.014193 KCCD SRID 2002A 0.005992 BKFLD REFND 89C&D 0.017229 KCCD SRID 02A RFD 0.001915 BKFLD SCH 93 RFD 0.016790 KCCD SRID 2002B 0.000129 BKFLD SCH 2006-A 0.023710 TOTAL 1.157390 * KHS REFUNDING 96A 0.013227 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 1990E 0.002543 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004A 0.005570 TOTAL -0.000094 * KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 001-012 BAKERSFIELD INSIDE KCCD SRID 2002A 0.005992 SECURED VALUATION GROSS $64,965,519 KCCD SRID 02A RFD 0.001915 HOMEOWNERS EXEMPTION $2,016,000 KCCD SRID 2002B 0.000129 NET $62,949,519 TOTAL 1.157390 * UNSECURED VALUATION GROSS $320,719 NET ASSESSED VALUE MINUS MINERAL NET $320,719 KCWA IMP #4 DEBT -0.000094 GEN LOCAL GOVT 1.000000 TOTAL -0.000094 * KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 001-010 BAKERSFIELD INSIDE-GREENFIELD KCWA ZN 19 DEBT 0.014193 SECURED VALUATION GROSS $1,440,269 BKFLD REFND 89C&D 0.017229 HOMEOWNERS EXEMPTION $49,000 BKFLD SCH 93 RFD 0.016790 NET $1,391,269 BKFLD SCH 2006-A 0.023710 GEN LOCAL GOVT 1.000000 KHS REFUNDING 96A 0.013227 KCWA ZN 17 DEBT 0.010017 KERN HIGH 1990E 0.002543 KCWA ZN 19 DEBT 0.014193 KERN HIGH 2004A 0.005570 GRNFLD RFND 90-A 0.014428 KERN HIGH 2004B 0.007301 GRNFLD RFND 90-B 0.011026 KERN HIGH 2004C 0.009583 GREENFLD BD 90-C 0.004059 KCCD SRID 2002A 0.005992 GREENFLD 2002A 0.005482 KCCD SRID 02A RFD 0.001915 GREENFLD 2002B 0.005100 KCCD SRID 2002B 0.000129 GREENFLD 2006A 0.013897 TOTAL 1.157390 * KHS REFUNDING 96A 0.013227 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 1990E 0.002543 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004A 0.005570 TOTAL -0.000094 * KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.124462 * 001-011 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,401,231 HOMEOWNERS EXEMPTION $14,000 NET $1,387,231 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 BKFLD REFND 89C&D 0.017229 PAGE 3

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-013 BAKERSFIELD INSIDE 001-015 BAKERSFIELD INSIDE SECURED VALUATION GROSS $56,956,159 KCWA ZN 19 DEBT 0.014193 NET $56,956,159 BKFLD REFND 89C&D 0.017229 UNSECURED VALUATION GROSS $16,130,179 BKFLD SCH 93 RFD 0.016790 NET $16,130,179 BKFLD SCH 2006-A 0.023710 GEN LOCAL GOVT 1.000000 KHS REFUNDING 96A 0.013227 KCWA ZN 7 DEBT 0.029191 KERN HIGH 1990E 0.002543 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004A 0.005570 KCWA ZN 19 DEBT 0.014193 KERN HIGH 2004B 0.007301 BKFLD REFND 89C&D 0.017229 KERN HIGH 2004C 0.009583 BKFLD SCH 93 RFD 0.016790 KCCD SRID 2002A 0.005992 BKFLD SCH 2006-A 0.023710 KCCD SRID 02A RFD 0.001915 KHS REFUNDING 96A 0.013227 KCCD SRID 2002B 0.000129 KERN HIGH 1990E 0.002543 TOTAL 1.157390 * KERN HIGH 2004A 0.005570 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004B 0.007301 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004C 0.009583 TOTAL -0.000094 * KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 001-016 BAKERSFIELD INSIDE KCCD SRID 2002B 0.000129 SECURED VALUATION GROSS $13,805,038 TOTAL 1.157390 * HOMEOWNERS EXEMPTION $140,000 NET ASSESSED VALUE MINUS MINERAL NET $13,665,038 KCWA IMP #4 DEBT -0.000094 UNSECURED VALUATION GROSS $55,620 TOTAL -0.000094 * NET $55,620 GEN LOCAL GOVT 1.000000 001-014 BAKERSFIELD INSIDE KCWA ZN 7 DEBT 0.029191 SECURED VALUATION GROSS $498,746 KCWA ZN 17 DEBT 0.010017 NET $498,746 KCWA ZN 19 DEBT 0.014193 GEN LOCAL GOVT 1.000000 BKFLD REFND 89C&D 0.017229 KCWA ZN 7 DEBT 0.029191 BKFLD SCH 93 RFD 0.016790 KCWA ZN 17 DEBT 0.010017 BKFLD SCH 2006-A 0.023710 KCWA ZN 19 DEBT 0.014193 KHS REFUNDING 96A 0.013227 BKFLD REFND 89C&D 0.017229 KERN HIGH 1990E 0.002543 BKFLD SCH 93 RFD 0.016790 KERN HIGH 2004A 0.005570 BKFLD SCH 2006-A 0.023710 KERN HIGH 2004B 0.007301 KHS REFUNDING 96A 0.013227 KERN HIGH 2004C 0.009583 KERN HIGH 1990E 0.002543 KCCD SRID 2002A 0.005992 KERN HIGH 2004A 0.005570 KCCD SRID 02A RFD 0.001915 KERN HIGH 2004B 0.007301 KCCD SRID 2002B 0.000129 KERN HIGH 2004C 0.009583 TOTAL 1.157390 * KCCD SRID 2002A 0.005992 NET ASSESSED VALUE MINUS MINERAL KCCD SRID 02A RFD 0.001915 KCWA IMP #4 DEBT -0.000094 KCCD SRID 2002B 0.000129 TOTAL -0.000094 * TOTAL 1.157390 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-015 BAKERSFIELD INSIDE SECURED VALUATION GROSS $55,059,377 HOMEOWNERS EXEMPTION $1,554,000 NET $53,505,377 UNSECURED VALUATION GROSS $282,826 NET $282,826 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 PAGE 4

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-017 BAKERSFIELD INSIDE-BEARDSLEY 001-019 BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $89,212,131 SECURED VALUATION GROSS $35,262,159 HOMEOWNERS EXEMPTION $7,000 NET $35,262,159 NET $89,205,131 UNSECURED VALUATION GROSS $1,055,114 UNSECURED VALUATION GROSS $12,519,359 NET $1,055,114 NET $12,519,359 GEN LOCAL GOVT 1.000000 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 KCWA ZN 19 DEBT 0.014193 BEARDSLEY 2000A 0.002109 BEARDSLEY 2000A 0.002109 BEARDSLEY 2006A 0.015793 BEARDSLEY 2006A 0.015793 BEARDSLEY RF 2007 0.027533 BEARDSLEY RF 2007 0.027533 BEARDSLEY 2006B 0.003543 BEARDSLEY 2006B 0.003543 KHS REFUNDING 96A 0.013227 KHS REFUNDING 96A 0.013227 KERN HIGH 1990E 0.002543 KERN HIGH 1990E 0.002543 KERN HIGH 2004A 0.005570 KERN HIGH 2004A 0.005570 KERN HIGH 2004B 0.007301 KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 KCCD SRID 2002B 0.000129 TOTAL 1.148639 * TOTAL 1.148639 * NET ASSESSED VALUE MINUS MINERAL NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * TOTAL -0.000094 * 001-020 BAKERSFIELD INSIDE 001-018 BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $12,318,676 SECURED VALUATION GROSS $616,299,714 HOMEOWNERS EXEMPTION $476,000 HOMEOWNERS EXEMPTION $10,043,511 NET $11,842,676 NET $606,256,203 UNSECURED VALUATION GROSS $18,500 UNSECURED VALUATION GROSS $29,876,710 NET $18,500 NET $29,876,710 GEN LOCAL GOVT 1.000000 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 KCWA ZN 19 DEBT 0.014193 BKFLD REFND 89C&D 0.017229 GRNFLD RFND 90-A 0.014428 BKFLD SCH 93 RFD 0.016790 GRNFLD RFND 90-B 0.011026 BKFLD SCH 2006-A 0.023710 GREENFLD BD 90-C 0.004059 KHS REFUNDING 96A 0.013227 GREENFLD 2002A 0.005482 KERN HIGH 1990E 0.002543 GREENFLD 2002B 0.005100 KERN HIGH 2004A 0.005570 GREENFLD 2006A 0.013897 KERN HIGH 2004B 0.007301 KHS REFUNDING 96A 0.013227 KERN HIGH 2004C 0.009583 KERN HIGH 1990E 0.002543 KCCD SRID 2002A 0.005992 KERN HIGH 2004A 0.005570 KCCD SRID 02A RFD 0.001915 KERN HIGH 2004B 0.007301 KCCD SRID 2002B 0.000129 KERN HIGH 2004C 0.009583 TOTAL 1.157390 * KCCD SRID 2002A 0.005992 NET ASSESSED VALUE MINUS MINERAL KCCD SRID 02A RFD 0.001915 KCWA IMP #4 DEBT -0.000094 KCCD SRID 2002B 0.000129 TOTAL -0.000094 * TOTAL 1.153653 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * PAGE 5

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-021 BAKERSFIELD INSIDE 001-024 PANAMA - BUENA VISTA SECURED VALUATION GROSS $6,989 NET $543,428 NET $6,989 GEN LOCAL GOVT 1.000000 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 KCWA ZN 19 DEBT 0.014193 PANAMA SCH BD87-B 0.010065 BKFLD REFND 89C&D 0.017229 PANAMA 2002 REF 0.008988 BKFLD SCH 93 RFD 0.016790 KHS REFUNDING 96A 0.013227 BKFLD SCH 2006-A 0.023710 KERN HIGH 1990E 0.002543 KHS REFUNDING 96A 0.013227 KERN HIGH 2004A 0.005570 KERN HIGH 1990E 0.002543 KERN HIGH 2004B 0.007301 KERN HIGH 2004A 0.005570 KERN HIGH 2004C 0.009583 KERN HIGH 2004B 0.007301 KCCD SRID 2002A 0.005992 KERN HIGH 2004C 0.009583 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002A 0.005992 KCCD SRID 2002B 0.000129 KCCD SRID 02A RFD 0.001915 TOTAL 1.118714 * KCCD SRID 2002B 0.000129 NET ASSESSED VALUE MINUS MINERAL TOTAL 1.157390 * KCWA IMP #4 DEBT -0.000094 NET ASSESSED VALUE MINUS MINERAL TOTAL -0.000094 * KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-025 PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,134,297,823 001-022 BAKERSFIELD INSIDE-GREENFIELD HOMEOWNERS EXEMPTION $15,714,961 SECURED VALUATION GROSS $27,681,603 NET $1,118,582,862 HOMEOWNERS EXEMPTION $826,000 UNSECURED VALUATION GROSS $62,815,023 NET $26,855,603 NET $62,815,023 UNSECURED VALUATION GROSS $243,209 GEN LOCAL GOVT 1.000000 NET $243,209 KCWA ZN 7 DEBT 0.029191 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.010017 KCWA ZN 7 DEBT 0.029191 KCWA ZN 19 DEBT 0.014193 KCWA ZN 17 DEBT 0.010017 PANAMA SCH BD87-B 0.010065 KCWA ZN 19 DEBT 0.014193 PANAMA 2002 REF 0.008988 GRNFLD RFND 90-A 0.014428 KHS REFUNDING 96A 0.013227 GRNFLD RFND 90-B 0.011026 KERN HIGH 1990E 0.002543 GREENFLD BD 90-C 0.004059 KERN HIGH 2004A 0.005570 GREENFLD 2002A 0.005482 KERN HIGH 2004B 0.007301 GREENFLD 2002B 0.005100 KERN HIGH 2004C 0.009583 GREENFLD 2006A 0.013897 KCCD SRID 2002A 0.005992 KHS REFUNDING 96A 0.013227 KCCD SRID 02A RFD 0.001915 KERN HIGH 1990E 0.002543 KCCD SRID 2002B 0.000129 KERN HIGH 2004A 0.005570 TOTAL 1.118714 * KERN HIGH 2004B 0.007301 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004C 0.009583 KCWA IMP #4 DEBT -0.000094 KCCD SRID 2002A 0.005992 TOTAL -0.000094 * KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.153653 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-024 PANAMA - BUENA VISTA SECURED VALUATION GROSS $19,994,011 HOMEOWNERS EXEMPTION $574,000 NET $19,420,011 UNSECURED VALUATION GROSS $543,428 PAGE 6

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-026 BAKERSFIELD INSIDE 001-028 BAKERSFIELD INSIDE SECURED VALUATION GROSS $222,286 KCWA ZN 19 DEBT 0.014193 HOMEOWNERS EXEMPTION $14,000 BKFLD REFND 89C&D 0.017229 NET $208,286 BKFLD SCH 93 RFD 0.016790 GEN LOCAL GOVT 1.000000 BKFLD SCH 2006-A 0.023710 KCWA ZN 7 DEBT 0.029191 KHS REFUNDING 96A 0.013227 KCWA ZN 17 DEBT 0.010017 KERN HIGH 1990E 0.002543 KCWA ZN 19 DEBT 0.014193 KERN HIGH 2004A 0.005570 BKFLD REFND 89C&D 0.017229 KERN HIGH 2004B 0.007301 BKFLD SCH 93 RFD 0.016790 KERN HIGH 2004C 0.009583 BKFLD SCH 2006-A 0.023710 KCCD SRID 2002A 0.005992 KHS REFUNDING 96A 0.013227 KCCD SRID 02A RFD 0.001915 KERN HIGH 1990E 0.002543 KCCD SRID 2002B 0.000129 KERN HIGH 2004A 0.005570 TOTAL 1.157390 * KERN HIGH 2004B 0.007301 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004C 0.009583 KCWA IMP #4 DEBT -0.000094 KCCD SRID 2002A 0.005992 TOTAL -0.000094 * KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 001-029 BAKERSFIELD INSIDE-FRUITVALE TOTAL 1.157390 * SECURED VALUATION GROSS $17,483,045 NET ASSESSED VALUE MINUS MINERAL NET $17,483,045 KCWA IMP #4 DEBT -0.000094 UNSECURED VALUATION GROSS $3,815,368 TOTAL -0.000094 * NET $3,815,368 GEN LOCAL GOVT 1.000000 001-027 BAKERSFIELD INSIDE-GREENFIELD KCWA ZN 7 DEBT 0.029191 GEN LOCAL GOVT 1.000000 KCWA ZN 17 DEBT 0.010017 KCWA ZN 7 DEBT 0.029191 KCWA ZN 19 DEBT 0.014193 KCWA ZN 17 DEBT 0.010017 FRUITV RFD 94A&B 0.042328 KCWA ZN 19 DEBT 0.014193 FRTVALE SCHL BOND 0.013379 GRNFLD RFND 90-A 0.014428 KHS REFUNDING 96A 0.013227 GRNFLD RFND 90-B 0.011026 KERN HIGH 1990E 0.002543 GREENFLD BD 90-C 0.004059 KERN HIGH 2004A 0.005570 GREENFLD 2002A 0.005482 KERN HIGH 2004B 0.007301 GREENFLD 2002B 0.005100 KERN HIGH 2004C 0.009583 GREENFLD 2006A 0.013897 KCCD SRID 2002A 0.005992 KHS REFUNDING 96A 0.013227 KCCD SRID 02A RFD 0.001915 KERN HIGH 1990E 0.002543 KCCD SRID 2002B 0.000129 KERN HIGH 2004A 0.005570 TOTAL 1.155368 * KERN HIGH 2004B 0.007301 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004C 0.009583 KCWA IMP #4 DEBT -0.000094 KCCD SRID 2002A 0.005992 TOTAL -0.000094 * KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.153653 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-028 BAKERSFIELD INSIDE SECURED VALUATION GROSS $215,508,163 HOMEOWNERS EXEMPTION $2,044,000 NET $213,464,163 UNSECURED VALUATION GROSS $13,527,309 NET $13,527,309 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 PAGE 7

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-030 BAKERSFIELD INSIDE 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $5,809,391 GEN LOCAL GOVT 1.000000 HOMEOWNERS EXEMPTION $21,000 KCWA ZN 7 DEBT 0.029191 NET $5,788,391 KCWA ZN 17 DEBT 0.010017 UNSECURED VALUATION GROSS $4,972,464 KCWA ZN 19 DEBT 0.014193 NET $4,972,464 BKFLD REFND 89C&D 0.017229 GEN LOCAL GOVT 1.000000 BKFLD SCH 93 RFD 0.016790 KCWA ZN 7 DEBT 0.029191 BKFLD SCH 2006-A 0.023710 KCWA ZN 17 DEBT 0.010017 KHS REFUNDING 96A 0.013227 KCWA ZN 19 DEBT 0.014193 KERN HIGH 1990E 0.002543 BKFLD REFND 89C&D 0.017229 KERN HIGH 2004A 0.005570 BKFLD SCH 93 RFD 0.016790 KERN HIGH 2004B 0.007301 BKFLD SCH 2006-A 0.023710 KERN HIGH 2004C 0.009583 KHS REFUNDING 96A 0.013227 KCCD SRID 2002A 0.005992 KERN HIGH 1990E 0.002543 KCCD SRID 02A RFD 0.001915 KERN HIGH 2004A 0.005570 KCCD SRID 2002B 0.000129 KERN HIGH 2004B 0.007301 TOTAL 1.157390 * KERN HIGH 2004C 0.009583 NET ASSESSED VALUE MINUS MINERAL KCCD SRID 2002A 0.005992 KCWA IMP #4 DEBT -0.000094 KCCD SRID 02A RFD 0.001915 TOTAL -0.000094 * KCCD SRID 2002B 0.000129 TOTAL 1.157390 * 001-033 PANAMA - BUENA VISTA NET ASSESSED VALUE MINUS MINERAL SECURED VALUATION GROSS $140,853 KCWA IMP #4 DEBT -0.000094 HOMEOWNERS EXEMPTION $7,000 TOTAL -0.000094 * NET $133,853 GEN LOCAL GOVT 1.000000 001-031 BAKERSFIELD INSIDE KCWA ZN 7 DEBT 0.029191 SECURED VALUATION GROSS $21,395,251 KCWA ZN 17 DEBT 0.010017 HOMEOWNERS EXEMPTION $343,000 KCWA ZN 19 DEBT 0.014193 NET $21,052,251 PANAMA SCH BD87-B 0.010065 UNSECURED VALUATION GROSS $49,284 PANAMA 2002 REF 0.008988 NET $49,284 KHS REFUNDING 96A 0.013227 GEN LOCAL GOVT 1.000000 KERN HIGH 1990E 0.002543 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004A 0.005570 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004B 0.007301 KCWA ZN 19 DEBT 0.014193 KERN HIGH 2004C 0.009583 BKFLD REFND 89C&D 0.017229 KCCD SRID 2002A 0.005992 BKFLD SCH 93 RFD 0.016790 KCCD SRID 02A RFD 0.001915 BKFLD SCH 2006-A 0.023710 KCCD SRID 2002B 0.000129 KHS REFUNDING 96A 0.013227 TOTAL 1.118714 * KERN HIGH 1990E 0.002543 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004A 0.005570 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004B 0.007301 TOTAL -0.000094 * KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.157390 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-032 BAKERSFIELD INSIDE SECURED VALUATION GROSS $174,957 NET $174,957 UNSECURED VALUATION GROSS $29,210 NET $29,210 PAGE 8

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-034 BAKERSFIELD INSIDE 001-037 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $387,960 KCCD SRID 2002A 0.005992 NET $387,960 KCCD SRID 02A RFD 0.001915 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.000129 BKFLD REFND 89C&D 0.017229 TOTAL 1.155368 * BKFLD SCH 93 RFD 0.016790 NET ASSESSED VALUE MINUS MINERAL BKFLD SCH 2006-A 0.023710 KCWA IMP #4 DEBT -0.000094 KHS REFUNDING 96A 0.013227 TOTAL -0.000094 * KERN HIGH 1990E 0.002543 KERN HIGH 2004A 0.005570 001-038 BAKERSFIELD INSIDE-FRUITVALE KERN HIGH 2004B 0.007301 SECURED VALUATION GROSS $26,498,058 KERN HIGH 2004C 0.009583 NET $26,498,058 KCCD SRID 2002A 0.005992 UNSECURED VALUATION GROSS $1,213,436 KCCD SRID 02A RFD 0.001915 NET $1,213,436 KCCD SRID 2002B 0.000129 GEN LOCAL GOVT 1.000000 TOTAL 1.103989 * KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 001-035 PANAMA - BUENA VISTA KCWA ZN 19 DEBT 0.014193 SECURED VALUATION GROSS $67,960,281 FRUITV RFD 94A&B 0.042328 NET $67,960,281 FRTVALE SCHL BOND 0.013379 UNSECURED VALUATION GROSS $11,858,298 KHS REFUNDING 96A 0.013227 NET $11,858,298 KERN HIGH 1990E 0.002543 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.005570 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004B 0.007301 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004C 0.009583 KCWA ZN 19 DEBT 0.014193 KCCD SRID 2002A 0.005992 PANAMA SCH BD87-B 0.010065 KCCD SRID 02A RFD 0.001915 PANAMA 2002 REF 0.008988 KCCD SRID 2002B 0.000129 KHS REFUNDING 96A 0.013227 TOTAL 1.155368 * KERN HIGH 1990E 0.002543 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004A 0.005570 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004B 0.007301 TOTAL -0.000094 * KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.118714 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-037 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $55,104,470 NET $55,104,470 UNSECURED VALUATION GROSS $10,855,086 NET $10,855,086 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 FRUITV RFD 94A&B 0.042328 FRTVALE SCHL BOND 0.013379 KHS REFUNDING 96A 0.013227 KERN HIGH 1990E 0.002543 KERN HIGH 2004A 0.005570 KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 PAGE 9

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-039 BAKERSFIELD INSIDE 001-041 BAKERSFIELD INSIDE-PANAMA SECURED VALUATION GROSS $2,607,952 PANAMA SCH BD87-B 0.010065 HOMEOWNERS EXEMPTION $35,000 PANAMA 2002 REF 0.008988 NET $2,572,952 KHS REFUNDING 96A 0.013227 UNSECURED VALUATION GROSS $316,576 KERN HIGH 1990E 0.002543 NET $316,576 KERN HIGH 2004A 0.005570 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.007301 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004C 0.009583 KCWA ZN 17 DEBT 0.010017 KCCD SRID 2002A 0.005992 KCWA ZN 19 DEBT 0.014193 KCCD SRID 02A RFD 0.001915 BKFLD REFND 89C&D 0.017229 KCCD SRID 2002B 0.000129 BKFLD SCH 93 RFD 0.016790 TOTAL 1.118714 * BKFLD SCH 2006-A 0.023710 NET ASSESSED VALUE MINUS MINERAL KHS REFUNDING 96A 0.013227 KCWA IMP #4 DEBT -0.000094 KERN HIGH 1990E 0.002543 TOTAL -0.000094 * KERN HIGH 2004A 0.005570 KERN HIGH 2004B 0.007301 001-042 BAKERSFIELD INSIDE KERN HIGH 2004C 0.009583 SECURED VALUATION GROSS $112,225,915 KCCD SRID 2002A 0.005992 HOMEOWNERS EXEMPTION $1,568,000 KCCD SRID 02A RFD 0.001915 NET $110,657,915 KCCD SRID 2002B 0.000129 UNSECURED VALUATION GROSS $176,484 TOTAL 1.157390 * NET $176,484 NET ASSESSED VALUE MINUS MINERAL GEN LOCAL GOVT 1.000000 KCWA IMP #4 DEBT -0.000094 KCWA ZN 7 DEBT 0.029191 TOTAL -0.000094 * KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 001-040 BAKERSFIELD INSIDE BKFLD REFND 89C&D 0.017229 GEN LOCAL GOVT 1.000000 BKFLD SCH 93 RFD 0.016790 KCWA ZN 7 DEBT 0.029191 BKFLD SCH 2006-A 0.023710 KCWA ZN 17 DEBT 0.010017 KHS REFUNDING 96A 0.013227 KCWA ZN 19 DEBT 0.014193 KERN HIGH 1990E 0.002543 BKFLD REFND 89C&D 0.017229 KERN HIGH 2004A 0.005570 BKFLD SCH 93 RFD 0.016790 KERN HIGH 2004B 0.007301 BKFLD SCH 2006-A 0.023710 KERN HIGH 2004C 0.009583 KHS REFUNDING 96A 0.013227 KCCD SRID 2002A 0.005992 KERN HIGH 1990E 0.002543 KCCD SRID 02A RFD 0.001915 KERN HIGH 2004A 0.005570 KCCD SRID 2002B 0.000129 KERN HIGH 2004B 0.007301 TOTAL 1.157390 * KERN HIGH 2004C 0.009583 NET ASSESSED VALUE MINUS MINERAL KCCD SRID 2002A 0.005992 KCWA IMP #4 DEBT -0.000094 KCCD SRID 02A RFD 0.001915 TOTAL -0.000094 * KCCD SRID 2002B 0.000129 TOTAL 1.157390 * 001-043 BAKERSFIELD INSIDE-LAKESIDE NET ASSESSED VALUE MINUS MINERAL GEN LOCAL GOVT 1.000000 KCWA IMP #4 DEBT -0.000094 KCWA ZN 17 DEBT 0.010017 TOTAL -0.000094 * KCWA ZN 19 DEBT 0.014193 KHS REFUNDING 96A 0.013227 001-041 BAKERSFIELD INSIDE-PANAMA KERN HIGH 1990E 0.002543 SECURED VALUATION GROSS $195,028,605 KERN HIGH 2004A 0.005570 HOMEOWNERS EXEMPTION $3,654,000 KERN HIGH 2004B 0.007301 NET $191,374,605 KERN HIGH 2004C 0.009583 UNSECURED VALUATION GROSS $214,125 KCCD SRID 2002A 0.005992 NET $214,125 KCCD SRID 02A RFD 0.001915 GEN LOCAL GOVT 1.000000 KCCD SRID 2002B 0.000129 KCWA ZN 7 DEBT 0.029191 TOTAL 1.070470 * KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 PAGE 10

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-044 PANAMA - BUENA VISTA 001-046 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $51,560,442 KCCD SRID 2002A 0.005992 HOMEOWNERS EXEMPTION $1,442,000 KCCD SRID 02A RFD 0.001915 NET $50,118,442 KCCD SRID 2002B 0.000129 UNSECURED VALUATION GROSS $10,540,025 TOTAL 1.155368 * NET $10,540,025 NET ASSESSED VALUE MINUS MINERAL GEN LOCAL GOVT 1.000000 KCWA IMP #4 DEBT -0.000094 KCWA ZN 17 DEBT 0.010017 TOTAL -0.000094 * KCWA ZN 19 DEBT 0.014193 PANAMA SCH BD87-B 0.010065 001-047 BAKERSFIELD INSIDE PANAMA 2002 REF 0.008988 SECURED VALUATION GROSS $87,968,326 KHS REFUNDING 96A 0.013227 HOMEOWNERS EXEMPTION $2,030,000 KERN HIGH 1990E 0.002543 NET $85,938,326 KERN HIGH 2004A 0.005570 UNSECURED VALUATION GROSS $217,164 KERN HIGH 2004B 0.007301 NET $217,164 KERN HIGH 2004C 0.009583 GEN LOCAL GOVT 1.000000 KCCD SRID 2002A 0.005992 KCWA ZN 7 DEBT 0.029191 KCCD SRID 02A RFD 0.001915 KCWA ZN 17 DEBT 0.010017 KCCD SRID 2002B 0.000129 KCWA ZN 19 DEBT 0.014193 TOTAL 1.089523 * BKFLD REFND 89C&D 0.017229 BKFLD SCH 93 RFD 0.016790 001-045 BAKERSFIELD INSIDE-FRUITVALE BKFLD SCH 2006-A 0.023710 SECURED VALUATION GROSS $162 KHS REFUNDING 96A 0.013227 NET $162 KERN HIGH 1990E 0.002543 GEN LOCAL GOVT 1.000000 KERN HIGH 2004A 0.005570 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004B 0.007301 KCWA ZN 17 DEBT 0.010017 KERN HIGH 2004C 0.009583 KCWA ZN 19 DEBT 0.014193 KCCD SRID 2002A 0.005992 FRUITV RFD 94A&B 0.042328 KCCD SRID 02A RFD 0.001915 FRTVALE SCHL BOND 0.013379 KCCD SRID 2002B 0.000129 KHS REFUNDING 96A 0.013227 TOTAL 1.157390 * KERN HIGH 1990E 0.002543 NET ASSESSED VALUE MINUS MINERAL KERN HIGH 2004A 0.005570 KCWA IMP #4 DEBT -0.000094 KERN HIGH 2004B 0.007301 TOTAL -0.000094 * KERN HIGH 2004C 0.009583 KCCD SRID 2002A 0.005992 KCCD SRID 02A RFD 0.001915 KCCD SRID 2002B 0.000129 TOTAL 1.155368 * NET ASSESSED VALUE MINUS MINERAL KCWA IMP #4 DEBT -0.000094 TOTAL -0.000094 * 001-046 BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $305,000 NET $305,000 GEN LOCAL GOVT 1.000000 KCWA ZN 7 DEBT 0.029191 KCWA ZN 17 DEBT 0.010017 KCWA ZN 19 DEBT 0.014193 FRUITV RFD 94A&B 0.042328 FRTVALE SCHL BOND 0.013379 KHS REFUNDING 96A 0.013227 KERN HIGH 1990E 0.002543 KERN HIGH 2004A 0.005570 KERN HIGH 2004B 0.007301 KERN HIGH 2004C 0.009583 PAGE 11

COUNTY OF KERN TAX RATES BY AREA CODE BILLING YEAR 2007-2008 AREA CODE RATE AREA CODE RATE 001-049 PANAMA - BUENA VISTA 001-052 PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,060,182,498 PANAMA SCH BD87-B 0.010065 HOMEOWNERS EXEMPTION $13,832,000 PANAMA 2002 REF 0.008988 NET $1,046,350,498 KHS REFUNDING 96A 0.013227 UNSECURED VALUATION GROSS $31,604,139 KERN HIGH 1990E 0.002543 NET $31,604,139 KERN HIGH 2004A 0.005570 GEN LOCAL GOVT 1.000000 KERN HIGH 2004B 0.007301 KCWA ZN 7 DEBT 0.029191 KERN HIGH 2004C