Taxes are calculated based on a rate applied to the value of your property. The tax rate is a combination of the rates of all the jurisdictions that have a property tax where you live, such as the Santa Cruz County, your school district and your fire district. There is a Primary Tax Rate and a Secondary Tax Rate. Primary taxes are used to pay the operating expenses of a jurisdiction and the rate is applied to the Limited Cash Value of your property. The secondary taxes are used to pay for special districts, such as fire districts, and other voter approved items, for example, bonds and budget overrides.
The calculation is as follows:
Primary Tax = Limited Value times Assessment Ratio times Primary Tax Rate divided by $100
Secondary Tax = Limited Value times Assessment Ratio times Secondary Tax Rate divided by $100
TOTAL TAX = Primary Tax + Secondary Tax