COUNTY OF KERN TAX RATES & ASSESSED VALUATIONS Compiled by the Office of Mary B. Bedard, CPA Auditor-Controller-County Clerk

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1 TAX RATES & ASSESSED VALUATIONS Compiled by the Office of Mary B. Bedard, CPA Auditor-Controller-County Clerk

2 KERN COUNTY TAX RATES AND ASSESSED VALUATIONS FOR THE YEAR

3 TABLE OF CONTENTS Page Important Tax Dates and Information Tax Rate Areas for Schools ii Payment of Taxes - Due Dates...iii Statement of Taxable Personal Property... iii Exemptions... iii Taxes will be Mailed......iv Tax Rates... iv Supplemental Assessment......iv County Assessment Appeals Board iv General & Special District Tax Levies... v Delinquent Taxes & Redemption Rates...vi Where to Obtain Information...vi Assessed Value & Tax Rates by Code Area Total Assessed Valuation of Kern County Assessed Valuation of Schools & Other Special Districts School Districts High Schools Unified Schools Community Colleges Special Schools Special Districts Community Service Districts County Service Areas Flood Control Districts Health Care Districts Hospital Districts Irrigation Districts Pest Control Districts Recreation and Park Districts Airport District Cemetery Districts Renewable Energy Improvements Resource Conservation Districts Sanitary District Sanitation Districts Separation of Grade District Public Transit District Municipal Utility District Public Utility Districts Water Agencies California Water District County Water Districts Municipal Water Districts Water Drainage District Water Storage Districts Assessed Valuation of County Operating Funds Assessed Valuation of Cities Top Ten Taxpayers (i)

4 TAX RATE AREAS FOR SCHOOL DISTRICTS Tax Tax Rate Rate School Area School Area Arvin 9, 54 Maricopa Unified... 3, 134 Bakersfield... 1, 56 McFarland.Unified... 8, 91 Beardsley , 57 McKittrick Belridge Midway Blake Mojave Unified... 11, 94 Buttonwillow Muroc Unified... 11, 98 Caliente Norris... 1, 99 Delano , 65 Panama - Buena Vista... 1, 61 DiGiorgio.... 9, 115 Pond Edison Richland... 6, 85 Elk Hills Rio Bravo-Greeley... 1, 114 El Tejon Unified Rosedale... 1, 116 Fairfax , 68 Semitropic Fruitvale , 70 Sierra Sands Unified... 10, 11, 111 General Shafter... 1, 118 South Fork Greenfield , 74 So. Kern Unified Kernville Standard... 1, 121 Lakeside , 135 Taft... 4, 124 Lamont , 96 Tehachapi Unified... 5, 125 Linns Valley-Poso Flat Vineland... 1, 129 Lost Hills Wasco... 7, 130 Maple (ii)

5 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)

6 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)

7 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) 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)

8 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 , (661) , 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) 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) 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) HOUR INFORMATION AND PAYMENT SYSTEM: Automated property tax information is available 24 hours a day by telephone at (888) or by Internet at 5. Additional property tax information is also available at the following Web addresses: ASSESSOR-RECORDER AUDITOR-CONTROLLER-COUNTY CLERK TREASURER-TAX COLLECTOR (vi)

9 CO WIDE UNITARY BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,899,706,473 KERN HIGH RF NET $1,899,706,473 UNSECURED VALUATION GROSS $147,735,404 NET $147,735,404 UNIT/OP NOUNIT-1% TOTAL * UNIT/OP NOUNIT DS TOTAL * BAKERSFIELD INSIDE-ROSEDALE CO WIDE UNITARY-RAILROAD KCWA ZN 7 DEBT SECURED VALUATION GROSS $92,267,230 NET $92,267,230 RAILWAY UT 1% RAILWAY UTDS TOTAL * CO WIDE UNITARY-ELECTRIC SECURED VALUATION GROSS $484,876,609 KERN HIGH RF NET $484,876,609 QUAL PUBLIC UT 1% QUAL PUBLIC UTDS TOTAL * TOTAL * INTRA COUNTY PIPELINE R/W BAKERSFIELD INSIDE UNSECURED VALUATION GROSS $112,076,266 SECURED VALUATION GROSS $1,210,041,822 NET $112,076,266 HOMEOWNERS EXEMPTION $25,739,000 PIPE LINE R/W 1% NET $1,184,302,822 PIPE LINE R/W DS UNSECURED VALUATION GROSS $79,783,858 TOTAL * NET $79,783, INTER COUNTY PIPELINE R/W KCWA ZN 7 DEBT SECURED VALUATION GROSS $1,890,570 NET $1,890,570 UNSECURED VALUATION GROSS $41,104,859 BKFLD SCH 2006-A NET $41,104,859 BKFLD SCH 2006-B PIPE LINE R/W 1% BKFLD SCH 2006-D PIPE LINE R/W DS TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,114,566,199 HOMEOWNERS EXEMPTION $13,685,000 KERN HIGH RF NET $1,100,881,199 UNSECURED VALUATION GROSS $73,791,425 NET $73,791,425 TOTAL * KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D PAGE 1

10 BAKERSFIELD INSIDE-GREENFIELD PANAMA - BUENA VISTA UNSECURED VALUATION GROSS $2,606,426 NET $2,606,426 KCWA ZN 7 DEBT KERN HIGH RF GRNFLD RFND 90-B GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B TOTAL * GREENFLD 2006A BAKERSFIELD INSIDE SECURED VALUATION GROSS $178,767 HOMEOWNERS EXEMPTION $7,000 NET $171,767 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE SECURED VALUATION GROSS $23,296,500 NET $23,296,500 UNSECURED VALUATION GROSS $1,904,640 NET $1,904,640 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D KERN HIGH RF TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $2,240,756 HOMEOWNERS EXEMPTION $42,000 NET $2,198,756 UNSECURED VALUATION GROSS $3,520,004 NET $3,520,004 KCWA ZN 7 DEBT PANAMA BV 2012-A PAGE 2

11 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $760,524 NET $760,524 UNSECURED VALUATION GROSS $24,661 NET $24,661 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B TOTAL * BKFLD SCH 2006-D BAKERSFIELD INSIDE SECURED VALUATION GROSS $45,093,998 HOMEOWNERS EXEMPTION $1,750,000 NET $43,343,998 UNSECURED VALUATION GROSS $402,241 KERN HIGH RF NET $402,241 KCWA ZN 7 DEBT TOTAL * BKFLD SCH 2006-A BAKERSFIELD INSIDE-GREENFIELD BKFLD SCH 2006-B SECURED VALUATION GROSS $1,344,247 BKFLD SCH 2006-D HOMEOWNERS EXEMPTION $49,000 NET $1,295,247 GRNFLD RFND 90-B KERN HIGH RF GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B GREENFLD 2006A TOTAL * KERN HIGH RF TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,292,478 HOMEOWNERS EXEMPTION $21,000 NET $1,271,478 KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D PAGE 3

12 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $65,151,824 NET $65,151,824 UNSECURED VALUATION GROSS $15,798,088 NET $15,798,088 KERN HIGH RF KCWA ZN 7 DEBT TOTAL * BKFLD SCH 2006-A BKFLD SCH 2006-B BAKERSFIELD INSIDE BKFLD SCH 2006-D SECURED VALUATION GROSS $12,702,574 HOMEOWNERS EXEMPTION $126,000 NET $12,576,574 UNSECURED VALUATION GROSS $20,163 NET $20,163 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * KERN HIGH RF TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $42,534,752 HOMEOWNERS EXEMPTION $1,337,000 NET $41,197,752 UNSECURED VALUATION GROSS $233,574 NET $233,574 KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D PAGE 4

13 BAKERSFIELD INSIDE-BEARDSLEY BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $108,905,661 HOMEOWNERS EXEMPTION $7,000 NET $108,898,661 BEARDSLEY 2000A UNSECURED VALUATION GROSS $21,402,578 BEARDSLEY 2000B NET $21,402,578 BEARDSLEY 2006A BEARDSLEY RF KCWA ZN 7 DEBT BEARDSLEY 2006B BEARDSLEY 2000A BEARDSLEY 2000B BEARDSLEY 2006A BEARDSLEY RF KERN HIGH RF BEARDSLEY 2006B TOTAL * BAKERSFIELD INSIDE KERN HIGH RF SECURED VALUATION GROSS $8,926,558 HOMEOWNERS EXEMPTION $364,000 NET $8,562,558 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $582,637,403 BKFLD SCH 2006-A HOMEOWNERS EXEMPTION $9,227,896 BKFLD SCH 2006-B NET $573,409,507 BKFLD SCH 2006-D UNSECURED VALUATION GROSS $33,630,780 NET $33,630,780 KCWA ZN 7 DEBT KERN HIGH RF GRNFLD RFND 90-B GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B TOTAL * GREENFLD 2006A KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $38,779,821 NET $38,779,821 KCWA ZN 7 DEBT PAGE 5

14 BAKERSFIELD INSIDE PANAMA - BUENA VISTA SECURED VALUATION GROSS $7,486 PANAMA BV 2012-A NET $7,486 KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,065,030,176 KERN HIGH RF HOMEOWNERS EXEMPTION $14,147,000 NET $1,050,883,176 UNSECURED VALUATION GROSS $75,968,439 NET $75,968,439 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $19,419,404 HOMEOWNERS EXEMPTION $707,000 PANAMA BV 2012-A NET $18,712,404 UNSECURED VALUATION GROSS $97,428 NET $97,428 KCWA ZN 7 DEBT KERN HIGH RF GRNFLD RFND 90-B GREENFLD BD 90-C GREENFLD 2002A TOTAL * GREENFLD 2002B GREENFLD 2006A KERN HIGH RF TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $16,382,513 HOMEOWNERS EXEMPTION $497,000 NET $15,885,513 UNSECURED VALUATION GROSS $249,765 NET $249,765 KCWA ZN 7 DEBT PAGE 6

15 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $242,928 HOMEOWNERS EXEMPTION $14,000 NET $228,928 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B TOTAL * BKFLD SCH 2006-D BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $21,897,247 NET $21,897,247 UNSECURED VALUATION GROSS $3,268,166 NET $3,268,166 KERN HIGH RF KCWA ZN 7 DEBT TOTAL * FRTVALE SCHL BOND FRTVALE SCHL BOND BAKERSFIELD INSIDE-GREENFIELD FRTVALE 2011 RFDG KCWA ZN 7 DEBT GRNFLD RFND 90-B GREENFLD BD 90-C KERN HIGH RF GREENFLD 2002A GREENFLD 2002B GREENFLD 2006A TOTAL * KERN HIGH RF TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $220,476,331 HOMEOWNERS EXEMPTION $1,743,000 NET $218,733,331 UNSECURED VALUATION GROSS $12,726,025 NET $12,726,025 KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D PAGE 7

16 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $5,713,556 BKFLD SCH 2006-A HOMEOWNERS EXEMPTION $21,000 BKFLD SCH 2006-B NET $5,692,556 BKFLD SCH 2006-D UNSECURED VALUATION GROSS $4,972,464 NET $4,972,464 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $165,000 NET $165,000 KERN HIGH RF UNSECURED VALUATION GROSS $7,537 NET $7,537 KCWA ZN 7 DEBT TOTAL * BAKERSFIELD INSIDE PANAMA BV 2012-A SECURED VALUATION GROSS $19,748,597 HOMEOWNERS EXEMPTION $294,000 NET $19,454,597 UNSECURED VALUATION GROSS $5,200 NET $5,200 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE SECURED VALUATION GROSS $294,682 NET $294,682 BKFLD SCH 2006-A BKFLD SCH 2006-B KERN HIGH RF BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE KERN HIGH RF SECURED VALUATION GROSS $191,215 NET $191,215 UNSECURED VALUATION GROSS $10,081 NET $10,081 TOTAL * KCWA ZN 7 DEBT PAGE 8

17 PANAMA - BUENA VISTA BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $80,457,945 NET $80,457,945 UNSECURED VALUATION GROSS $11,506,835 NET $11,506,835 KERN HIGH RF KCWA ZN 7 DEBT PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $2,607,952 HOMEOWNERS EXEMPTION $35,000 NET $2,572,952 KERN HIGH RF UNSECURED VALUATION GROSS $316,576 NET $316,576 KCWA ZN 7 DEBT TOTAL * BAKERSFIELD INSIDE-FRUITVALE BKFLD SCH 2006-A SECURED VALUATION GROSS $57,497,301 BKFLD SCH 2006-B NET $57,497,301 BKFLD SCH 2006-D UNSECURED VALUATION GROSS $11,514,905 NET $11,514,905 KCWA ZN 7 DEBT KERN HIGH RF FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * BAKERSFIELD INSIDE KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B TOTAL * BKFLD SCH 2006-D BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $27,904,174 NET $27,904,174 UNSECURED VALUATION GROSS $1,095,520 NET $1,095,520 KERN HIGH RF KCWA ZN 7 DEBT TOTAL * FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG PAGE 9

18 BAKERSFIELD INSIDE-PANAMA BAKERSFIELD INSIDE-LAKESIDE SECURED VALUATION GROSS $170,797,305 KERN HIGH RF HOMEOWNERS EXEMPTION $3,402,000 NET $167,395,305 UNSECURED VALUATION GROSS $220,706 NET $220,706 TOTAL * KCWA ZN 7 DEBT PANAMA - BUENA VISTA SECURED VALUATION GROSS $45,777,117 HOMEOWNERS EXEMPTION $1,365,000 PANAMA BV 2012-A NET $44,412,117 UNSECURED VALUATION GROSS $784,335 NET $784,335 KERN HIGH RF PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE KERN HIGH RF SECURED VALUATION GROSS $112,509,187 HOMEOWNERS EXEMPTION $1,400,000 NET $111,109,187 UNSECURED VALUATION GROSS $92,233 TOTAL * NET $92, BAKERSFIELD INSIDE-FRUITVALE KCWA ZN 7 DEBT SECURED VALUATION GROSS $171 NET $171 BKFLD SCH 2006-A KCWA ZN 7 DEBT BKFLD SCH 2006-B BKFLD SCH 2006-D FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG KERN HIGH RF KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-LAKESIDE TOTAL * LAKESIDE SCH 08-A LAKESIDE SCH 08-B PAGE 10

19 BAKERSFIELD INSIDE-FRUITVALE PANAMA - BUENA VISTA SECURED VALUATION GROSS $333,343 NET $333,343 KCWA ZN 7 DEBT KERN HIGH RF FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $298 NET $298 KERN HIGH RF KCWA ZN 7 DEBT PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $81,075,957 HOMEOWNERS EXEMPTION $1,939,000 NET $79,136,957 KERN HIGH RF UNSECURED VALUATION GROSS $127,805 NET $127,805 KCWA ZN 7 DEBT TOTAL * PANAMA - BUENA VISTA BKFLD SCH 2006-A SECURED VALUATION GROSS $133,769,115 BKFLD SCH 2006-B HOMEOWNERS EXEMPTION $1,533,000 BKFLD SCH 2006-D NET $132,236,115 UNSECURED VALUATION GROSS $20,087,557 NET $20,087,557 KCWA ZN 7 DEBT KERN HIGH RF PANAMA BV 2012-A TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,022,580,376 KERN HIGH RF HOMEOWNERS EXEMPTION $12,544,000 NET $1,010,036,376 UNSECURED VALUATION GROSS $31,946,573 NET $31,946,573 TOTAL * KCWA ZN 7 DEBT PANAMA BV 2012-A PAGE 11

20 BAKERSFIELD INSIDE-BEARDSLEY BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $6,149 NET $6,149 KCWA ZN 7 DEBT KERN HIGH RF BEARDSLEY 2000A BEARDSLEY 2000B BEARDSLEY 2006A BEARDSLEY RF TOTAL * BEARDSLEY 2006B BAKERSFIELD INSIDE-FRUITVALE KCWA ZN 7 DEBT KERN HIGH RF FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $152,634 HOMEOWNERS EXEMPTION $7,000 KERN HIGH RF NET $145,634 KCWA ZN 7 DEBT TOTAL * BEARDSLEY 2000A BAKERSFIELD INSIDE-FRUITVALE BEARDSLEY 2000B SECURED VALUATION GROSS $57,024,520 BEARDSLEY 2006A NET $57,024,520 BEARDSLEY RF UNSECURED VALUATION GROSS $5,479,288 BEARDSLEY 2006B NET $5,479,288 KCWA ZN 7 DEBT FRTVALE SCHL BOND KERN HIGH RF FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * BAKERSFIELD INSIDE-BEARDSLEY KERN HIGH RF KCWA ZN 7 DEBT BEARDSLEY 2000A TOTAL * BEARDSLEY 2000B BEARDSLEY 2006A BEARDSLEY RF BEARDSLEY 2006B PAGE 12

21 PANAMA - BUENA VISTA BAKERSFIELD INSIDE-ROSEDALE SECURED VALUATION GROSS $10,469,262 KCWA ZN 7 DEBT NET $10,469,262 UNSECURED VALUATION GROSS $932,095 NET $932,095 KCWA ZN 7 DEBT PANAMA BV 2012-A KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-ROSEDALE KCWA ZN 7 DEBT TOTAL * BAKERSFIELD INSIDE-ROSEDALE KCWA ZN 7 DEBT KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-STANDARD SECURED VALUATION GROSS $55,648,729 NET $55,648,729 UNSECURED VALUATION GROSS $8,708 TOTAL * NET $8, BAKERSFIELD INSIDE-ROSEDALE KCWA ZN 7 DEBT STANDARD BOND 06A STANDARD BOND 06B STANDARD BOND 12A KERN HIGH RF KERN HIGH RF TOTAL * TOTAL * BAKERSFIELD INSIDE-ROSEDALE SECURED VALUATION GROSS $5,245 NET $5,245 PAGE 13

22 BAKERSFIELD INSIDE-STANDARD BAKERSFIELD INSIDE-STANDARD SECURED VALUATION GROSS $419 NET $419 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE SECURED VALUATION GROSS $86,011,819 HOMEOWNERS EXEMPTION $1,967,000 STANDARD BOND 06A NET $84,044,819 STANDARD BOND 06B UNSECURED VALUATION GROSS $63,067 STANDARD BOND 12A NET $63,067 KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE-STANDARD KERN HIGH RF STANDARD BOND 06A STANDARD BOND 06B TOTAL * STANDARD BOND 12A BAKERSFIELD INSIDE SECURED VALUATION GROSS $148,798 NET $148,798 BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE-STANDARD SECURED VALUATION GROSS $14,519 KERN HIGH RF NET $14,519 KCWA ZN 7 DEBT TOTAL * STANDARD BOND 06A STANDARD BOND 06B STANDARD BOND 12A KERN HIGH RF PAGE 14

23 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $682,824,014 HOMEOWNERS EXEMPTION $9,023,000 TOTAL * NET $673,801,014 UNSECURED VALUATION GROSS $3,144, BAKERSFIELD INSIDE NET $3,144,961 SECURED VALUATION GROSS $118,862,177 HOMEOWNERS EXEMPTION $2,086,000 BKFLD SCH 2006-A NET $116,776,177 BKFLD SCH 2006-B UNSECURED VALUATION GROSS $622,387 BKFLD SCH 2006-D NET $622,387 KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $43,162,081 HOMEOWNERS EXEMPTION $469,000 KERN HIGH RF NET $42,693,081 UNSECURED VALUATION GROSS $710,879 NET $710,879 TOTAL * BAKERSFIELD INSIDE GRNFLD RFND 90-B SECURED VALUATION GROSS $175,524,125 GREENFLD BD 90-C HOMEOWNERS EXEMPTION $3,619,000 GREENFLD 2002A NET $171,905,125 GREENFLD 2002B UNSECURED VALUATION GROSS $87,778 GREENFLD 2006A NET $87,778 BKFLD SCH 2006-A BKFLD SCH 2006-B KERN HIGH RF BKFLD SCH 2006-D TOTAL * KERN HIGH RF PAGE 15

24 BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,213, BAKERSFIELD INSIDE-LAMONT NET $1,213,208 KCWA ZN 7 DEBT KCWA ZN 7 DEBT LAMONT BD 99A BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D KERN HIGH RF KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-GENERAL SHA TOTAL * BAKERSFIELD INSIDE-LAMONT SECURED VALUATION GROSS $81,645 NET $81,645 LAMONT BD 99A KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-VINELAND SECURED VALUATION GROSS $596 NET $596 TOTAL * BAKERSFIELD INSIDE-LAMONT VINELAND SCH 07-A SECURED VALUATION GROSS $658 NET $658 KCWA ZN 7 DEBT KERN HIGH RF LAMONT BD 99A TOTAL * KERN HIGH RF TOTAL * PAGE 16

25 BAKERSFIELD INSIDE-FAIRFAX PANAMA - BUENA VISTA ANX KCWA ZN 7 DEBT TOTAL * PANAMA - BUENA VISTA ANX FAIRFAX 04A SECURED VALUATION GROSS $379,035,397 FAIRFAX SCH 2000A HOMEOWNERS EXEMPTION $3,948,000 FAIRFAX 2002A NET $375,087,397 FAIRFAX 10A UNSECURED VALUATION GROSS $312,586 NET $312,586 KCWA ZN 7 DEBT KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-FAIRFAX TOTAL * FAIRFAX 04A FAIRFAX SCH 2000A BAKERSFIELD INSIDE FAIRFAX 2002A SECURED VALUATION GROSS $5,144,372 FAIRFAX 10A NET $5,144,372 UNSECURED VALUATION GROSS $654,856 NET $654,856 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PANAMA - BUENA VISTA ANX SECURED VALUATION GROSS $165,983,874 HOMEOWNERS EXEMPTION $2,758,000 NET $163,225,874 KERN HIGH RF UNSECURED VALUATION GROSS $114,684 NET $114,684 KCWA ZN 7 DEBT TOTAL * KERN HIGH RF PAGE 17

26 PANAMA - BUENA VISTA PANAMA - BUENA VISTA SECURED VALUATION GROSS $556,105,154 HOMEOWNERS EXEMPTION $3,108,000 NET $552,997,154 UNSECURED VALUATION GROSS $28,216,417 NET $28,216,417 KERN HIGH RF KCWA ZN 7 DEBT PANAMA BV 2012-A TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $433 NET $433 KERN HIGH RF KCWA ZN 7 DEBT PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $3,080 NET $3,080 UNSECURED VALUATION GROSS $1,857,400 KERN HIGH RF NET $1,857,400 TOTAL * GRNFLD RFND 90-B GREENFLD BD 90-C BAKERSFIELD INSIDE GREENFLD 2002A SECURED VALUATION GROSS $6,626,472 GREENFLD 2002B NET $6,626,472 GREENFLD 2006A UNSECURED VALUATION GROSS $654,144 NET $654,144 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $498,224,745 HOMEOWNERS EXEMPTION $5,278,000 KERN HIGH RF NET $492,946,745 UNSECURED VALUATION GROSS $9,524,544 NET $9,524,544 TOTAL * KCWA ZN 7 DEBT PANAMA BV 2012-A PAGE 18

27 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $11,914,078 KERN HIGH RF HOMEOWNERS EXEMPTION $91,000 NET $11,823,078 UNSECURED VALUATION GROSS $106,353 NET $106,353 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE-BEARDSLEY SECURED VALUATION GROSS $2,896,750 HOMEOWNERS EXEMPTION $28,000 BKFLD SCH 2006-A NET $2,868,750 BKFLD SCH 2006-B UNSECURED VALUATION GROSS $21,708 BKFLD SCH 2006-D NET $21,708 KCWA ZN 7 DEBT BEARDSLEY 2000A KERN HIGH RF BEARDSLEY 2000B BEARDSLEY 2006A BEARDSLEY RF BEARDSLEY 2006B TOTAL * BAKERSFIELD INSIDE-STANDARD SECURED VALUATION GROSS $478 NET $478 KERN HIGH RF STANDARD BOND 06A STANDARD BOND 06B TOTAL * STANDARD BOND 12A BAKERSFIELD INSIDE-STANDARD SECURED VALUATION GROSS $890,834 NET $890,834 KCWA ZN 7 DEBT KERN HIGH RF STANDARD BOND 06A STANDARD BOND 06B TOTAL * STANDARD BOND 12A BAKERSFIELD INSIDE KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PAGE 19

28 BAKERSFIELD INSIDE-STANDARD BAKERSFIELD INSIDE-FRUITVALE KCWA ZN 7 DEBT STANDARD BOND 06A STANDARD BOND 06B STANDARD BOND 12A FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG KERN HIGH RF KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-R BRAVO-GRE TOTAL * SECURED VALUATION GROSS $164,502 NET $164, BAKERSFIELD INSIDE-ROSEDALE SECURED VALUATION GROSS $160,509,401 HOMEOWNERS EXEMPTION $3,367,000 NET $157,142,401 RIOBRV-GRLY RF96A UNSECURED VALUATION GROSS $1,772,694 RIOBRV-GRLY 1994B NET $1,772,694 RIOBRV-GRLY 2008A KERN HIGH RF KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-R BRAVO-GRE TOTAL * SECURED VALUATION GROSS $58,213 NET $58,213 RIOBRV-GRLY RF96A RIOBRV-GRLY 1994B RIOBRV-GRLY 2008A KERN HIGH RF TOTAL * PAGE 20

29 BAKERSFIELD INSIDE-FRUITVALE BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $102,361,535 GREENFLD BD 90-C HOMEOWNERS EXEMPTION $2,051,000 GREENFLD 2002A NET $100,310,535 GREENFLD 2002B UNSECURED VALUATION GROSS $262,346 GREENFLD 2006A NET $262,346 KCWA ZN 7 DEBT FRTVALE SCHL BOND KERN HIGH RF FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $46,869,306 KERN HIGH RF HOMEOWNERS EXEMPTION $651,000 NET $46,218,306 UNSECURED VALUATION GROSS $2,042,813 HOMEOWNERS EXEMPTION $2,639 TOTAL * NET $2,040, BAKERSFIELD INSIDE-GREENFIELD KCWA ZN 7 DEBT SECURED VALUATION GROSS $21,104,267 NET $21,104,267 UNSECURED VALUATION GROSS $2,186,733 PANAMA BV 2012-A NET $2,186,733 KCWA ZN 7 DEBT GRNFLD RFND 90-B KERN HIGH RF GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B GREENFLD 2006A TOTAL * KERN HIGH RF TOTAL * BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $15,043,631 HOMEOWNERS EXEMPTION $385,000 NET $14,658,631 GRNFLD RFND 90-B PAGE 21

30 BAKERSFIELD INSIDE BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,301,543 BKFLD SCH 2006-D HOMEOWNERS EXEMPTION $7,000 NET $1,294,543 UNSECURED VALUATION GROSS $3,327 NET $3,327 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B TOTAL * BKFLD SCH 2006-D BAKERSFIELD INSIDE SECURED VALUATION GROSS $3,850,753 HOMEOWNERS EXEMPTION $49,000 NET $3,801,753 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE SECURED VALUATION GROSS $977,643 NET $977,643 KCWA ZN 7 DEBT KERN HIGH RF BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE-R BRAVO GRE KERN HIGH RF RIOBRV-GRLY RF96A RIOBRV-GRLY 1994B RIOBRV-GRLY 2008A TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $12,070,229 HOMEOWNERS EXEMPTION $49,000 KERN HIGH RF NET $12,021,229 UNSECURED VALUATION GROSS $515,269 NET $515,269 TOTAL * KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B PAGE 22

31 BAKERSFIELD INSIDE-R BRAVO GRE BAKERSFIELD INSIDE KERN HIGH RF RIOBRV-GRLY RF96A RIOBRV-GRLY 1994B TOTAL * RIOBRV-GRLY 2008A BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $61,857,110 HOMEOWNERS EXEMPTION $1,197,000 NET $60,660,110 UNSECURED VALUATION GROSS $2,455,982 KERN HIGH RF NET $2,455,982 KCWA ZN 7 DEBT TOTAL * GRNFLD RFND 90-B BAKERSFIELD INSIDE GREENFLD BD 90-C SECURED VALUATION GROSS $484,393 GREENFLD 2002A NET $484,393 GREENFLD 2002B GREENFLD 2006A KCWA ZN 7 DEBT BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-GREENFIELD SECURED VALUATION GROSS $8,863 NET $8,863 TOTAL * BAKERSFIELD INSIDE GRNFLD RFND 90-B SECURED VALUATION GROSS $2,979,844 GREENFLD BD 90-C HOMEOWNERS EXEMPTION $84,000 GREENFLD 2002A NET $2,895,844 GREENFLD 2002B UNSECURED VALUATION GROSS $367,620 GREENFLD 2006A NET $367,620 KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * PAGE 23

32 BAKERSFIELD INSIDE-GREENFIELD BAKERSFIELD INSIDE SECURED VALUATION GROSS $108,144,004 BKFLD SCH 2006-B HOMEOWNERS EXEMPTION $3,080,000 BKFLD SCH 2006-D NET $105,064,004 UNSECURED VALUATION GROSS $76,168 NET $76,168 KERN HIGH RF GRNFLD RFND 90-B GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B TOTAL * GREENFLD 2006A BAKERSFIELD INSIDE SECURED VALUATION GROSS $8,378,741 HOMEOWNERS EXEMPTION $287,000 NET $8,091,741 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE-GREENFIELD UNSECURED VALUATION GROSS $10,081 NET $10,081 KERN HIGH RF GRNFLD RFND 90-B GREENFLD BD 90-C GREENFLD 2002A GREENFLD 2002B TOTAL * GREENFLD 2006A KERN HIGH RF TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $8,311,584 NET $8,311,584 UNSECURED VALUATION GROSS $718,665 NET $718,665 KCWA ZN 7 DEBT BKFLD SCH 2006-A PAGE 24

33 BAKERSFIELD INSIDE PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,658,538 HOMEOWNERS EXEMPTION $7,000 NET $1,651,538 KERN HIGH RF KCWA ZN 7 DEBT BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D PANAMA - BUENA VISTA KCWA ZN 7 DEBT PANAMA BV 2012-A KERN HIGH RF TOTAL * KERN HIGH RF BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $8,448,526 HOMEOWNERS EXEMPTION $175,000 NET $8,273,526 TOTAL * KCWA ZN 7 DEBT PANAMA - BUENA VISTA KCWA ZN 7 DEBT FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG PANAMA BV 2012-A KERN HIGH RF KERN HIGH RF TOTAL * TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $39,193,925 HOMEOWNERS EXEMPTION $679,000 NET $38,514,925 UNSECURED VALUATION GROSS $72,000 NET $72,000 KCWA ZN 7 DEBT PANAMA BV 2012-A PAGE 25

34 PANAMA - BUENA VISTA BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $251,674,111 HOMEOWNERS EXEMPTION $4,725,000 NET $246,949,111 UNSECURED VALUATION GROSS $2,350,629 KERN HIGH RF NET $2,350,629 TOTAL * PANAMA BV 2012-A BAKERSFIELD INSIDE SECURED VALUATION GROSS $33,143,029 HOMEOWNERS EXEMPTION $322,000 NET $32,821,029 UNSECURED VALUATION GROSS $61,195 KERN HIGH RF NET $61,195 KCWA ZN 7 DEBT TOTAL * BKFLD SCH 2006-A BAKERSFIELD INSIDE-LAKESIDE BKFLD SCH 2006-B SECURED VALUATION GROSS $11,736,592 BKFLD SCH 2006-D NET $11,736,592 UNSECURED VALUATION GROSS $1,795,661 NET $1,795,661 KERN HIGH RF LAKESIDE SCH 08-A LAKESIDE SCH 08-B TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $89,916,395 KERN HIGH RF HOMEOWNERS EXEMPTION $2,212,000 NET $87,704,395 UNSECURED VALUATION GROSS $204,950 NET $204,950 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $58,730,301 HOMEOWNERS EXEMPTION $371,000 PANAMA BV 2012-A NET $58,359,301 UNSECURED VALUATION GROSS $5,674,936 NET $5,674,936 KCWA ZN 7 DEBT KERN HIGH RF FRTVALE SCHL BOND FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * PAGE 26

35 PANAMA - BUENA VISTA BAKERSFIELD INSIDE SECURED VALUATION GROSS $124,187,689 HOMEOWNERS EXEMPTION $1,190,000 KERN HIGH RF NET $122,997,689 UNSECURED VALUATION GROSS $37,645 NET $37,645 TOTAL * KCWA ZN 7 DEBT BAKERSFIELD INSIDE SECURED VALUATION GROSS $743,459 PANAMA BV 2012-A NET $743,459 KCWA ZN 7 DEBT BKFLD SCH 2006-A KERN HIGH RF BKFLD SCH 2006-B BKFLD SCH 2006-D TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $1,621,421 KERN HIGH RF HOMEOWNERS EXEMPTION $28,000 NET $1,593,421 BKFLD SCH 2006-A TOTAL * BKFLD SCH 2006-B BKFLD SCH 2006-D BAKERSFIELD INSIDE-FRUITVALE KCWA ZN 7 DEBT FRTVALE SCHL BOND KERN HIGH RF FRTVALE SCHL BOND FRTVALE 2011 RFDG TOTAL * BAKERSFIELD INSIDE SECURED VALUATION GROSS $13,817,574 KERN HIGH RF HOMEOWNERS EXEMPTION $161,000 NET $13,656,574 UNSECURED VALUATION GROSS $28,000 NET $28,000 TOTAL * BKFLD SCH 2006-A BKFLD SCH 2006-B BKFLD SCH 2006-D PAGE 27

36 BAKERSFIELD INSIDE-FRUITVALE BAKERSFIELD INSIDE-FRUITVALE SECURED VALUATION GROSS $3,845,583 NET $3,845,583 TOTAL * KCWA ZN 7 DEBT PANAMA - BUENA VISTA SECURED VALUATION GROSS $65,610,598 FRTVALE SCHL BOND HOMEOWNERS EXEMPTION $2,548,000 FRTVALE SCHL BOND NET $63,062,598 FRTVALE 2011 RFDG UNSECURED VALUATION GROSS $336,900 NET $336,900 KCWA ZN 7 DEBT KERN HIGH RF PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE-FRUITVALE KERN HIGH RF SECURED VALUATION GROSS $3,841,393 NET $3,841,393 KCWA ZN 7 DEBT TOTAL * PANAMA - BUENA VISTA FRTVALE SCHL BOND SECURED VALUATION GROSS $50,347,592 FRTVALE SCHL BOND HOMEOWNERS EXEMPTION $1,358,000 FRTVALE 2011 RFDG NET $48,989,592 UNSECURED VALUATION GROSS $30,540 NET $30,540 KCWA ZN 7 DEBT KERN HIGH RF PANAMA BV 2012-A TOTAL * BAKERSFIELD INSIDE-FRUITVALE KERN HIGH RF KCWA ZN 7 DEBT FRTVALE SCHL BOND TOTAL * FRTVALE SCHL BOND FRTVALE 2011 RFDG KERN HIGH RF PAGE 28

37 PANAMA - BUENA VISTA PANAMA - BUENA VISTA SECURED VALUATION GROSS $9,976,178 TOTAL * HOMEOWNERS EXEMPTION $294,000 NET $9,682, PANAMA - BUENA VISTA SECURED VALUATION GROSS $750,261 KCWA ZN 7 DEBT HOMEOWNERS EXEMPTION $21,000 NET $729,261 PANAMA BV 2012-A KCWA ZN 7 DEBT PANAMA BV 2012-A KERN HIGH RF KERN HIGH RF TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $39,583,144 TOTAL * HOMEOWNERS EXEMPTION $1,078,000 NET $38,505, PANAMA - BUENA VISTA SECURED VALUATION GROSS $242 KCWA ZN 7 DEBT NET $242 KCWA ZN 7 DEBT PANAMA BV 2012-A PANAMA BV 2012-A KERN HIGH RF KERN HIGH RF TOTAL * PANAMA - BUENA VISTA TOTAL * SECURED VALUATION GROSS $1,977 NET $1,977 KCWA ZN 7 DEBT PANAMA BV 2012-A KERN HIGH RF PAGE 29

38 PANAMA - BUENA VISTA PANAMA - BUENA VISTA SECURED VALUATION GROSS $1,405,652 HOMEOWNERS EXEMPTION $21,000 NET $1,384,652 UNSECURED VALUATION GROSS $160,247 KERN HIGH RF NET $160,247 KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PANAMA - BUENA VISTA SECURED VALUATION GROSS $77,675,453 HOMEOWNERS EXEMPTION $1,491,000 NET $76,184,453 UNSECURED VALUATION GROSS $135,485 NET $135,485 KERN HIGH RF KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PANAMA - BUENA VISTA SECURED VALUATION GROSS $238,985,863 HOMEOWNERS EXEMPTION $5,068,000 NET $233,917,863 UNSECURED VALUATION GROSS $136,300 KERN HIGH RF NET $136,300 KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PANAMA - BUENA VISTA SECURED VALUATION GROSS $81,339,030 HOMEOWNERS EXEMPTION $1,799,000 NET $79,540,030 UNSECURED VALUATION GROSS $121,690 NET $121,690 KERN HIGH RF KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PANAMA - BUENA VISTA SECURED VALUATION GROSS $52,588,235 HOMEOWNERS EXEMPTION $1,001,000 NET $51,587,235 UNSECURED VALUATION GROSS $32,900 KERN HIGH RF NET $32,900 KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PAGE 30

39 PANAMA - BUENA VISTA PANAMA - BUENA VISTA SECURED VALUATION GROSS $52,731,737 HOMEOWNERS EXEMPTION $945,000 NET $51,786,737 UNSECURED VALUATION GROSS $34,600 KERN HIGH RF NET $34,600 KCWA ZN 7 DEBT TOTAL * PANAMA BV 2012-A PANAMA - BUENA VISTA SECURED VALUATION GROSS $75,132,541 HOMEOWNERS EXEMPTION $455,000 NET $74,677,541 KCWA ZN 7 DEBT KERN HIGH RF PANAMA BV 2012-A TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $60,039,227 HOMEOWNERS EXEMPTION $854,000 KERN HIGH RF NET $59,185,227 UNSECURED VALUATION GROSS $91,500 NET $91,500 TOTAL * KCWA ZN 7 DEBT PANAMA - BUENA VISTA SECURED VALUATION GROSS $10,829,866 PANAMA BV 2012-A HOMEOWNERS EXEMPTION $280,000 NET $10,549,866 UNSECURED VALUATION GROSS $29,300 NET $29,300 KCWA ZN 7 DEBT KERN HIGH RF PANAMA BV 2012-A TOTAL * PANAMA - BUENA VISTA SECURED VALUATION GROSS $140,545,376 HOMEOWNERS EXEMPTION $1,631,000 KERN HIGH RF NET $138,914,376 UNSECURED VALUATION GROSS $362,995 NET $362,995 TOTAL * KCWA ZN 7 DEBT PANAMA BV 2012-A PAGE 31