This measure exceeded its FY 2017 target of 35%. The City's valuation mix is well-balanced with 36% of the total valuation in commercial property. The ability of the City to maintain a good balance between residential and commercial valuation helps reduce the property tax burden for residents.

It is important to note that the anticipated impact on this measure following the annexation of Greatwood and New Territory is a decline in commercial assessed valuation as a percentage of the City's tax roll. This decline is due to the fact that both Greatwood and New Territory have high residential land use of more than 90% of their existing tax roll. To account for this, the FY2018 target has been updated to 31%. Actual figures for FY2018 will be available in the fourth quarter upon receipt of the certified tax rolls.