Parcel taxes are applied uniformly across all parcels in Orinda. There are about 7,500 parcels in Orinda of which about 6,700 are homes. A new parcel tax must be approved by 2/3rds of all voters. Every property owner pays the same tax regardless of property value; assessed or market. Special rates can be adopted for "special use" properties (commercial; retail; multi-unit residential; etc.)
A $530 ($1.50 per day) Parcel Tax would generate $4,000,000 per year. If this was increased by inflation (2.5%) each year starting in 2017 and continued for 25 years, this would fund all needed repairs ($45 million more that there are currently funds for) and adequate maintenance through 2041.
If the Parcel Tax was coupled with a extension of the existing sales tax, the tax could be reduced to $440 per parcel.
Currently Orinda property owners pay $11 million annually in parcel taxes ($1,500 per home) in addition to $64 million in ad valorem property taxes (based on assessed values) and $18 million in sales taxes.
A parcel tax requires a 2/3 majority of the voters to pass.
Note: A spreadsheet of funding option projections is available