For Immediate Release Redwood City — The Property Tax Highlights publication for fiscal year 2016-17 released today shows that the total annual countywide tax levy was $2.4 billion — $163.2 million more than the prior year. Although the increase in revenues is part of a multi-year positive trend, County Controller Juan Raigoza explained that local government agencies’ operating costs, which are largely impacted by the cost of doing business in the San Francisco Bay Area, have also increased in recent years.