TEETER 101. Paul McDonnell April 23, 2009. Teeter Defined. Teeter is a method for distributing taxes which guarantees that participating agencies receive 100% of levied taxes as opposed to the actual amount of taxes collected.
April 23, 2009
1. Estimated. Includes 10% penalty and 24 months of interest at 1.5% per month per California Law. 2. Set aside is a function of tax sale experience.
3. Represents average cost of funds on Teeter Notes.