Page 31 - FY 2020-21 Revenue Outlook

Property Tax

Change in Assessed Value - City of Los Angeles
City Assessed Value % Change City Valuation ($ Billions)
20% 750

700
650
15%
600
Percent Annual Change 5% 450 Billion Dollars
550
10%
500

400
350
11.1%
300
0.4%
9.2%
6.0%
1.5%
0%
-4.4% -1.3% 0.0% 2.8% 6.9% 7.0% 7.1% 6.2% 7.8% 7.9% 9.9% 11.0% 9.9% 7.9% -0.1% -2.3% 1.3% 2.5% 5.1% 6.0% 7.2% 6.5% 6.6% 7.7% 6.8% 6.6% 250
200
150
-5%
100
50

-10% 0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20

Assessment Year est
Assessed value includes net revenue producing valuations for secured and unsecured property. The property tax estimate for fiscal year 2019-20 assumed
growth of 6.2 percent, while growth in assessed value of 6.8 percent was subsequently reported for the City of Los Angeles in the County Assessor's 2019
Annual Report. Estimated growth of 6.6 percent in assessed value for the 2020 property tax year and corresponding growth in property tax receipts for fiscal year
2020-21 are based on prior year growth.

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