Page 33 - FY 2020-21 Revenue Outlook

Property Tax

Factors Causing Valuation Changes in Countywide Assessment Roll for Years 2016 through 2019
Estimate for Change in Countywide Valuations for 2020

(Million Dollars)

County Property Tax Period 2016 2017 2018 2019 2020
Corresponding City Fiscal Year FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Actual Actual Actual Actual Estimate
FOR COUNTY OF LOS ANGELES
Prior Year Local Roll Before
Exemptions $1,320,667 $1,390,917 $1,473,759 $1,569,698 $1,666,339
Properties Sold / Transferred $39,254 $43,513 $47,631 $48,336 $51,000

Inflation Adjustment / Prop 13 17,417 24,561 26,616 28,744 31,000

New Construction 6,789 7,655 11,041 11,087 11,100

Business Property & Fixtures 1,799 1,328 4,533 3,915 4,000

Other Valuations (1,775) 492 821 3,116 3,000

Proposition 8 Changes and other 6,767 5,293 5,297 1,443 1,500
Adjustments
Subtotal 70,251 82,842 95,939 96,641 101,600

Gross Local Roll $1,390,917 $1,473,759 $1,569,698 $1,666,339 $1,767,939
% change from prior year 5.3% 6.0% 6.5% 6.2% 6.1%

Exemptions 55,392 57,635 59,811 62,043 63,000
County Net Local Roll. $1,335,525 $1,416,124 $1,509,888 $1,604,296 $1,704,939
% change from prior year 5.6% 6.0% 6.6% 6.3% 6.3%
FOR CITY OF LOS ANGELES
NET LOCAL ROLL
% change from prior year 6.5% 6.6% 7.7% 6.8% 6.6%
Change in the City roll typically parallels change in the County roll. In prior fiscal years, the County Assessor provided a preliminary forecast
concerning growth assumptions for the inflation adjustment, value changes in personal property and fixtures, and restoration of assessed values for
previous decline-in-value adjustments. As this estimate is no longer provided, 2020-21 assumes 6.3 percent growth in Countywide assessed
valuations with individual component growth extrapolated from prior year values. City valuaton assumes higher growth of 6.6 percent.

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