Page 36 - FY 2020-21 Revenue Outlook

Property Tax

Change in Countywide Roll Due to Inflation Adjustments
(Billion Dollars)
35
$31.0
30 $28.7
$26.6
$24.6
25
$20.7
$19.3
20
$17.5 $17.2 $17.4
$15.6 $15.3 $15.1
15 $14.0
$11.1 $11.7
$10.1
10 $8.2 $9.1
$6.1
$4.5
5

0

$(2.1)
(5)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
est
Assessment Year

The Assessor has not provided a preliminary estimate for inflation related changes to property tax for the 2020 tax roll. Growth in this category is capped
at 2 percent by Proposition 13. When inflation is low, as measured by the consumer price index, the full two-percent adjustment will not be made. For
the 2020 tax year, it is assumed that the full adjustment will be assessed as indicated by the consumer price index for the western region which has been
above 2 percent since the third quarter of 2016.

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