Page 29 - FY 2021--22 Revenue Outlook

Billion Dollars

800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0

21 est
5.9%
20
6.6%
19
6.8%
18 17 16
7.7%
City Valuation (Billion Dollars) 7.2% 6.0% 5.1% 2.5% 15 14 13 12 the County Assessor's 2020 Annual Report. Actual receipts have been lower.
6.6%
6.5%

City of Los Angeles 1.3% 7.9% -2.3% -0.1% 11 10 09 08

Property Tax 9.9% 11.0% 9.9% 7.9% 07 06 05 04 Assessment Year Assessed value includes net revenue producing valuations for secured and unsecured property. The property tax estimate for fiscal year 2020-21 for the City of Estimated growth of 5.9 percent in assessed value for the 2021 property tax year, corresponding to growth in property tax receipts for fiscal year 2021-22 for the 20

Change in Assessed Value - City Assessed Value Percent Change 7.8% 6.2% 7.1% 7.0% 6.9% 03 02 01 00 99 assumed growth of 6.6 percent, which was subsequently affirmed in City, are based on slowing growth in assessed value, as well as the lower growth seen during periods of low inflation.

2.8%
0.0%

-1.3%
95 98 97 96
-4.4%
94
0.4%
93
1.5%
92
6.0%
91
9.2%
20% 15% 10% 5% 0% Percent Annual Change -5% -10% Los Angeles