Page 30 - FY 2022-23 Revenue Outlook

Billion Dollars

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

22 est
4.8%
21 year, corresponding to growth in
4.0%
20
6.6%
19 18 17
6.8%
City Valuation (Billion Dollars) 6.5% 7.2% 6.0% 5.1% 16 15 14 13
7.7%
6.6%

City of Los Angeles - 2.5% 1.3% -2.3% -0.1% 12 11 10 09 assumed growth of 5.8 percent. The County Assessor subsequently reported 4.0 percent growth for the City after reducing unsecured

Property Tax 7.9% 9.9% 11.0% 9.9% 08 07 06 05 Assessment Year Assessed value (AV) includes net revenue producing valuations for secured and unsecured property. The property tax estimate for fiscal year 2021-22 for the property tax receipts for fiscal year 2022-23 for the City, assumes the full CPI adjustment on secured property, stable growth from reassessments, and slowing, 18

Change in Assessed Value - City Assessed Value Percent Change 7.9% 7.8% 6.2% 7.1% 7.0% 04 03 02 01 00 property valuation by $2.3 billion from the previous tax year. Growth of 4.8 percent in assessed value for the 2022 property tax

6.9%
2.8%

0.0%
96 99 98 97
-1.3%
95
-4.4%
94 but positive growth in unsecured receipts.
0.4%
93
1.5%
92 City of Los Angeles
6.0%
20% 15% 10% 5% 0% Percent Annual Change -5% -10%