Page 33 - FY 2022-23 Revenue Outlook
P. 33
2022 est
$-
$1.2 2021
$0.2 2020
$1.4 2019
$5.3 2018
$5.3 2017
$6.8 2016
$9.3 2015
$21.8 2014
$10.4 2013
Property Tax Change in Countywide Roll Due to Proposition 8 Adjustments (Billion Dollars) $(4.9) $(10.5) 2012 2011 Assessment Year Proposition 8 changes include temporary decline-in-value adjustments made for current market value conditions or Assessment Appeals Board findings for prior tax year valuations, as well as restoration-in-value adjustments made after market conditions recover. Between 2004 and 2007, restorations and declines in value nearly offset
$(24.3)
$(44.5) 2010 2009 restoration-in-value adjustments are assumed to be a negligible component of estimated Countywide growth.
$(11.0) 2008
$(0.3) 2007
$0.5 2006
$1.2 2005
$2.2 2004
$4.7 2003
$4.8 2002
30 20 10 0 (10) (20) (30) (40) (50)
