2006 Annual Report - Los Angeles County Assessor

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Four-Year Comparison Of Factors Causing Valuation Changes(Values in Billions)2003 20042005 2006Local Roll Value $ 725.723 $ 781.008 $ 855.805 $ 949.756Less All Exemptions 29.937 31.852 32.058 36.183Net Local Roll ValueChanges From Prior Year:Properties Sold/Transferred $ 26.972 $ 36.717 $ 54.179 $ 64.842Inflation Adjustment/Proposition 13 11.132 11.741 13.979 15.649New Construction 4.269 5.548 5.598 7.322Business Personal Property and Fixtures 0.817 -1.603 -1.134 4.097Other Valuations 1.975 0.653 0.927 1.588Proposition 8 Changes 4.696 2.229 1.248 0.453and Other AdjustmentsSubtotal $ 49.861 $ 55.285 $ 74.797 $ 93.951Escape Assessments for Prior Years 5.786 4.994 8.132 7.753Total Changes$ 695.786 $ 749.156 $ 823.747 $ 913.573$ 55.647 $ 60.279 $ 82.929 $ 101.704Proposition 13Passed by California voters in June 1978, Proposition 13 is a constitutional amendmentthat limits the tax rate on property and creates a procedure for establishing the currenttaxable value of locally assessed property.5
2006 Assessed Valuation - LOS ANGELES COUNTYAmount ofPercentValuations (1) 2005 2006 Change ChangeLand $ 412,117,879,303 $ 471,693,405,630Buildings and Structures $ 382,971,222,542 $ 413,249,562,045Business Personal Property $ 60,715,890,443 $ 64,812,663,184Gross Total $ 855,804,992,288 $ 949,755,630,859 $ 93,950,638,571 11.0%Less ExemptionsChurch, Welfare, etc. (2) $ 24,021,028,827 $ 28,181,443,937Revenue-ProducingValuations $ 831,783,963,461 $ 921,574,186,922 $ 89,790,223,461 10.8%Homeowners’ Exemptions (3) $ 8,037,208,227 $ 8,001,348,631Net Total Revenue-ProducingValuations (4) $ 823,746,755,234 $ 913,572,838,291 $ 89,826,083,057 10.9%2006 Allocation of Total ParcelsSingle-Family Residential Commercial- TotalResidential Parcels Income Parcels Industrial Parcels Parcels1,819,729 244,490 252,6252,316,844Business Assessments: Personal Property & Fixtures 300,249Total2,617,093(1) The assessed values do not include Board of Equalization valued properties.(2) Exemptions not reimbursed to local governments by the State of California.(3) Exemptions reimbursed to local governments by the State of California.(4) Valuations on which revenue is collected by Los Angeles County.6
Page 2 and 3: Mission StatementTo create an accur
Page 4 and 5: Community Organizations Committee T
Page 8 and 9: 2006 Assessed Valuation - Los Angel
Page 10 and 11: the 20 Highest-Valued Cities2006 As
Page 12 and 13: CITIES WITH THE GREATEST PERCENT CH
Page 14 and 15: 2006 Assessed Values For Cities and
Page 16 and 17: 2006 Assessed Values For Cities and
Page 18 and 19: Total LOCAL Roll *Value(in billions
Page 20 and 21: assessment appealsFilings Per Year
Page 22 and 23: DEPARTMENTAL AND EMPLOYEE AWARDSEmp
Page 24: POPULATIONWhat a Difference 50 year

2006 Annual Report - Los Angeles County Assessor

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