12 LOS ANGELES COUNTY OFFICE OF THE ASSESSOR THE BREAKDOWN: 2018 ASSESSMENT ROLL VALUATION CHANGE INDICATORS (1) Does not include public utility assessments which are determined by the Board of Equalization. (2) Special Property Use Types comprises properties of various use including possessory interest, oil, water rights, and miscellaneous valuations. (3) Assessment roll changes to prior years before all exemptions. Current Roll Value Change 2017 2018 $ Change % Change Local Roll Value Before Exemptions $1,473,759,940,499 $1,569,698,852,056 $95,938,911,557 6.51% Less All Exemptions 57,634,567,510 59,810,665,448 Net Local Roll Value(1) $1,416,125,372,989 $1,509,888,186,608 $93,762,813,619 6.62% 0.7% 9.49% 22.88% 40.95% 17.53% 3.9% 4.55% Decline-in-Value and Other Adjustments $5,296,983,838 Business Personal Property and Fixtures $4,532,978,540 Special Property Use Types (2) $820,658,913 New Construction $11,040,962,972 Changes to Prior Years (3) $20,390,261,207 Properties Sold/Transferred $47,630,987,003 Inflation Adjustment/ Proposition 13 $26,616,340,291