2018 ANNUAL REPORT 13 DISTRIBUTION OF VALUES BY PROPERTY TYPE(1) (1) All values are exclusive of exemptions (real estate and homeowners’ exemptions) and public utilities. (2) Business inventory became 100% exempt. Percent of Value Roll Value Value Value Value Year Percent of Value Percent of Value (Net Value in Billions) Single-Family Residential Residential Income Commercial-Industrial 1975 $ 83.2 $ 33.2 39.9% $ 11.2 13.5% $ 38.8 46.6% 1980(2) $ 150.0 $ 71.2 47.5% $ 22.8 15.2% $ 56.0 37.3% 1985 $ 245.2 $ 115.7 47.2% $ 32.7 13.3% $ 96.8 39.5% 1990 $ 412.8 $ 200.3 48.5% $ 57.5 13.9% $ 155.0 37.6% 1995 $ 486.8 $ 251.1 51.6% $ 64.4 13.2% $ 171.3 35.2% 2000 $ 569.6 $ 306.6 53.8% $ 70.5 12.4% $ 192.5 33.8% 2005 $ 823.7 $ 469.8 57.0% $ 106.5 12.9% $ 247.4 30.1% 2010 $ 1,042.3 $ 583.3 56.0% $ 137.9 13.2% $ 321.1 30.8% 2015 $ 1,264.9 $ 727.8 57.6% $ 166.2 13.1% $ 370.9 29.3% 2018 $ 1,509.9 $ 869.8 57.6% $ 203.3 13.5% $ 436.8 28.9% Value(1) MEDIAN SINGLE-FAMILY RESIDENTIAL ASSESSED VALUE (1) Median assessed value of properties that have transferred ownership between January 1 and December 31. $200,000 $400,000 $600,000 $0 2016 $507,000 2011 $305,000 2012 $323,000 2013 $399,000 2014 $440,000 2015 $470,000 2017 $550,000 Number of deeds represents calendar year activity (January 1 through December 31) TOTAL NUMBER OF RECORDED DEEDS Total Reappraisable Deeds 200,000 400,000 600,000 0 2016 2011 148,900 405,300 430,700 399,500 346,500 368,900 376,700 390,700 2012 2013 2014 2015 2017 146,400 141,000 128,200 127,600 125,900 126,200