TABLE OF CONTENTS 2 LOS ANGELES COUNTY OFFICE OF THE ASSESSOR 04 Assessor’s Message 06 Understanding How the Property Tax System Works 10 2018 Assessment Roll Highlights 14 Understanding Decline-in-Value 15 Reduction of Assessment Appeals 16 Assessed Values for the County and Cities 22 Public Outreach and Education 26 We are Leading the Way in Technology 28 We are L.A. County 30 Leadership 31 Meet Assessor Jeff Prang 32 Important Dates 34 Tax-Saving Programs