2020-21 California Consumer Price Index
STATE OF CALIFORNIA
STATE BOARD OF EQUALIZATION
PROPERTY TAX DEPARTMENT
450 N STREET, SACRAMENTO, CALIFORNIA PO BOX 942879, SACRAMENTO, CALIFORNIA 94279-0064 1-916-274-3350 FAX 1-916-285-0134
boe.
December 27, 2019
TED GAINES First District, Sacramento
MALIA M. COHEN, CHAIR Second District, San Francisco
ANTONIO VAZQUEZ, VICE CHAIR Third District, Santa Monica
MIKE SCHAEFER Fourth District, San Diego
BETTY T. YEE State Controller
_______
BRENDA FLEMING Executive Director
No. 2019/050
TO COUNTY ASSESSORS:
2020-21 CALIFORNIA CONSUMER PRICE INDEX
Revenue and Taxation Code section 51 provides that base year values determined under section 110.1 shall be compounded annually by an inflation factor, not to exceed 2 percent. Section 51(a)(1)(C) provides that for any assessment year commencing on or after January 1, 1998, the inflation factor shall be the percentage change, rounded to the nearest one-thousandth of 1 percent, from October of the prior fiscal year to October of the current fiscal year in the California Consumer Price Index (CCPI) for all items, as determined by the California Department of Industrial Relations.
Information from the Department of Industrial Relations shows that the CCPI increased from 275.686 in October 2018 to 283.901 in October 2019. Rounded to the nearest one-thousandth of 1 percent, this is an increase of 2.980 percent.
Accordingly, please prepare your 2020 assessment roll using an inflation factor of 1.02.
A list of the final inflation factors announced for current and prior years is enclosed. If you have any questions, please contact our County-Assessed Properties Division at 1-916-274-3350.
Sincerely,
/s/ David Yeung
David Yeung Deputy Director Property Tax Department
DY:gs Enclosure
FINAL INFLATION FACTORS FOR CURRENT AND PRIOR YEARS
Year
1976-77 1977-78 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
CCPI % Change
6.25 7.17 8.23 9.83 17.32 7.13 11.14 1.00 5.00 5.10 4.40 2.10 5.16 4.73 4.76 6.40 3.04 3.44 2.31 1.19 1.11 2.40 2.08 1.85 3.21 4.17 3.22 2.46 1.87 3.67 4.60 2.27 3.38 3.48 -0.24 0.75 2.89 3.08 0.454 1.998 1.525
Base Year Value Change1
2% 2% 2% 2% 2% 2% 2% 1% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 1.19% 1.11% 2% 2% 1.85% 2% 2% 2% 2% 1.87% 2% 2% 2% 2% 2% -0.24% 0.75% 2% 2% 0.45% 2.00% 1.53%
Factor
1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.01 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.0119 1.0111 1.02 1.02 1.01853 1.02 1.02 1.02 1.02 1.01867 1.02 1.02 1.02 1.02 1.02 0.99763 1.00753 1.02 1.02 1.00454 1.01998 1.01525
Year
2017-18 2018-19 2019-20 2020-21
CCPI % Change
2.619 2.962 3.847 2.980
Base Year Value Change
2% 2% 2% 2%
Factor
1.02 1.02 1.02 1.02
1 Increase to base year value is limited to 2 percent pursuant to California Constitution, article XIII A, section 2(b).
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