Crazy LA Real Estate Market Leads To Record

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Real Estate

Crazy Los Angeles Real Estate Market Leads To Record $1.76 Trillion Assessed Value

According to the Los Angeles County Assessor, the annual property tax Assessment Roll has been completed leading to 3.7% growth during an unprecedented year in the Los Angeles real estate market. In plain English, the new Los Angeles property tax roll will be assessed on the new value of $1.76 trillion. Without the help of Prop 13, Prop 19, and Prop 60, which help limit increases in assessed values and property taxes in California, this property tax roll number could be even high.

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Source: Forbes