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LA County Property Valued at $1.76 Trillion for 2021
Jul. 19, 2021 at 1:00 pm
4 hours agobriefs
Los Angeles County Assessor Jeff Prang certified the 2021 Assessment Roll, reflecting economic growth for the 11th consecutive year with an increase in the assessed value of taxable property countywide.
The 2021 Assessment Roll (Roll) grew by $62.9 billion (or 3.7%) over the prior year to $1.76 trillion in total net value. While this overall value indicates growth, the total also reflects a reduction of $5.5 billion in business personal property, which includes machinery, equipment, boats and aircraft.
The reduction reflects the impact of the COVID-19 pandemic on the local economy. To recognize the impact specifically on small businesses, about 73,000 personal property assessments were proactively reduced in the hardest-hit areas.
Steve-whitmoreJeff-prangLos-angeles-county-assessor-jeff-prangLos-angeles-countyAssessment-rollஸ்டீவ்-விட்மோர்லாஸ்-ஏஞ்சல்ஸ்-கவுண்டிமதிப்பீடு-ரோல்Los Angeles County 2021 Property Valued At $1.76 Trillion By Assessor
Los Angeles County Assessor Jeff Prang has certified the 2021 property tax assessment roll, which represents growth for the 11th consecutive year in real estate and business property values across Los Angeles County, including Santa Clarita
The tax roll grew by a record 62.9 billion (or 3.7 percent) higher than 2020 to $1.76 trillion in total net value, according to Prang.
“I am pleased to report that the 3.7 percent increase in assessed property values in Los Angeles County represents the 11th year of consecutive growth,” Prang said. “We continue to improve our ability to produce a fair, accurate, and timely Assessment Roll, which is aided in large measure by new, enhanced technology.”
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