Assessing the Market: What’s up with Los Angeles Property Values?

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Fueled by an increase in home sales, the assessed value of all taxable property in Los Angeles County rose 6.13 percent in 2015 — the largest jump since 2010 — the county assessor reported Thursday.

Assessor Jeffrey Prang released the 2015 Assessment Roll, which showed the county’s taxable properties were valued at a net total of $1.264 trillion, a $73.1 billion increase from last year.

“The 2015 Assessment Roll provides a comprehensive view of the strength of the Los Angeles real estate market,” Prang said. “The roll illustrates that in the last year, every city in Los Angeles County recorded an increase compared to 2014.”

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

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