The Benson House in Pasadena (Photo – Staff)
Los Angeles County Assessor Jeff Prang announced the 2024 Assessment Roll has increased by 4.85% over last year, marking 14 years of continuous growth, as well as breaking the $2 trillion mark in net total value for the first time.
By News Desk
The 2024 Assessment Roll’s growth translates to a record $2.094 trillion in total net value that will put more than $20 billion property tax dollars towards public services such as public education, first responders and healthcare workers, as well as other County services.
Roll Establishes Property Value
The Assessor establishes the assessed value of all taxable property in Los Angeles County each year as required by the State Constitution. Simply put, the Assessment Roll is the list of all taxable properties and their values on January 1.
The 2024 Assessment Roll consists of 2,395,924 taxable real property parcels, 163,565 business property assessments, 32,685 boats, and 3,033 aircraft.
MSP
Home median sales prices (MSP) remained strong, reaching a high of over $900,000. Property transfers (i.e., buying and selling) are anticipated to be the largest contributor to the 2024 Assessment Roll, adding more than $53 billion.
To view the 2024 Assessed Values, go to this link.
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