Beverly Hills Real Estate on the Rise
Property values are going up in Los Angeles County, according to the Assessor’s Office, which announced today a 2.24 percent jump in the total assessed value of properties on the tax roll.
The total assessment of properties in the county is more than $1.13 trillion, a $24.8 billion jump over last year, according to the Assessor’s Office. When tax-exempt assessments and state-funded homeowners’ exemptions are factored in, the county’s net assessment roll is $1.079 trillion, up 2.2 percent from last year.
Not surprisingly, the city of Los Angeles has the highest assessed value in the county at $419.1 billion — up 2.5 percent from last year. Long Beach placed second at $44.1 billion.
Beverly Hills had the highest year-to-year jump in valuation, up 6.5 percent. Other cities with sizable jumps in assessed value were Rolling Hills at 6 percent, Bradbury at 5 percent and San Marino at 4.9 percent.