header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
March 19
1875, 1:35PM - Outlaw Tiburcio Vasquez hanged in San Jose [story]
Tiburcio Vasquez


| Monday, Jul 15, 2019
An aerial view of The Center at Needham Ranch construction site on June 14, 2018. Photo: Stephen K. Peeples. property values
An aerial view of The Center at Needham Ranch construction site on June 14, 2018. Photo: Stephen K. Peeples.

 

After Los Angeles and Long Beach, Santa Clarita experienced the most growth in real estate and business property values of all 88 Los Angeles County cities, according to the 2019 Assessment Roll certified by County Assessor Jeff Prang and released Monday.

Santa Clarita’s 2019 assessed values are $35,170,533,778 compared to $32,621,351,858 in 2018, an increase of $2,549,181,920, or 7.8%.

There are 62,331 single-family residential parcels, 491 residential income properties and 4,678 commercial-industrial parcels in Santa Clarita, for a total of 67,500.

The 2019 Assessment Roll represents record growth and new all-time highs in real estate and business property values across the county.

New records also include total tax savings for homeowners and charitable organizations.

The roll grew by a record $94.41 billion (or 6.25%) over the prior year to an all-time high of $1.604 trillion in total net value.

In addition to the values of the county’s 2.38 million real estate parcels, this total amount includes $84.8 billion in business property (e.g. boats, aircraft, machinery, equipment), which rose by $3.9 billion from 2018 and is itself a new record.

“The strong growth in the local real estate market for the ninth consecutive year will have a positive impact on services for LA County’s 10 million residents,” Prang said.

“From education, healthcare, and mental health services, to public safety, transportation, and alleviating the homeless crisis, our schools, cities, and county programs will have approximately an additional $1 billion for vital local public services,” he said.

Leading indicators for the growth in the local property assessment roll are: a) property sales, which added $48.34 billion to the roll as compared to 2018; b) the CPI adjustment prescribed by Proposition 13, which added another $28.74 billion; and c) new construction, which added a further $11.09 billion.

Among the greatest single additions to the roll are $1.95 billion for the partially complete construction of the Rams/Chargers stadium in Inglewood and $200 million for the Banc of California Stadium in the city of Los Angeles.

The 6.25% overall growth in property values reflects a county average, as there is substantial variation from one community to another. For instance, the total value of all assessments in Inglewood rose by 25.7% due in large part to the new NFL stadium, whereas communities without comparable construction or sales activity saw significantly lower growth rates.

Prang reminded residents that the average growth does not mean property owners will be subject to a corresponding increase on their annual property tax bills. Nearly 9 out of 10 property owners will see only the modest 2% adjustment prescribed by Proposition 13.

Among the benchmarks set by the 2019 roll is the total amount of $620 million in tax savings for seniors, veterans, and charitable organizations.

Additionally, to date, the owners of 1,328 properties that were severely damaged or destroyed by the Woolsey fire have received tax relief totaling $684.8 million in property value, allowing them to rebuild their homes and their lives.

The 2019 Assessment Roll comprises 2.57 million real estate parcels and business assessments, including 1,878,470 single-family homes, 249,972 apartment complexes, 248,109 commercial and industrial properties, and more than 200,000 business property assessments.

Below are additional highlights from the 2019 Assessment Roll:

Cities with the greatest percentage growth:
* Inglewood: 25.7%
* Vernon: 13.2%
* West Hollywood: 11.6%
* Santa Fe Springs: 9.3%

Cities with the greatest amount of growth:
* Los Angeles: $41.7 billion
* Long Beach: $3.1 billion
* Santa Clarita: $2.5 billion
* Inglewood: $2.4 billion

Cities with the highest total assessed values:
* Los Angeles: $652.9 billion
* Long Beach: $60.2 billion
* Santa Monica: $39.5 billion
* Beverly Hills: $36.6 billion

A listing of assessments and parcel counts by city can be found here.

For more information about 2019 property values in LA County, visit opendata.lacounty.gov or call 213-974-3101.

los angeles county cities property values

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

1 Comment

  1. Ann Ochoa says:

    With all the money the county is collecting from us homeowners it sure would be nice if they could give senior citizens a break on their property taxes. We have lived in what we hoped to be our last home for 15 years but may be forced to sell because of the increasing price of our property taxes and inflation of all our other expenses. We live on a fixed income and tight budget and work for a food delivery service just so we can pay our property taxes. Come on L.A. county, give us old folks a break!!!

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Monday, Mar 18, 2024
Santa Clarita Cowboy Festival Live Music Performers Announced
The 28th Annual Santa Clarita Cowboy Festival is back with your favorite musical performers and an exciting lineup of new acts.
Monday, Mar 18, 2024
City’s 2024 ‘Celebrate’ Lineup Released
There is so much to learn from different customs and cultures and you don’t need a plane ticket to experience it all.
Monday, Mar 18, 2024
March 22: COC’s Uniquely Abled Academy Robotics Graduation
On Friday, March 22, the Uniquely Abled Academy (UAA) at College of the Canyons will host a graduation ceremony for nine students who have completed the UAA’s pilot robotics training program.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
1875, 1:35PM - Outlaw Tiburcio Vasquez hanged in San Jose [story]
Tiburcio Vasquez
College of the Canyons notched its first victory at the newly named Mike Gillespie Field on Saturday, winning its second straight conference series, this time over visiting Bakersfield College, by a 6-4 final score. 
Cougars Notch First Win at Mike Gillespie Field
MIAMI GARDENS, Fla. -- The Master's University hit 20 3-pointers, one shy of the program record in a game, to defeat the St. Thomas Bobcats 122-91 in the second round of the National Association of Intercollegiate Athletics Men's Basketball National Championship tournament.
Mustangs Advance to NAIA Sweet 16
The Master's University baseball team lost a pair of 1-run games Saturday against the Menlo Oaks in Atherton, Calif.
Mustangs Drop Three Games to Menlo
The Los Angeles County Development Authority is excited to announce that its executive director, Emilio Salas, has been appointed to a two-year term to serve as a member of the national Strategic Planning Advisory Committee for the National Association of Housing and Redevelopment Officials (NAHRO).
LACDA’s Emilio Salas Appointed to National Planning Advisory Committee
The 28th Annual Santa Clarita Cowboy Festival is back with your favorite musical performers and an exciting lineup of new acts.
Santa Clarita Cowboy Festival Live Music Performers Announced
REDLANDS — College of the Canyons track and field recorded a dozen top-10 finishes and established 30 new personal records while competing at the University of Redlands Invitational on March 15. 
Cougars Earn Top-10 Finishes at Redlands Invitational
There is so much to learn from different customs and cultures and you don’t need a plane ticket to experience it all.
City’s 2024 ‘Celebrate’ Lineup Released
Big Chicken, the star-powered fast casual chicken concept, which has a location in Santa Clarita, is fueling the mania for the Big Tournament with a nationwide Big Bracket Challenge.
Compete for Chance to Open Shaquille O’Neal Chicken Restaurant
California State University, Northridge’s Spring 2024 Cinematheque series will pay tribute to Hollywood casting director and producer Deborah Aquila, executive vice president and head of casting at Paramount Television Studios and CBS Studios, to mark the end of Women’s History Month on Wednesday, March 27.
Legendary Casting Director Deborah Aquila to Speak at CSUN
On Friday, March 22, the Uniquely Abled Academy (UAA) at College of the Canyons will host a graduation ceremony for nine students who have completed the UAA’s pilot robotics training program.
March 22: COC’s Uniquely Abled Academy Robotics Graduation
The Los Angeles County Department of Parks and Recreation is excited to announce spring has sprung at its local parks, including those in the Santa Clarita Valley.
L.A. County Parks Releases Spring Jubilee Dates
The city of Santa Clarita’s Film Office released the list of six productions currently filming in the Santa Clarita Valley for the week of Monday, March 18 - Sunday, March 24.
‘Bosch Legacy,’ ‘CSI Vegas’ Among Six Productions Filming in SCV
Unlike our children who enjoy a week-long spring break, we adults no longer have that luxury.
Ken Striplin | Register Now for Spring Break Camp 2024
The Los Angeles County Department of Public Health cautions residents who are planning to visit the following Los Angeles County beaches to avoid swimming, surfing and playing in ocean waters due to bacterial levels exceeding health standards when last tested.
Ocean Water Advisory Continues for L.A. County Beaches
The California Department of Motor Vehicles now offers a faster way for businesses to check that their employees have clean driving records using the new online Employee Pull Notice (EPN) Service.
DMV Launches Enhanced Digital Employer Pull Notice Service
1919 - Fire destroys abandoned second Southern Hotel, built 1878 in Newhall (corner Main & Market) [story]
Second Southern Hotel
1927 - Newhall telephone exchange, est. 1900, now serves 100 phones [story]
telephone
2003 - Lifesize sculpture honoring heroes of St. Francis Dam disaster unveiled in Santa Paula [video]
The Warning
In the first of three matches on consecutive nights in Arizona, The Master's men's volleyball team defeated Benedictine-Mesa in three sets 27-25, 28-26, 25-19.
TMU Men’s Volleyball Sweeps Benu in Arizona
Greg Herrick, the former longtime College of the Canyons women's basketball head coach who recorded 611 career wins while winning 16 conference titles, was inducted into the California Community College Women's Basketball Coaches Association (CCCWBCA) Hall of Fame during the organization's annual Banquet of Champions at Mt. San Antonio College on March 13.
Longtime COC Women’s Basketball Coach Herrick Enshrined in Hall of Fame
The Santa Clarita Planning Commission will hold its regular meeting Tuesday, March 19, at 6 p.m. in City Council Chambers City Hall, 23920 Valencia Blvd. 1st Floor, Santa Clarita, CA 91355.
March 19: Planning Commission to Discuss Wiley Canyon Mixed Use Project
Attend the city of Santa Clarita's most unique egg hunt, the Splash N’ Dash at the Santa Clarita Aquatics Center, presented by Kaiser Permanente.
March 30: Dive into Spring at Splash n’ Dash Egg Hunt
String orchestras and concert bands from around the Santa Clarita Valley and Southern California will participate in the Southern California School Band & Orchestra Association concert festival hosted by West Ranch High School on Tuesday, March 26 and Wednesday, March 27, 10 a.m.-9:30 p.m.
March 26-27: SoCal School Band, Orchestra Concert Festival
SCVNews.com