header image

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

Inside
Weather
Santa Clarita CA
Sunny
Sunny
52°F
 
Calendar
Today in
S.C.V. History
March 4
1940 - NYC premiere of "The Marines Fly High" starring Lucille Ball, filmed in Placerita Canyon [story] Marines Fly High


Santa Clarita ranks No. 5 among Los Angeles County’s 88 cities in the assessed value of all taxable real property and business personal property, according to the 2017 Annual Report released by County Assessor Jeffrey Prang today.

Santa Clarita’s taxable property is $30.7 billion, a 7.1 percent increase.

The county’s top four highest valued cities for 2017 are the city of Los Angeles, with an assessed valuation of $568 billion (6.6 percent increase), Long Beach ($54.0 billion, 5.0 percent increase), Santa Monica ($34.4 billion, 3.8 percent increase), and Beverly Hills ($31.9 billion, 9.1 percent increase).

The assessor’s 2017 report reflects strong economic growth and a record-setting increase in the assessed value of all taxable property in the county.

The report includes an updated ranking of the county’s 88 cities, including the highest valued cities and those with the highest percentage change from the prior year.

“The 2017 Annual Report helps the public easily access information about the Office of the Assessor, including how property values in each area of the County changed during the last year,” Prang said. “The diligent work of Assessor staff serves as the foundation of the property tax system which generates over $13.5 billion in revenues relied upon by the 35 departments of the county, 88 cities, 81 school districts, and numerous special districts.”

The 2017 Assessment Roll provides a comprehensive view of the strength of the Los Angeles County real estate market. It reveals that in the last year, every city in Los Angeles County recorded an increase in assessed valuation compared to 2016.

“I am pleased to report that the 6.04 percent increase in assessed property values in Los Angeles County represents the seventh consecutive year of growth,” Prang said.

The net assessed value, (excluding non-profit, homeowners’, and disabled veterans exemptions, and other state exemptions) is $1.416 trillion, $80.6 billion greater than in 2016.

The top three fastest growing cities in the county in 2017 were El Segundo at 11.6% growth, Hawaiian Gardens at 10.9%, and Avalon at 9.3 percent. The growth is attributed to a strong real estate market and increasing demand for new multi-family residential properties.

The Annual Report provides information to the public, including the role of the Assessor’s Office in the property tax system, tax savings for property owners, and important calendar dates. The Report also contains an update on progress with modernizing technology systems to enhance efficiency and better serve the public and the recent international accreditation of the Assessors’ Office as the first and only assessment agency in the State of California to be awarded the Certificate of Excellence in Assessment Administration from the International Assessing Officers Association.

To read the 2017 Annual Report, click [here].

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.

No Comments

    Leave a Comment


    SCV NewsBreak
    LOCAL NEWS HEADLINES
    Thursday, Mar 4, 2021
    Whittaker-Bermite Owner Files Bankruptcy, Selling Land
    Santa Clarita LLC, which owns the undeveloped 900-plus-acre Whittaker-Bermite site, recently filed for voluntary bankruptcy, and is working to sell it to a global industrial real estate company for possible commercial and residential development, officials said Wednesday.
    Thursday, Mar 4, 2021
    Hart District Mulls Over Possible March 29 Return
    William S. Hart Union High School District governing board members Wednesday discussed a potential March 29 start date for junior high and high school in-person instruction, provided the number of L.A. County COVID-19 cases continues to decline.
    Wednesday, Mar 3, 2021
    Wednesday COVID-19 Roundup: 144th Death at Henry Mayo; Decline in L.A. County Cases, Hospitalizations
    Los Angeles County Public Health officials on Wednesday confirmed 116 new deaths and 1,759 new cases of COVID-19 countywide, as Henry Mayo Newhall Hospital in Valencia reported its 144th fatality since the pandemic began.
    Keep Up With Our Facebook

    Latest Additions to SCVNews.com
    Los Angeles County Library is partnering with Los Angeles County Museum of Art (LACMA) to bring virtual arts programs to our communities, featuring LACMA teaching artists and staff.
    L.A. County Library, LACMA Partner to Offer Virtual Arts Programs
    Santa Clarita LLC, which owns the undeveloped 900-plus-acre Whittaker-Bermite site, recently filed for voluntary bankruptcy, and is working to sell it to a global industrial real estate company for possible commercial and residential development, officials said Wednesday.
    Whittaker-Bermite Owner Files Bankruptcy, Selling Land
    William S. Hart Union High School District governing board members Wednesday discussed a potential March 29 start date for junior high and high school in-person instruction, provided the number of L.A. County COVID-19 cases continues to decline.
    Hart District Mulls Over Possible March 29 Return
    1940 - NYC premiere of "The Marines Fly High" starring Lucille Ball, filmed in Placerita Canyon [story] Marines Fly High
    Los Angeles County Public Health officials on Wednesday confirmed 116 new deaths and 1,759 new cases of COVID-19 countywide, as Henry Mayo Newhall Hospital in Valencia reported its 144th fatality since the pandemic began.
    Wednesday COVID-19 Roundup: 144th Death at Henry Mayo; Decline in L.A. County Cases, Hospitalizations
    Rancho Camulos National Historic Landmark officials will host a virtual presentation commemorating the March 12, 1928, St. Francis Dam Disaster via Zoom on Friday, March 12, starting at 4 p.m.
    March 12: St. Francis Dam Disaster Commemoration Event, Free on Zoom
    California State University, Northridge is launching an interdisciplinary master’s degree in sustainability, set to begin fall 2022.
    CSUN to Offer an Interdisciplinary Master’s Degree in Sustainability
    Princess Cruises is extending the pause of its United Kingdom-based cruise vacations, sailing roundtrip from Southampton, through September 25, 2021, on Sky Princess, Regal Princess, and Island Princess.
    Princess Cruises Extends Pause of Southampton Sailings Through Sept. 25
    After a relatively dry February in California, water supply managers grow increasingly anxious as each dry, sunny day plunges the state deeper into drought.
    Dry February Exacerbates Drought in California
    The Biden-Harris Administration has approved California’s request to use Medicaid (Medi-Cal in California) funding to pay for voluntary COVID-19 testing for low-income students covered by the program, further supporting schools in underserved communities to reopen for in-person instruction.
    Feds OK Medi-Cal to Fund COVID-19 Testing for Low-Income Students
    Santa Clarita planning commissioners Tuesday sent the Sand Canyon resort proposal back to the drawing board amid continued concerns, focusing largely on emergency evacuations.
    Sand Canyon Resort Sent Back to Drawing Board Amid Various Concerns
    Sam Horn, president of Master’s University and Seminary for the past year, will be stepping down from his position, university officials said Monday.
    Master’s University President Sam Horn to Step Down After 1 Year
    Moving around California three decades from now will be safer, cleaner, and simpler with more transportation options under a plan Caltrans unveiled Wednesday.
    Caltrans Unveils Vision for Future of Transportation
    1882 - George Campton's Newhall general store explodes [story]
    general store
    After receiving athletic protocol updates from the California Department of Public Health (CDPH), the Los Angeles Department of Public Health (LADPH) and California Interscholastic Federation (CIF), the William S. Hart Union High School District has put together a complete athletic program following all state and county guidelines.
    Hart District Announces Outdoor Sports Practices, Competitions to Resume Immediately
    The ability to transform data into information and insights that can elevate a business and influence decisions is at the core of the newest major being offered in California State University, Northridge’s David Nazarian College of Business and Economics.
    CSUN Students Can Now Earn Degree in Business Analytics
    Three teachers from the William S. Hart Union High School District have been named by NASA and the SETI Institute to fly on NASA’s Stratospheric Observatory for Infrared Astronomy (SOFIA).
    NASA Selects Three Hart District Teachers for SOFIA Flight
    Los Angeles County Parks is looking for highly-talented independent instructors to bring valuable expertise and learning to the community through the Contact Class Program.
    L.A. County Parks Hiring Instructors for Summer 2021 Season
    The Los Angeles County Department of Public Health confirmed Tuesday 91 new deaths and 1,407 new cases of COVID-19, with 26,212 total cases in the Santa Clarita Valley.
    Tuesday COVID-19 Roundup: SCV Cases Total  26,212; L.A. County Remains in Most Restrictive Tier
    The Santa Clarita Parks, Recreation, and Community Services Commission will hold its study session virtually Thursday, March 4, at 6:00 p.m.
    March 4: Parks, Recreation & Community Services Commission Study Session
    After its cancelation last year due to the emergence of COVID-19, the College of the Canyons Scholarly Presentation will return this spring in a new virtual format.
    COC’s Scholarly Presentations Return Virtually March 11
    The Santa Clarita Public Library is excited to present Sidewalk Stories at the Old Town Newhall Library!
    Old Town Newhall Library Now Offering Sidewalk Storytime
    Santa Clarita Planning commissioners are expected to make a decision Tuesday regarding the proposed expansion of Henry Mayo Newhall Hospital via multiple construction projects that include building a second inpatient tower.
    Proposed Henry Mayo Expansion Project Back Before Planning Commission
    Picture this…the sun has just set on another brisk spring day.
    Santa Clarita City Manager’s Monthly Message – March 2021
    %d bloggers like this: