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December 1
1929 - Saugus train robber Thomas Vernon apprehended in Pawnee, Okla. [story]
Tom Vernon


LA County Assessor Annual ReportLos Angeles County Assessor Jeffrey Prang released the 2020 Annual Report, reflecting growth and increases in the assessed value of all taxable real property and business personal property countywide. 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 2020 Annual Report is available online at assessor.lacounty.gov.

“The 2020 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,” said Assessor Jeffrey Prang. “The diligent work of our staff serves as the foundation of the property tax system which generates $17 billion in revenues relied upon for vital public services, especially now when the County needs it the most.”

Prang is reminding everyone that these numbers in the Annual Report are pre-COVID and do not reflect the downturn in the economy resulting from the pandemic.

The 2020 Assessment Roll is broken down into categories in the Report and does provide, however, a comprehensive view of the strength of the Los Angeles County real estate market pre-COVID. It reveals that in the last year every city in Los Angeles County recorded an increase in assessed valuation compared to 2019.

The top five highest valued cities for 2020 remain the city of Los Angeles, with an assessed valuation of $695.9 billion (6.6% increase), Long Beach ($63.4 billion, 5.4% increase), Santa Monica ($42.2 billion, 7% increase), Beverly Hills ($39 billion, 6.6% increase), and Santa Clarita ($37.2 billion, 5.8% increase).

The top three fastest percentage growth cities in the County in 2020 were Inglewood at 13.6% growth, Culver City at 10% growth, and Hidden Hills at 9.2%. The growth is attributed to a strong real estate market and a demand for new multi-family residential properties.

Prang also 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.

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LATEST CITY HEADLINES
Monday, Nov 30, 2020
To help equip parents for success during the COVID-19 pandemic, the city of Santa Clarita and Education Consultant Renee Marshall are teaming up to bring the community another DFY in SCV virtual Parent Engagement Workshop on Wednesday, December 2, at 7 p.m.
Monday, Nov 30, 2020
A proposed Henry Mayo Newhall Hospital expansion is among the items on the Santa Clarita Planning Commission's agenda for its next regular meeting at City Hall on Tuesday, Dec. 1 starting at 6 p.m.
Monday, Nov 30, 2020
The city of Santa Clarita’s Film Office has reported 14 productions filming in the Santa Clarita Valley aka "Hollywood North" the week of Monday, Nov. 30:
Thursday, Nov 26, 2020
Travel through the seven levels of the Candy Cane Forest, past the sea of twirly-swirly gum drops and into a month of non-stop fun and entertainment with the city of Santa Clarita’s virtual events in December.
Wednesday, Nov 25, 2020
Santa Clarita officials announced plans to file an amicus brief in support of an ongoing lawsuit to block Los Angeles County’s outdoor dining ban, which went into effect the day before Thanksgiving.

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1929 - Saugus train robber Thomas Vernon apprehended in Pawnee, Okla. [story]
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