The city of Los Angeles’ value jumped 7.2 percent this year according to the 2015 Annual Report released this week by Los Angeles County Assessor Jeffrey Prang.
The report includes the assessed value of all taxable real property and business personal property in the county. This is Prang’s first report since taking office last December.
“The 2015 Annual Report will help the public easily find information about assessor operations and major initiatives, how property values in their city changed in the last year and much more,” Prang said.
The city of Los Angeles includes 609,974 single-family residential parcels, 121,169 condo parcels, 110,023 apartment building parcels, and 64,646 commercial-industrial parcels. The total assessed value for the city of Los Angeles is $500.4 billion, an increase of 7.2 percent.
In 2015, the city of Los Angeles remains the highest valued city in the county. Beverly Hills’ value at $27.8 billion, a 9.1 percent increase, is in the top five highest valued cities.
The fastest growing cities in the county in 2015 included West Hollywood at 9.8 percent growth and Beverly Hills. Valued at $1.26 trillion, the 2015 Assessment Roll is the largest in Los Angeles County history.
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