Assessor Jeff Prang
LOS ANGELES — Los Angeles County Assessor Jeff Prang released the 2023 Annual Report, providing a comprehensive overview of the Assessor’s Office activities, achievements, and key initiatives throughout the past operating year.
The annual report serves as a resource for the public, offering insights into the county’s property assessment process, tax revenue distribution, and the overall economic landscape and reflects growth and increases in the assessed value of taxable real property for the 13th consecutive year. The report also includes an updated listing of the county’s 88 cities, including the highest valued cities and those with the highest percentage change from the previous year.
To access the full 2023 annual report, visit the Los Angeles County Assessor website at: https://assessor.lacounty.gov/reports .
The 2023 annual report is broken down into categories and chapters, providing a comprehensive view and analysis of the Los Angeles County real estate market. It reveals that every city in Los Angeles County recorded an increase in assessed valuation compared to 2022. Key highlights from the 2023 Annual Report include:
Assessor Prang also reminds residents the growth does not mean property owners will be subject to a corresponding increase on their annual property tax bills. Most property owners will only see a two percent adjustment prescribed by Proposition 13.
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