This year’s roll put property valuation in the county at $1.26 trillion, an increase of $73.1 billion over last year.
Residential real estate sales were the largest contributors to the year- over-year increase, according to the assessor’s report. The fastest growing cities last year were West Hollywood at 9.8 percent growth, Beverly Hills at 9.1 percent, Arcadia at 8.8 percent, Palmdale at 8.3 percent and Manhattan Beach at 8.1 percent.
The assessment roll is the foundation of the county’s property tax system and forms the basis from which municipalities, school districts, and special districts derive property tax revenue used to fund vital public services such as public safety, education and transportation.
“The 2015 Assessment Roll provides a comprehensive view of the strength of the Los Angeles real estate market,” said Assessor Jeffrey Prang, who took office last December. “The roll illustrates that in the last year, every city in Los Angeles County recorded an increase compared to 2014. I am pleased to report the 6.13 percent increase for assessed property values in Los Angeles County is the largest increase since 2010.”
To read the 2015 Annual Report, visit: http://assessor.lacounty.gov/wp-content/uploads/2015/09/2015_annual_report.pdf.
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Been here four years says
All this growth yet all the AV has is dust and space with nothing to look forward to. Oddly enough a lot of the crime news I see on this site takes place in Palmdale.
Why says
Why is Lancaster crime rate higher than Palmdale’s? Don’t they have the sentinel in the sky, mockingly known as the Eye in the Sky?
Tim Scott says
Fish rots from the head down, and Lancaster has one rotten fish head in the mayor’s office. Their crime rate being higher is no surprise at all.
Tom says
Been here four years There’s a nice 1 bedroom apartment 700sq feet for 1600$ a month in a action pack city call Van Nuys with your name on it.
Karen says
Calm down peoples, Both Palmdale and Lancaster are both about to get a growth of population! The Olympics are coming, must clean out the venues again like in 1984. The homeless will be arriving soon.
Tim Scott says
Instead of crying about the LA Olympics in 1984 Bakersfield got a free stadium for Bakersfield College. I’m guessing that Ledford and the gang might succeed in getting a venue of some sort for us. Lancaster not so much, given their reputation as a hotbed for racist prigs and crybabies.
Tom says
Karen you can always buy a 690k. 1200sq house downbelow. Sure you will enjoy the multitude of homeless that’s all ready there why wait for the Olympics.
William says
Tom. Oh, Tom. Are you attempting to educate some of our locals here in the AV on ‘reality’?
It’s pretty hopeless. There’s ‘rural’, ‘exurbs’ and then there is ‘provincial’. Many folks out here are provincial. The dictionary uses words like ‘narrow-minded’ and ‘unsophisticated’ to define ‘provincial’.
Which is surprising because, listening to them, they know everything.
With all of our advanced information technology at our fingertips, people seem to be getting more and more ignorant as we move along. There is an entire political party devoted to furthering that ignorance and they’ve even got their very own cable channel. And, it has the most viewers. Imagine that.
Well, you don’t have to imagine that. Turn on Time-Warner’s channel 42 and it’s all there. Lancaster is the hub of all that is provincial in the Antelope Valley with its mentally challenged mayor.
Longtime Valley resident says
Palmdale naturally appreciates in value for two reasons:
1.) It is closer to affluent areas like Acton, Agua Dulce, Leona Valley, Valencia and the San Fernando Valley. People who want a comfortable middle-class lifestyle but don’t want to pay exorbitant prices in the aforementioned adjoining areas are naturally going to come to Palmdale. Furthermore, chain stores and restaurants familiar to the L.A. area will always pick Palmdale first (Macy’s, the Habit, BJ’s, YardHouse, etc) because of this fact alone. It is to the city’s benefit that it is closer to the rest of Greater Los Angeles.
2.) When the Las Vegas bullet train is built and adjoined to California High Speed Rail with a local transportation hub, Palmdale will be an even more desirable place to live and, at that point, you’ll probably see more families and retirees coming into the area. This is something that I hope the city is planning for! Palmdale needs to look into building master-planned communities like Del Webb’s Sun City communities for retirees and further master-planned communities for nuclear family units that want more than they are currently getting in places like Valencia and Simi Valley.
AV Observer says
Palmdale is also not run by someone who thinks birdie sounds and a $10 million dollar spy plane lower crime, sues businesses right out of the city and state, sues his neighboring cities, supports commissioners who make homophobic and anti-Semetic comments, and calls an African-American veteran who runs for office a “gang” candidate. Palmdale and Lancaster may both be in the Antelope Valley, but they are light years apart when it comes to how they are run.
William says
Going to district council elections didn’t kill Palmdale, did it, rex ‘snidely whiplash’ parris.
Nah, we don’t want to merge the 2 cities, rex. It would be like merging Palmdale with Lancaster. (I couldn’t think of a worse analogy)
Palmdalian says
Is there a more despised individual in Palmdale than he? Or the entire Antelope Valley for that matter?
Anonymous says
Rex is the most despised individual on just a few websites. The majority of voters like him. That is why he will be re-elected in 2016.
William says
Well, I guess those voters who like rex just haven’t suffered enough yet from his clustermayorfest.
Tim Scott says
Website or not, I don’t recall meeting anyone who likes him. The problem is that about 80% of Lancaster residents seem to not have any clue one way or the other. If they somehow wind up at the polls they will vote for Rex on name recognition. Being nearly universally despised by people who pay attention makes no difference when the electoral process is totally corrupt and most of the population is oblivious.
Anon says
Most people don’t even know when the election takes place because it is conveniently tucked away in April when there are no other elections or news about elections going on. The ones who do are largely from his own church where the voting precincts are conveniently located.
So, technically the majority of “voters” “like” him. The majority of the people do not. If they would get off their butts and vote, he would be long gone. You can be sure that the machine will never allow the elections to be moved to a time where the majority of people would show up. Take that to the bank.
Tim says
If the ghetto grows as society morally declines than Lancaster will have the world’s largest ghetto, led by the moral bankruptcy and corruption of its mayor and his henchmen.
John says
As society morally declines the ghetto grows
Tim Scott says
While you may think your little parable is clever, the growth this article is about is growth in land VALUE. Oddly enough, growing land value is not something most people think of as a characteristic of the ghetto.