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"The Assessment Roll is essentially completed by June 30, as our fiscal year runs from July 1 to June 30. It is the very foundation of L.A. County’s property tax system."
Assessor Jeffrey Prang provided details about the upcoming annual assessment data:
"I come before you this month to let you know we are in the final stages of fulfilling our Constitutional mandate and the most significant item I do as your County Assessor: The 2024 Assessment Roll."
"The Roll, as it is known, contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down the number of single-family residential homes, apartments and commercial-industrial parcels."
The 2024 Assessment Roll Forecast projects a 4.75% increase over the prior fiscal year with an estimated record breaking net local roll value of over $2 trillion. The Assessment Roll is essentially the inventory of all taxable property in the County, including real property and business property.
"I also want to remind residents that the growth does not mean property owners will be subject to a corresponding increase on their annual property tax bills. Most property owners will see only a 2% adjustment prescribed by Proposition 13."
For more information about the Assessor’s Office and the many tax savings programs we offer, please visit our website at assessor.lacounty.gov.
The Roll in FY23-FY24 comprised of
2,592,167 million real estate parcels as well as business assessments countywide.
- 1,892,564 single-family homes
- 250,511 apartment complexes
- 248,123 commercial and industrial properties.
The Roll, as it is known, contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down the number of single-family residential homes, apartments and commercial-industrial parcels.
Assessor - Assessment Roll (lacounty.gov)
Assessor Prang Anticipates 2024 Assessment Roll Will Make History (campaign-archive.com)
Assessment_Roll_Forecast_2024.pdf (cloudinary.com)
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