According to the 2014 Annual Report by the Los Angeles County Office of the Assessor, the value of the taxable property in city of LA has risen by 6% since 2013. They reflect the fourth consecutive year of growth and a $62 billion increase from 2013. The total value of property in the city was $467 billion, nearly half the county’s $1 trillion valuation.
At a cool $26 billion, Santa Clarita ranked among the top 5 highest property valuations in Los Angeles County according to the 2014 Annual Report released by the Los Angeles County Office of the Assessor.
The assessed values are the foundation of the property tax system and are used to divvy up tax revenue.
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