Property values are going up in Los Angeles County, according to the Assessor's Office, which announced Monday a 2.24 percent jump in the total assessed value of properties on the tax roll.
In Redondo Beach, the year-to-year change was an increase of 2.7 percent. , the city saw its assessment values increase by 1.4 percent.
The city with the highest year-to-year increase in the county was Beverly Hills, which had a 6.5 percent jump. Rolling Hills saw the second highest at 6 percent.
The total assessment of properties in the county is more than $1.13 trillion, a $24.8 billion jump over last year, according to the Assessor's Office. When tax-exempt assessments and state-funded homeowners' exemptions are factored in, the county's net assessment roll is $1.079 trillion, up 2.2 percent from last year.
Not surprisingly, the city of Los Angeles has the highest assessed value in the county at $419.1 billion—up 2.5 percent from last year. Long Beach placed second at $44.1 billion.
Redondo Beach ranked at No. 12 in the county with a total assessment of $12.372 billion—a 2.7 percent change over last year. Neighboring Manhattan Beach ranked No. 11 with a total assessment of $12.713 billion.
—Editor Nicole Mooradian contributed to this report.
