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CASTOP FOSANCES JEFF PRANG
•
LOS ANGELES COUNTY ASSESSOR
EFFREY PRATTO CALIFORNIA
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
LOS ANGELES COUNTY SERFREY PRATE
ONE OF THREE ELECTED OFFICIALS
ASSESSOR SHERIFF DISTRICT ATTORNEY
CHERTRA
• •
LOS
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
OFFICE OF THE ASSESSOR
• 1,300 Employees in six locations
• Budget of nearly $200 million. LANCASTER REGIONAL
• Locate and identify the ownership of
all taxable property. Over 2.5 million
NORTH DISTRICT
assessments.
• Produce an Assessment Roll showing HEADQUARTERS
EAST DISTRICT
WEST DISTRICT
the assessed values of all property
(including business property).
SOUTH DISTRICT
• Apply all legal exemptions.
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
TAXABLE PROPERTY SERFREY PRATE
Real Property Business Property
Residential | Commercial | Industrial Furniture | Equipment | Machinery O-o
ASSESSOR.LACOUNTY.GOV
JEFF PRANG
LOS ANGELES COUNTY ASSESSOR
ASSESSMENT ROLL SERFREY PRATE
• The Roll is an inventory of all
taxable property in the County.
• The Roll serves as a planning
document for local governments
and their budget preparation.
• The Roll also provides insight as
to what is going on in the real CITY HALL
estate market.
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
2021 ASSESSMENT ROLL WEENEY PRANO
• LA County experienced the 1lth year of
consecutive property value growth
since 2008.
• The 2021 Roll grew by $62.9 billion or
3.7% over the prior year to $1.76 trillion.
• The Roll represents 2.5 million
assessments. Both real and business
property.
ASSESSOR. LACOUNTY.GOV
JEFF PRANG •
PROPERTY VALUE GROWTH
LOS ANGELES COUNTY ASSESSOR
WEENEY FRANC
City Growth Homes Apartments Commercial Assessed
Properties Value
Pasadena 3.7% 31,775 4,108 3,075 $36.1B
South 3.8% 5,720 944 382 $5.6B
Pasadena
San 2.6% 4,529 2 174 $7.3B
Marino
La Canada 3.4% 7,164 74 299 $9.1B
Flintridge
LA County 3.7% 1,885,579 250,190 248,293 $1.7T
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
MEDIAN SALES PRICE LOS ANGELES COUNTY ASSESSOR
WEENEY PRANO
City Median Sales Price YOY % Increase
Azusa $650,000 13.5%
Glendora $820,000 10.8%
Duarte $725,000 8.2%
Covina $750,000 17.1%
LA County $850,000 11.8%
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
HOMEOWNERS' EXEMPTION
LOS ANGELES COUNTY ASSESSOR
• Reduces property's Are You Overpaying on
assessed value by $7,000 Property Taxes?
How to qualify for the Homeowner's Exemption
• Results in $70 off property START HERE
APPLICATION ON
ARE YOU A assessor lacounty.gov
tax bill HOMEOWNER
IS YOUR HOME YOUR
Yes • •PRIMARY RESIDENCE? YOU QUALIFY TO
• $30 million dollars SAVE $70 OFF
Yes - YOUR PROPERTY Apply
TAX BILL
unclaimed in LA County,
annually
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
PROPOSITION 12 SEFREY PRATE
Two Main Components
Parent-Child Transfer Base Year Value Transfer
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
SERFREY PHANT
PROPOSITION 19
Expansion of benefits for Seniors, the severely disabled, and victims of natural disasters
• Eligible property owners may sell their home, purchase a replacement home, and transfer their tax base to the new home. • The replacement home may be located anywhere in CA.
• This benefit may be used up to 3 times.
ASSESSOR.LACOUNTY.GOV
JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
PROPOSITION 19 HE FREY PHANT
Qualifications for transfers between family members
• Inherited property has to be primary residence of the parent or grandparent - no other property now qualifies (no rental) • The child or grand child must make that home their primary residence within 1 YEAR of the transfer and file the Homeowners' Exemption ASSESSOR.LACOUNTY.GOV
ST GI 103 AND
• JEFF PRANG •
LOS ANGELES COUNTY ASSESSOR
WEEFREY PRATT
The value of your home matters when transferring property to your children (or grandchildren)
If the value is LESS than $1 million, If the value is MORE than $1 million, then then no re-assessment. there will be a partial re-assessment.
No increase on property taxes Increase in taxes, but still a saving! ASSESSOR.LACOUNTY.GOV
JEFF PRANG
LOS ANGELES COUNTY ASSESSOR
EFFREY PRANG CALIFORNIA
(213) 974-3101 | [email protected] | @LACASSESSOR
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