The Los Angeles County Assessor’s Office has recently released the results of their 2024 Assessment Roll, which is the inventory of all taxable property in the county. Overall Los Angeles net taxable assessed value, after exemptions have been applied (charitable, homeowners, disabled veterans, etc.) is a record $2.094 trillion, which is $97 billion (+4.85%) more than 2023.

As a result of this net value increase, over $20 billion in property tax revenue is being generated to fund government services. Please note that the increase in revenues for the county is as a result of increased property values, not an increase in taxes. This may result in some property owners paying more in taxes as a result.

Property transfers also contributed to be the largest contributor to the assessment roll at $53 billion, underscoring the large tax burden borne by real estate in Los Angeles County and the extent to which property transfers and real estate fund the county’s operations. Possible tax increases put this critical source of county revenue under threat, as residents may consider delaying or shifting real estate purchases to other markets with a lower tax burden. The county received these increase revenues with a large decrease in sales volume, and indicator of the already high price paid for property in Los Angeles.

Click below to view the complete 2024 Assessment Roll,