The Los Angeles County Assessment Roll increased by $82 billion or 3.91% in 2025 despite devastating wildfires that destroyed thousands of homes across Altadena, Pacific Palisades and Malibu, County Assessor Jeff Prang announced.
The growth marks 15 consecutive years of increases, bringing the total net value to $2.176 trillion. This will generate more than $20 billion in property tax revenue for public services including education, first responders and healthcare.
"This has been a very challenging year, highlighted by the devastation of the January wildfires that laid to waste large sections of Altadena and the Pacific Palisades," Prang said. "The wildfires impacted more than 23,000 property parcels, including the total loss of over 10,000 homes, which significantly decreased property tax revenue."
The wildfires created significant challenges for the assessment process, but Prang committed to ensuring affected property owners receive timely assessment relief.
Despite the housing market showing signs of slowing, median home sales prices remained strong at $950,000. Property transfers contributed $51 billion to this year's roll growth, representing the single largest factor in the increase.
The inflation adjustment required under Proposition 13 added another $41 billion. California's Consumer Price Index exceeded the Proposition 13 cap, triggering the maximum 2% inflation factor.
New construction contributed $8 billion to the roll despite wildfire response efforts diverting resources. The Assessor's Office implemented new strategies to maintain productivity and prioritize high-value projects.
The assessment establishes taxable property values as of Jan. 1, 2025, creating an inventory called the Assessment Roll that provides insight into real estate markets and the local economy. Local governments use this data to prepare annual budgets and anticipate property tax revenues.
The growth does not translate to corresponding increases in property tax bills for most owners, who will see only the 2% adjustment prescribed by Proposition 13.
The 2025 Assessment Roll includes 2,398,007 taxable real property parcels, 160,367 business property assessments, 32,733 boats and 3,037 aircraft.
To access the 2025 Assessment Roll, visit: https://assessor.lacounty.gov/news-information/annualroll
Edited by SMDP Staff