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Assessor’s Office Reports on 2022 Assessment Roll by City

By Jeff Prang

It’s that time of year again that my Office undertakes its most important function of the fiscal year that lays the ground work for the very property taxes that pay for our vital public services: The Assessment Roll. In fact, it’s a Constitutional mandate.

The Roll for 2022 has been closed as of June 30 and it reflects growth for all cities.

First off, let me say this comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. As I mentioned, I am constitutionally mandated to close the Roll by the end of the Fiscal Year on June 30. As a point of reference, my Fiscal Year runs from July 1 to June 30.

I am pleased to announce that the 2022 Assessment Roll has a total net value of $1.89 trillion, indicating the 12th year of consecutive growth. The 2022 Roll also grew by $122.38 billion (or 6.9%) over 2021. That value places nearly $19 billion to be used for those public services I just mentioned. 

Artesia for 2022 came in at $2.06 billion for taxable values, which is a 6.2% increase over last year’s numbers. That includes 3,243 single-family homes, 264 apartment complexes, 517 commercial-industrial parcels for a grand total of 4,024 taxable properties. Yes, it’s a solid growth at $2.06 billion.

Lakewood came in at $11.72 billion for taxable values, which is a 6.1% increase over last year’s numbers. That includes 23,156 single-family homes, 486 apartment complexes, 482 commercial-industrial parcels for a grand total of 24,124 taxable properties. Yes, it’s a solid growth at $11.72 billion.

La Mirada came in at $8.45 billion for taxable values, which is a 7.4% increase over last year’s numbers. That includes 13,517 single-family homes, 62 apartment complexes, 470 commercial-industrial parcels for a grand total of 14,049 taxable properties. Yes, it’s a solid growth at $8.45 billion.

Hawaiian Gardens came in at $1.12 billion for taxable values, which is a 8.8% increase over last year’s numbers. That includes 1,795 single-family homes, 478 apartment complexes, 335 commercial-industrial parcels for a grand total of 2,608 taxable properties. Yes, it’s a solid growth at $1.12 billion.

Cerritos came in at $11.32 billion for taxable values, which is a 4.0% increase over last year’s numbers. That includes 15,278 single-family homes, 24 apartment complexes, 625 commercial-industrial parcels for a grand total of 15,927 taxable properties. Yes, it’s a solid growth at $11.32 billion.

Bellflower came in at $6.67 billion for taxable values, which is a 6.2% increase over last year’s numbers. That includes 10,189 single-family homes, 1,870 apartment complexes, 1,488 commercial-industrial parcels for a grand total of 13,547 taxable properties. Yes, it’s a solid growth at $6.67 billion.

Santa Fe Springs for 2022 came in at $10.00 billion for taxable values, which is a 6.4% increase over last year’s numbers. That includes 3,825 single-family homes, 58 apartment complexes, 1,967 commercial-industrial parcels for a grand total of 5,850 taxable properties. Yes, it’s a solid growth at $10.00 billion.

Some basics: The Roll, as it is known, contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down the number of single-family residential homes, apartments and commercial-industrial parcels.

This year’s Roll comprises 2.58 million real estate parcels as well as business assessments countywide. That includes 1.89 million single-family homes, 250,000 apartment complexes, 248,000 commercial and industrial properties and more than 165,000 business property assessments.

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