Los Angeles County Property Values Reach Record High

Total property value in Los Angeles County has reached another historic high.

Despite the deadly Palisades and Eaton fires of January 2025 and a cooling residential market, the 2026 L.A. County Assessment Roll reached a record nearly $2.3 trillion in total net taxable value, KTLA reported, citing new statistics from L.A. County Assessor Jeff Prang. The latest data outlines the assessed value of all taxable property in L.A. County as of Jan. 1.

The almost $2.3 trillion value total represents an increase of roughly 4.4 percent, or $96 billion, from a year earlier. It marks the 16th consecutive year that the L.A. County Assessment Roll has increased in value after seeing a declining tax base in the wake of the Great Recession and nearing the $2 trillion mark in 2023 and surpassing $2 trillion in 2024.

The increase in property value is estimated to create more than $27 billion in property tax revenue, according to Prang’s office. Those funds go toward essential services such as public education, public safety, health care, libraries, parks and more.

“When I presented the forecast to the [Los Angeles County] Board of Supervisors in May, I emphasized 2025-2026 was a challenging year, and the impact of January’s devastating wildfires will be felt for years to come,” Prang said. “Even so… we maintained value growth [and] we exceeded our May forecast of 3.9 percent, finishing the year at [more than] 4.4 percent.”

Even though the Assessment Roll increased by more than 4.4 percent, property taxes will not increase as much for most property owners, as Proposition 13 limits most assessed values to a 2 percent maximum annual inflation adjustment. The City of Los Angeles alone accounted for nearly half of the $2.3 trillion tax base with $926.1 billion in assessed property value.

— Chris Malone Méndez