Have you received your 2016-2017 Property Tax Bill yet? The LA County tax assessor says that property value has increased 5.6% since last year. Some neighborhoods have now surpassed 2008 levels. Do you know what YOUR market value is? Call me and I will help you find out!
The five cities experiencing the largest growth in assessments were Hawthorne at 10.5 percent, West Hollywood at 9.6 percent, Hawaiian Gardens at 9.5 percent, Bell at 9.1 percent and Culver City at 9 percent.
Some areas such as the South Bayare exceeding their pre-recession values. All other area cities experienced growth for the year, although Carson, with $14 billion of property assessments, increased less than one percent.
Other cities’ totals included: Gardena, $5.7 billion in assessments, a 4.3 percent increase; Inglewood, $8 billion in assessments,