Among 88 cities in Los Angeles County, Santa Clarita ranked #5 in total assessed value, according to the 2017 Annual Report released by Jeffrey Prang, County Assessor. The value includes personal & business property.
Inside the Number
Santa Clarita’s total taxable property is $30.7B, which is 7.1% increase. Of course, the city of L.A. tops the list with an assessed valuation of $568B. It’s no surprise the 3 cities ahead of Santa Clarita. They are:
- No. 2: Long Beach at $54B, 6.6% increase
- No. 3: Santa Monica at $34.4B, 3.8% increase
- No. 4: Beverly Hills at $31.9B, 9.1% increase
The primary reason for Santa Clarita’s positive valuation is due to the economic growth occurring, along with the home purchases. This positive news isn’t just isolated to Santa Clarita, but Los Angeles County in general. Overall there was a 6.04% increase in assessed property values in 2017, and this makes it the 7th consecutive year of growth. All this points to a positive real estate market in Los Angeles County, but especially here in Santa Clarita. If you would like to learn more about the report, it’s available here.
Interested in becoming part of the Santa Clarita community and its growth? Don’t hesitate to contact me about purchasing a new or existing home here in Santa Clarita!