LA COUNTY PROPERTY VALUES SURPASS $2.2 TRILLION

FOR IMMEDIATE RELEASE:
July 14, 2026

Despite Wildfires, Economic Uncertainty, Assessment Roll Posts 16th Consecutive Year of Growth

LOS ANGELES, CA - Despite one of the most challenging years in recent memory, marked by the ongoing response to the devastating wildfires that swept through the Pacific Palisades and Altadena communities and a cooling real estate market, Los Angeles County Assessor Jeff Prang today announced that the 2026 Assessment Roll reached a record $2.272 trillion in total net taxable value.

The 2026 Assessment Roll increased by $96 billion, or 4.42 percent, over the previous year, extending Los Angeles County's streak of annual growth to 16 consecutive years.

The increase will generate more than $27 billion in property tax revenue to support vital public services, including public education, public safety, healthcare, libraries, parks, and other local government services throughout Los Angeles County.

"When I presented the forecast to the 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,"Assessor Prang said. "Even so, Los Angeles County's economy continues to demonstrate remarkable resilience. Not only did we maintain value growth, we exceeded our May forecast of 3.9 percent, finishing the year at 4.42 percent."

Despite diverting significant staff resources to assist thousands of property owners affected by last year's wildfires, the Assessor's Office continued implementing innovative assessment strategies supported by recent major technology upgrades. As an example, the Office continued to improve efficiency in enrolling new construction assessments. As a result, new construction added more than $12 billion to the 2026 assessment roll.

The 2026 Assessment Roll also marks the second consecutive year the entire Roll has been completed using the Office's new digital, cloud-based assessment technology platform, demonstrating the resiliency and efficiency of its technology transformation.

The Assessment Roll reflects the assessed value of all taxable property in Los Angeles County as of January 1, 2026, as required by the California Constitution. Beyond determining property taxes, the Roll serves as an important economic benchmark that local governments rely upon when preparing annual budgets and planning essential public services.

Although the housing market showed signs of moderation during the year, property values remained strong. The median home sales price climbed to $982,000, while property transfers accounted for the largest share of this year's growth, adding $49 billion in assessed value.

The annual inflation adjustment required under Proposition 13 also contributed significantly to this year's Roll. Because the California Consumer Price Index exceeded the constitutional limit, the maximum allowable 2 percent inflation factor was applied, adding approximately $43 billion in assessed value.

Los Angeles County Assessment Roll Highlights:

• Total Assessed Value: $2.272 trillion dollars
• 42% increase over 2025 or an increase of $96 billion dollars
• $95 billion in property tax exemptions providing $948 million in tax savings
  • 891,000 Homeowners' Exemptions totaling more than $6.3 billion
  • 9,100 Disabled Veterans' Exemptions totaling $1.6 billion
  • 15,000 institutional exemptions totaling $87 billion (religious institutions, non-profits)

City Value Highlights:

• Los Angeles: $926.1 billion
• Long Beach: $84.5 billion
• Santa Monica: $54.9 billion

City Growth Highlights:

• Irwindale: 15.0% growth in assessed value
• Vernon: 13.3% growth in assessed value
• Hidden Hills: 11.7% growth in assessed value

While the Assessment Roll increased by 4.42 percent overall, most property owners will not see a corresponding increase in their property tax bills. Under Proposition 13, most assessed values are limited to a maximum annual inflation adjustment of 2 percent.

The 2026 Assessment Roll includes 2,399,978 taxable real property parcels, 157,195 business property assessments, 31,938 boats, and 3,566 aircraft.

To access the 2026 Assessment Roll, go to: https://assessor.lacounty.gov/news-information/assessmentroll

Direct all media inquiries to Stephen R. Whitmore, LA County Assessor Public Information Officer, at [email protected] or telephone at 213.974.3101.