The assessed value of LA County real estate, as evaluated by the LA County Assessor’s Office, has continued its upward trajectory, rising by nearly 4% this year and maintaining a 15-year streak of consecutive increases, once again setting a record high. According to the 2025 LA County Assessed Value Report released by the LA County Assessor’s Office on August 4, the total value of real estate in LA County was calculated at $2.182 trillion. This represents an increase of $81.725 billion, or 3.9%, from last year’s $2.100 trillion. With this, LA County has sustained its upward trend for the 15th consecutive year, surpassing $2 trillion for the third year in a row.

The net assessed value, which serves as the final taxable basis after exemptions, was approximately $2.176 trillion, also continuing its upward trend and exceeding $2 trillion for the second consecutive year. The net assessed value was approximately $1.997 trillion two years ago and crossed the $2 trillion mark last year at around $2.094 trillion. This year, a total of 2,398,007 properties in LA County were subject to tax assessment, including 1,897,905 single-family homes, 251,236 residential rental properties such as apartments, and 248,866 commercial and industrial properties.

By city, Los Angeles, the largest in LA County, saw its total property value rise from $856.991 billion last year to $887.351 billion this year, an increase of $30.351 billion, or 3.5%. Long Beach, the second-highest in total value, recorded a 4.4% increase, rising from $77.673 billion last year to $81.082 billion this year. Following these were Santa Monica with $52.930 billion (3rd), Beverly Hills with $48.591 billion (4th), Santa Clarita with $48.514 billion (5th), Glendale with $43.674 billion (6th), Pasadena with $42.872 billion (7th), Torrance with $42.074 billion (8th), Burbank with $34.240 billion (9th), and Manhattan Beach with $27.613 billion (10th).Property sales were the primary driver of the increase in LA County’s property value this year, contributing an additional $51 billion in value. Despite signs of a slight slowdown in the housing market, it remained strong, with the median home sale price reaching $950,000.

Additionally, inflation-related adjustments (capped at a 2% increase under Proposition 13) contributed to a $41 billion increase in property value, while new construction added $8 billion. Notably, LA County Assessor Jeffrey Prang highlighted that the continued rise in property values was remarkable despite the destruction of thousands of homes in a major wildfire in January. The Assessor’s Office bases its valuations on January 1, 2025, but sudden asset losses due to disasters may be adjusted later through relief programs. Prang stated, “The January wildfire impacted over 23,000 parcels and caused losses to more than 10,000 homes, reducing property tax revenue. However, we have worked diligently to ensure that affected property owners receive fair assessment relief.”