County’s Assessed Property Values Up 9.6%
From Times Staff and Wire Reports
Propelled by booming home sales, assessed property values in Los Angeles County grew by 9.6% to $856 billion last year, the largest jump since 1991, officials said Thursday.
The average value of homes that changed hands last year increased $262,000, compared to $174,000 in 2003. Lancaster and Palmdale led the county with increases of 20.8% and 19.2%.
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