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A new Regulation Z (12 CFR 226) of the Truth in Lending Act was adopted in 2008 (73 FR 44522) to help prevent the improper influence of appraisers and to reduce the chances that appraisers would be pressured to "hit" certain target property values or return pre-determined, unsupported valuations when appraising real property. [2]
In 2021 there were 2.6 million assessed properties for a total Los Angeles County property assessment value of nearly US$1.8 trillion. [6] The Assessor sells the following cadastral electronic documents and databases pursuant to Article 1 of the Constitution (the "Sunshine Amendment") and the California Public Records Act: [7]
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
a description of the map's place of official recording (e.g., recorded in the files of the County Engineer). The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
In addition the County serves as the local government for all unincorporated areas. It is composed of the elected five-member Board of Supervisors, several other elected offices including the Sheriff, District Attorney, and Assessor, and numerous county departments and entities under the supervision of the chief executive officer.
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