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The notices went out as the county’s six assessors published their tentative assessment rolls for 2024. Those increased values, however, do not mean that a homeowner’s property tax bill will ...
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
If your property increases much higher than other properties in the jurisdiction, say 30% compared to 10% countywide, then your taxes will go up. Why is it so difficult to answer?
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In 2021, there were 2.6 million assessed properties for a total Los Angeles County property assessment value of US$1.8 trillion. [3] The current assessor is Jeffrey Prang. [4] [5] The most recent assessors have been John Noguez, Robert Quon, who served for the last year of Rick Auerbach's term, and Kenneth P. Hahn.
A special assessment district (S.A.D.) is a geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and in which a tax is apportioned to recover the costs of the public improvement.
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