LA COUNTY PROPERTY VALUES ECLIPSED $2 TRILLION

LOS ANGELES, CA – Following a year marked by devastating wildfires that tore through the Pacific Palisades and Altadena communities and severely disrupted the regional real estate market, Los Angeles County Assessor Jeff Prang today announced the May 15 Forecast for the 2026 Assessment Roll, projecting a 3.9% increase in taxable property values over 2025.

If finalized, this would mark the 16th consecutive year of growth for the County’s Assessment Roll.

The May Forecast is an early estimate of the Assessment Roll and may change before the Roll closes in early July. The forecast serves as a critical planning tool for local governments as they prepare budgets based on anticipated property tax revenues. The Assessment Roll reflects the value of all taxable property in Los Angeles County and provides an important indicator of broader real estate and economic trends.

“The 2025 wildfires devastated entire neighborhoods, damaged more than 23,000 parcels, claimed lives, and sent shockwaves through the local real estate market,” said Assessor Prang. “Our office remains committed to ensuring property owners receive every assessment relief benefit to which they are entitled. At the same time, we have a responsibility to fairly and equitably assess all taxable property throughout Los Angeles County.”

Property transfers are expected to be the single largest contributor to this year’s Assessment Roll growth, adding over $47 billion in assessed value.

The inflation adjustment required under Proposition 13 is projected to be the second-largest factor affecting the Roll, adding the maximum allowable 2% increase under state law and contributing an estimated $43 billion to the 2026 Assessment Roll.

The Assessor also expects an increase of $10.5 billion in new construction, while decline-in-value reductions will remove approximately $11 billion from the Assessment Roll.

The estimated total net value of $2.2 trillion will generate approximately $27 billion in property tax revenue supporting essential public services, including public education, first responders, healthcare services, and other county functions. Assessments are based on property values as of January 1, 2026.

To access the 2026 Assessment Roll Forecast, visit:

Los Angeles County Assessor Assessment Roll Forecast