---
[ LA WATCHDOG ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog)
# LA’s Assessed Value Increased 7% to a Record $774 Billion
July 28 2022
Written by Jack Humphreville.
[](https://www.addtoany.com/share)
LA WATCHDOG - Los Angeles County Assessor Jeff Prang certified that the City’s Assessed Valuation as of January 1 of its more than 793,000 real estate parcels increased by $50.7 billion (7%) to a record $774 billion.
This growth rate exceeded the 4.6% increase in property tax revenues in the Mayor’s Proposed Budget of April 20 but lagged the 7.6% in the City’s Adopted Budget that was approved on or about June 1. The higher than anticipated property tax revenue reduced the need to raid the Reserve Fund to “only” $17 million.
Prang also indicated that the County’s tax roll for its 2.4 million parcels grew for the twelfth consecutive year to $1.9 trillion, a $122 billion (6.9%) increase. This growth was powered by property sales which added $70 billion to the tax roll, due in large part to the sale of properties that previously benefitted from lower than market assessments under Proposition 13.
The tax roll also benefitted by $34 billion because of the 2% inflation adjustment allowed under Proposition 13.
New construction added $6 billion.
One of the major benefits of Proposition 13 is that is allows for a more predictable revenue stream to the City as opposed to swings in the housing market that can be devastating in down markets.
\--------------------
Assessor Prang was reelected to a third term on June 7 with 50.15% of the vote. Unlike many other offices in the City, County, and State, the County Assessor is not subject to term limits. I was surprised by his narrow victory because Prang has done an excellent job as County Assessor, overcoming the cloud of corruption and facilitating a smooth transition to a new administrative and data management system. Given his margin of victory, some have called him Landslide.
*(Jack Humphreville writes LA Watchdog for CityWatch. He is the President of the DWP Advocacy Committee, the Budget and DWP representative for the Greater Wilshire Neighborhood Council, and a Neighborhood Council Budget Advocate. He can be reached at:* [*lajack@gmail.com*](mailto:lajack@gmail.com)*.)*
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/115 "Brian Goldsmith Vertical R. Col")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/107 "LA DWP | Save $4K, Green | Priority Ad")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/114 "McKinney Campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/82 "LA DWP #2 (Power Savers)")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/98 "Donna Tryfman - HS1-1")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/97 "Home - LA DWP #2 (Pay Water Bill Help)")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/111 "David DeJute Campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/112 "Anna Reitano Vertical R. Col")
## Get The News In Your Email Inbox Mondays & Thursdays
Website
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/113 "Rhonda Haymon campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/110 "Something You Should Know")
---
## Featured CityWatch Stories
[  ](https://ded2209.inmotionhosting.com/~citywa9/election-2024/33624-prosecutor-democrat-city-attorney-mckinney-makes-his-case-to-los-angeles-voters)
### [Prosecutor, Democrat, City Attorney? McKinney Makes His Case to Los Angeles Voters](https://ded2209.inmotionhosting.com/~citywa9/election-2024/33624-prosecutor-democrat-city-attorney-mckinney-makes-his-case-to-los-angeles-voters)
ELECTION 2026 - The race for LA City Attorney has been laced with political accusations and allegations that when close…
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)
### [The LA Watchdog’s 2026 Voter Guide](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)
LA WATCHDOG - My recommendations are influenced by the need for truly balanced budgets, fiscal responsibility, long ter…
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33626-the-fools-blame-game)
### [The Fools’ Blame Game](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33626-the-fools-blame-game)
THE VIEW FROM HERE - Angelenos do not use elections to plot a wiser course of conduct for Los Angeles, but rather they…
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33619-california-film-tax-credits-arent-enough-the-guilds-need-to-change-too)
### [California Film Tax Credits Aren’t Enough. The Guilds Need to Change Too.](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33619-california-film-tax-credits-arent-enough-the-guilds-need-to-change-too)
LONNIE’S VIEW - California used to be the center of the movie and television universe. If you wanted to make movies, yo…
[  ](https://ded2209.inmotionhosting.com/~citywa9/voices/33648-heres-what-zionisms-got-to-do-with-it)
### [Here’s What Zionism’s Got To Do With It](https://ded2209.inmotionhosting.com/~citywa9/voices/33648-heres-what-zionisms-got-to-do-with-it)
ICAN - The anonymous website “BHUSD Watch” recently published a long, detailed article about the current BHUSD board an…
---
## [ LA WATCHDOG ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog)
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33621-ratepayers-are-mad-as-hell)### [Ratepayers Are Mad As Hell](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33621-ratepayers-are-mad-as-hell)
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)### [The LA Watchdog’s 2026 Voter Guide](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33403-kawhis-slap-on-the-wrist)### [Kawhi’s Slap on the Wrist](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33403-kawhis-slap-on-the-wrist)
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33299-vote-no-on-charter-amendment-la)### [Vote NO on Charter Amendment LA](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33299-vote-no-on-charter-amendment-la)
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33280-vote-no-on-the-highly-regressive-10-3-4-sales-tax)### [Vote NO on the Highly Regressive 10¾% Sales Tax](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33280-vote-no-on-the-highly-regressive-10-3-4-sales-tax)