According to the Los Angeles Times county residents are sitting on $1 Trillion dollars worth of Tax Roll assessed Real Estate. Interestingly this figure is an increase on the level on 2000 which was at around $577 billion. This is a massive increase in the last few years. L.A. County’s Tax Roll’s incorporate around 2.3 million parcels of land and over 300,000 pieces of business equipment, boats and airplanes.
This shows that the local Real Estate Market is growing or at least stable with Southern California not just leading the nation – and the world – but forming an integral part of it. Southern California is the luxury Real Estate market. Between Beachside homes in Malibu to cliff top casa’s on the coast to the huge homes in the hills, the diversity and exclusivity of Southern Californian Real Estate is famous world wide.
The increase in this taxable value is above the usual 7% annual rate on average over the last three decades. This is some of the most striking real estate news for a long time, it truely shows how Southern California’s real estate which comprises of many luxury homes is booming!
If you are thinking about relocating to Southern California then give Judy a call on 310-317-8396
