Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Assessor: wildfires affected about 23,500 parcels; preliminary assessed‑value loss roughly $10.7 billion
Summary
Los Angeles County Assessor Jeffrey Prang told the Board that wildfire damage has affected roughly 23,500 parcels, including about 12,000 destroyed properties, and that the office has processed 17,000 calamity assessment reductions so far; estimated assessed‑value loss is about $10.7 billion and may rise to $12–13 billion.
Jeffrey Prang, Los Angeles County Assessor, told the board May 7 that the assessor’s office has identified approximately 23,500 parcels impacted by this year’s wildfires and has already taken steps to reduce the assessed values for many owners.
Prang provided the office’s working numbers: about 12,000 parcels are completely destroyed and roughly 2,000 are damaged; to date his office has processed about 17,000 “misfortune calamity” assessment reductions. He said about 60% of those reductions were based on claims filed by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
