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LA County assessor reports 4.42% growth in assessed values; highlights small‑business relief and homeowner alerts
Summary
Los Angeles County Assessor Jeff Frang told the Glendora City Council the county closed its annual roll showing a 4.42% rise in assessed value and described county actions — including a higher threshold for business personal property assessments and homeowner alert tools — aimed at easing burdens on small businesses and preventing title fraud.
Los Angeles County Assessor Jeff Frang briefed the Glendora City Council on county assessment results and several programs he said will affect local residents and businesses.
Frang said the county’s annual assessment roll closed with a 4.42% increase in assessed value and cited two primary drivers: reassessment upon property transfer and the Proposition 13 annual 2% cost‑of‑living adjustment. He told the council the COLA added roughly $43 billion to the assessment roll and that new construction and accessory dwelling units also contributed to growth, while some commercial losses—particularly downtown office towers—reduced value in specific pockets.
Frang emphasized changes his office has pursued to reduce administrative burdens on small firms. He described a recently adopted county “low value ordinance” that raises the business‑personal‑property filing threshold from $5,000 to $10,000 — the maximum permitted — and said the change will spare an estimated 43,000 small businesses countywide from filing and paying minimal assessments that cost the office more to process than they generated in revenue. “If you have under $10,000 of equipment, you’ll no longer have to file that form or pay that tax,” Frang said.
The assessor also reviewed Proposition 19’s rules on portability and inherited property, saying Prop 19 allows senior and disabled homeowners to transfer a tax base to a new home (with limits) and narrowed inheritance protections so heirs must move into an inherited primary residence and meet filing requirements to retain reassessment benefits. Frang warned that with median home prices near $1 million, many heirs may face reassessment and higher taxes.
Frang closed by promoting several homeowner services: an e‑service account for property owners to update mailing addresses and file exemptions online, and a homeowner alert system that emails owners when activity is recorded on a deed (he said the system should notify owners within 48 hours of a recording, versus many weeks for mailed notices).
Why it matters: Changes to business‑personal‑property filing thresholds and outreach on homeowner protections and title‑fraud alerts affect residents’ monthly bills, local fiscal forecasts and the city’s outreach responsibilities. Councilmembers thanked Frang and asked staff to help publicize the homeowner‑alert signup and exemptions information.
The presentation was informational; no city action was required or taken on the assessor’s recommendations.
