A.V. CITIES LEAD VALUE INCREASE.Byline: Daily News LANCASTER - Lancaster and Palmdale led Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County's rise in assessed property values, thanks to construction of new homes and businesses and rapidly increasing real estate prices, county officials said. Lancaster's assessed valuation climbed 20.8 percent last year to nearly $7.5 billion, making it No. 16 among Los Angeles County's 88 cities. Palmdale's assessed valuation climbed 19.2 percent to more than $8.5 billion, or No. 13 among county cities. The change in valuation takes into account new construction and the reassessment Reassessment The process of re-determining the value of property or land for tax purposes. Notes: Property is usually reassessed on an annual basis. You may request a "reassessment" if you disagree with your assessment. that takes place when real estate is sold, plus the maximum 2 percent rise allowed by state law due to inflation. Approximately 77 percent of Lancaster's growth in valuation is due to real estate sales, which includes purchases of new homes, assessor's officials said. The Antelope antelope, name applied to a large number of hoofed, ruminant mammals of the cattle family (Bovidae), which also includes the sheep and goats. The North American pronghorn is sometimes called an antelope, but belongs to a separate, related family (Antilocapridae). Valley's real estate market continues to grow thanks to historically low interest rates and the demand of an expanding population for reasonably priced homes, officials said. Palmdale also owes much of its valuation growth to ownership changes, assessor's officials said. Palmdale's population of more than 136,000, with an average household income of $73,000, is drawing increased commercial activity, officials said. Home builders last year were issued permits to construct 2,096 new homes in Lancaster and 1,366 homes in Palmdale - up 115 percent and 45 percent, respectively, from the previous year. No. 3 in the valuation increase was Hawaiian Gardens, up 16.7 percent to $560 million, followed by Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, , up 14.9 percent to $16.9 billion. For Los Angeles County overall, assessed values for 2005 hit a record $855.8 billion, of which $315.1 billion is in the city of Los Angeles
The values were up 9.6 percent, influenced mostly by increasing home prices and sales. ``We are a long way from the 2 (percent) to 3 percent value gains of the 1990s,'' Assessor Rick Auerbach Frederick Steven Auerbach (born February 15, 1950 in Woodland Hills, California) was an shortstop in Major League Baseball. He played from 1971-1981. See also
A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. ahead, but all the signs show a seller's market continuing in the near future and no bursting bubble anytime soon.'' |
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