Manhattan Beach Assessed Property Values Up 5.3%Aug 08, 2023 06:42PM ● By Mb News Staff
The L.A. County Assessor has released its Assessment Roll figures for 2023, showing that the assessed value of Manhattan Beach property has gone up 5.3 percent over the past year.
The Assessment Roll is the annual inventory of all taxable real and business property in the county from which property taxes are calculated and collected.
The total 2023 Assessment Roll net value for Manhattan Beach is $24.93 billion, a $1.25 billion or 5.3% increase over the prior year.
From a longer-term perspective, that's an increase of about $11.5 billion from 10 years prior, when the total of assessed values was $13.45 billion.
The tax roll for Manhattan Beach includes 11,137 single-family homes, 1,304 apartment complexes, and 495 commercial-industrial parcels for a grand total of 12,936 taxable properties.
Countywide, the 2023 roll reflects a total net value of $1.977 trillion, representing the 13th year of consecutive property value growth, with a $111 billion increase or 5.91% growth over 2022.
That total value will generate about $20 billion to be allocated for local public services, such as public safety, public schools, roads, hospitals, librarians, and more.
For a comparison of Manhattan Beach with other nearby cities, see the analysis on Manhattan Beach Confidential.
Click here for the link to assessed values for all cities in Los Angeles County.