Assessor Reports 5.3% Growth In Manhattan Beach Property Values
Aug 08, 2025 04:59PM ● By Mb News Staff
The L.A. County Assessor has reported a 5.3% growth in Manhattan Beach property values over the past year, with a total assessed valuation of $27.6 billion.
The new report covers a total of 12,937 properties in Manhattan Beach: 11.159 single-family residential, 1,288 residential income, and 490 commercial/industrial.
The assessor's total valuation for Manhattan Beach jumped up from $26.2 billion from 2024.
Manhattan Beach's neighbors also experienced growth, with a 5.3% increase in Hermosa Beach and a 3.6% increase in Redondo Beach.
Los Angeles County Assessments Grow Despite Fires
Despite the devastating L.A. wildfires that destroyed more than 10,000 homes and 23,000 property parcels, the county-wide 2025 Assessment Roll increased
by $82 billion or 3.91% over last year, marking 15 years of continuous
growth with an estimated net local roll value of over $2 trillion.
The 2025 Assessment Roll’s growth translates to $2.176 trillion in total net value, which is set to put more than $20 billion in property tax dollars toward public services such as public education, first responders and healthcare workers, as well as other county, municipal and public education services.
The assessor establishes the assessed value of all taxable property in Los Angeles County each year. Taxable property includes land and buildings as well as business property that includes furniture, machinery and equipment. Assessments are based on property values as of January 1, 2025.
The 2025 Assessment Roll’s growth translates to $2.176 trillion in total net value, which is set to put more than $20 billion in property tax dollars toward public services such as public education, first responders and healthcare workers, as well as other county, municipal and public education services.
The assessor establishes the assessed value of all taxable property in Los Angeles County each year. Taxable property includes land and buildings as well as business property that includes furniture, machinery and equipment. Assessments are based on property values as of January 1, 2025.
Median L.A. County Home Value $950,000
While the housing market has shown signs of slowing, median home sales
prices remained robust, reaching a high of $950,000. In fact, property
transfers served as the single most significant factor contributing to
this year’s growth - adding $51 billion in additional value.
The inflation adjustment mandated under Proposition 13 was also a significant factor that contributed to Assessment Roll growth. This year, the California Consumer Price Index trended well beyond the Proposition 13 cap, so the maximum 2% inflation factor was applied. This resulted in a $41 billion increase to the 2025 Assessment Roll.
Although wildfire response efforts diverted resources away from new construction, the Assessor’s Office implemented new strategies to maintain productivity and prioritize high-value projects. As a result, new construction contributed an additional $8 billion to the 2025 Assessment Roll.
This growth does not mean property owners will be subject to a corresponding increase on their annual property tax bills. Most property owners will see only a 2% adjustment prescribed by Proposition 13.
The inflation adjustment mandated under Proposition 13 was also a significant factor that contributed to Assessment Roll growth. This year, the California Consumer Price Index trended well beyond the Proposition 13 cap, so the maximum 2% inflation factor was applied. This resulted in a $41 billion increase to the 2025 Assessment Roll.
Although wildfire response efforts diverted resources away from new construction, the Assessor’s Office implemented new strategies to maintain productivity and prioritize high-value projects. As a result, new construction contributed an additional $8 billion to the 2025 Assessment Roll.
This growth does not mean property owners will be subject to a corresponding increase on their annual property tax bills. Most property owners will see only a 2% adjustment prescribed by Proposition 13.
