The city of Santa Clarita ranks third in Los Angeles County for growth in real estate and business property values, according to the 2019 tax assessment roll released by the Los Angeles County Assessor’s office.
Santa Clarita came in with $2.5 billion in growth, behind Long Beach at $3.1 billion and Los Angeles at $41.7 billion. Santa Clarita edged out fourth-placed Inglewood’s $2.4 billion.
Data showed a record high roll value of $1.6 trillion in total property value in the county, a growth of 6.25 percent over the prior year of $94.4 billion.
The 2019 roll comprises 2.57 million real estate parcels and business assessments throughout the county, including more than 1.8 million single-family homes, nearly 250,000 apartment complexes and 248,000 commercial and industrial properties.
“The strong growth in the local real estate market for the ninth consecutive year will have a positive impact on services for L.A. County’s 10 million residents,” Los Angeles County Assessor Jeff Prang said in a statement.
In Santa Clarita, the highest-valued activity involved mostly commercial construction and sale properties, according to data provided by the assessor.
“Santa Clarita is trending higher than the county average with a $35 billion total value,” Prang said. “Santa Clarita continues to be a desirable place to live and work. This is a reflection of a couple of things: an exceptionally well-managed city, high-quality services, good schools and that you can still get comfortable sized homes with good amenities.”