Redondo Beach Propery Values Rising

Blog, Community News, Market Updates, North Redondo Beach News
As a city, Redondo Beach ranked 12th in total assessment values, according to the Los Angeles County Assessor’s Office. In Redondo Beach, the year-to-year change was an increase of 2.7 percent.  Redondo Beach ranked at No. 12 in the county with a total assessment of $12.372 billion. Neighboring Manhattan Beach ranked No. 11 with a total assessment of $12.713 billion. Between 2010 and 2011, the city saw its assessment values increase by 1.4 percent. The city with the highest year-to-year increase in the county was Beverly Hills, which had a 6.5 percent jump. Rolling Hills saw the second highest at 6 percent. The total assessment of properties in the county is more than $1.13 trillion, a $24.8 billion jump over last year, according to the Assessor’s Office. When tax-exempt assessments and state-funded homeowners’ exemptions are factored in, the county’s net assessment roll is $1.079 trillion, up 2.2 percent from last year.