The Roll for 2021 has been closed and it reflects growth for Monrovia and the rest of the County. The comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians.
The Assessment Roll has to close by the end of the Fiscal Year on June 30. It has a total net value of $1.76 trillion, indicating 11 years of consecutive growth. The 2021 Roll also grew by 3.7% over 2020.
Monrovia for 2021 came in at $6.6 billion for taxable values, which is a 3.3% increase over last year’s numbers. This includes 7,796 single-family homes, 1,614 apartment complexes, 1,017 commercial-industrial parcels which totals to 10,427 taxable properties.
Assessments are based on the value of property as of the lien date of January 1, 2021, which was well into the pandemic. The overall value indicates growth however, the total also reflects a reduction of $5.5 billion in business personal property, which includes machinery, equipment, boats and aircraft.
Additionally, daily commuting and other travel have declined due to stay-at-home orders, resulting in reduced fuel demand, which in turn led to reduced fuel prices. Due to this, several major refineries saw a decrease in net cash flow and a commensurate reduction in fixture value.
The Roll contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down the number of single-family residential homes, apartments and commercial-industrial parcels.
This year’s Roll comprises 2.58 million real estate parcels as well as business assessments countywide. That includes 1,885,579 single-family homes, 250,190 apartment complexes, 248,293 commercial and industrial properties and more than 161,488 business property assessments.
Since the Roll is the inventory for all taxable property in the County, it can provide insight into how the real estate market is doing. It is also driven in large measure by real property sales, which added $44.9 billion.