News

An increase in property values to provide additional $50 million in taxes

The total value of taxable parcels in the county is expected to rise by about 4.25% in 2013, the largest jump since the depths of the recession in 2009, according to new figures released by the county assessor. That should deliver a $50-million boost in tax revenues to county government, officials said.

By Jason Song, David Zahniser and Kate Mather, Los Angeles Times