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Article: Highest assessed properties.(The List)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 5, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ranked by total assessed value
EXECUTIVE SUMMARY
The 25 properties with the highest assessed value in L.A. County had aggregate taxable worth of $17.7 billion in 2003. The list is still led by the J. Paul Getty Center, though there was movement among other properties because of accounting adjustments.
Because the county's tax record keeping system was unable to accommodate properties with assessed values greater than $1 billion, it has started shifting some parcels or portions of parcels to its "cross-referenced" tax roles, which include mineral and water rights, possessory interests and mobile homes from the secured tax roll, which looks only ...