Claremont, La Verne Property Values Up

Property values are going up in Los Angeles County, according to the Assessor's Office, which announced Monday a 2.24 percent jump in the total assessed value of properties on the tax roll.

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.

Not surprisingly, the city of Los Angeles has the highest assessed value in the county at $419.1 billion -- up 2.5 percent from last year. Long Beach placed second at $44.1 billion.

Both Claremont and La Verne saw increases in year-to-year valuation.  Claremont is up 2.2 percent and La Verne had a 2.3 percent change.

Beverly Hills had the highest year-to-year jump in valuation for 2012, up 6.5 percent. Other cities with sizable jumps in assessed value were Rolling Hills at 6 percent, Bradbury at 5 percent and San Marino at 4.9 percent.

--Local Editor Melanie C. Johnson contributed to this report.