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Santa Monica Hits $55B in Value | Venice Beach News
Santa Monica’s property value soars to nearly $55 billion, ranking it among LA County’s top three most valuable cities. Despite wildfires and a cooling market, the county’s total taxable value hit a record $2.272 trillion — up 4.42% year-over-year — marking its 16th straight year of growth. This surge, fueled by property transfers ($49 billion) and inflation adjustments ($42.7 billion), is expected to generate over $27 billion in new tax revenue to fund schools, public safety, healthcare, and libraries. Thanks to Proposition 13, most homeowners will only see a modest 2% tax increase, keeping…
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