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 bills manageable amid rising values. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7ad2753e23e772ba