Wednesday, July 2nd, 2008

A blog posting at reported on the results of the Orange County Tax Assessor’s 2008-09 Local Assessment Roll of Values.  The total net taxable value is over $424.0 billion, an increase of $15.2 billion, and up 3.74% over last year.

According to the Tax Assessor’s press release, “Irvine is firmly the county’s number one city with the highest total assessed value of $47 billion, an increase of 6.22% over last year. Newport Beach is second with a value of almost $38 billion or a 5.83% increase over last year. Anaheim is the third highest at $34.9 billion. The City of Seal Beach has the largest percentage increase in value this year, up about 9.89%, followed by Tustin with a 9.71% increase, and Laguna Beach with a 6.88% increase.”

The report also showed that Seal Beach had 6,385 parcels – only La Palma, Los Alamitos, and Villa Park had smaller parcel counts.

Assessed values are not the same as selling prices.  Visit my website to learn more.  Or call me and I would be happy to discuss this with you. 

A recent post at reported on the relative strength of the industrial market locally.  It reported on the Pacific Gateway Business Center in Seal Beach, a development totaling 830,000 square feet. Six of the 10 buildings have been sold. Three buildings recently sold for $38.8 million, despite the instability in the financial markets.

It mentioned also that companies relocating to the Seal Beach area were a mixture of apparel, automotive, household products and appliances, aerospace, pharmaceutical, construction, electronics, and banking industries.