L.A. County to lower assessments

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L.A. County Assessor Rick Auerbach said today that 333,000 homeowners will get their property taxes reduced thanks to a review that has lowered assessed values. The average reduction in value for single-family residences is $126,000, or about $1,400 off the annual property tax bill. Affected homeowners will be notified by mail. Here’s The Times’ story.

For more information, go to http://assessor.lacounty.gov.

-- Peter Y. Hong