Burbank and Glendale ranked in the top 10 most valuable cities in Los Angeles County last fiscal year despite stagnant growth, according to a report released today.
Glendale ranked fifth on the county assessor’s report for 2011, coming in with an assessed value of $23.2 billion after growth of 1.7% compared to the year before.
Burbank ranked ninth, with an overall property valuation of $18.1 billion after losing 0.7% compared to 2010, according to the report.
Los Angeles came in at No. 1, with a massive $409-billion valuation, up slightly by 1.3% from the year prior. Long Beach came in a distant second at $42.9 billion.
Burbank and Glendale property taxes remain firmly rooted in single-family residential. In Glendale, they make up 34,192 of the 43,448 taxable parcels. In Burbank, single-family homes make up 22,182 of 28,486 parcels, according to county assessor’s report.
Pasadena ranked sixth in the report, with a total tax value of $21.3 billion, up 2.1% compared to 2010. Of the 38,355 taxable parcels there, 31,040 are single-family residential.