Burbank, Glendale rank in top 10 valued cities in annual tax report

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.