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La Puente's 2017 Assessed Valuation up 5.4%

Post Date:06/01/2018 2:16 PM

 

City Manager David Carmany announced today that the City’s assessed valuation rose 5.4% in a single year.

La Puente has 6,917 single family residential properties, 230 residential income properties, and 436 commercial-industrial properties. Total assessed valuation in 2017 was 2.21 billion, up some 5.4% from the 2016 assessed valuation of 2.09 billion.

This represents strong economic growth and a record-setting increase in the value of taxable property. La Puente receives a portion of the property tax, and relies on this revenue to fund essential local public services.

For questions or to learn more about La Puente contact City Hall at (626) 855-1500.

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