Assessed values rise

Despite a surge in home foreclosures in the region, the total assessed value of properties across Los Angeles County has increased for yet another year, to more than $1 trillion, county officials are expected to announce today. Troy Anderson in the Daily News.

The 7 percent increase pushes the county assessment rolls to $1.1 trillion and marks the second year assessments have topped that pricey milestone, Assessor Rick Auerbach said.

The rise also marks more than a decade of consecutive increases in assessed values of county residential and commercial properties, although the rate of increase is down from 9.3 percent the prior year.