We asked Assessor Prang some questions about the role and responsibility of his position and how those responsibilities impact Westside neighborhoods.

How are properties valued?

The appraisal of property begins using industry standard methods: the market, cost, and income approaches. The appraisal may be adjusted based on a number of considerations, including partial ownership, exclusions, exemptions, Prop. 13 limitations, etc.

Read More: https://smmirror.com/2022/02/prang-seeks-third-term-as-la-county-assessor/