All posts by singlemalt

Native Angeleno and Industrial real estate agent since 1994.

California leading growth in nation’s green jobs economy

New green jobs sprouted faster than the overall workforce expanded in California and across the nation from 1998 to 2007, according to a study released Wednesday by the Pew Charitable Trusts.

Even in the current economic downturn, investments in venture capital projects such as energy-efficiency programs and renewable energy are expected to continue expanding, fueled by billions of dollars in federal economic recovery grants, the research foundation predicted in its “Clean Energy Economy” report.

California led the nation in all categories measured. In 2007 alone, clean energy spurred the opening of 10,209 businesses with 125,390 jobs in the state. Venture capital investments in the Golden State totaled nearly $6.6 billion from 2006 to 2008, about five times greater than investments in runner-up Massachusetts.  Fields that will need more workers include clean energy production, energy efficiency, environmentally friendly manufacturing, and conservation and pollution control. Excerpts from Los Angeles Times 11/09.

This month, Standard BioDiesel expanded into Los Angeles County by leasing a land site to collect cooking oils from restaurant kitchens to process into biodiesel.  They plan on expanding to a larger land parcel within 12 months.

An Overview – Property Tax & Assessment Process

County of Los Angeles, California, United StatesIt takes three separate Los Angeles County offices, Assessor, Auditor-Controller, and Treasurer and Tax Collector to produce and account for your property tax bill and payment.

Assessor.  The Los Angeles County Assessor establishes the assessed value of your property by appraising the value of that property under applicable State laws. The assessed value is then placed on a list with all other properties in Los Angeles County and this list is called the “Assessment Roll.” The Assessor also approves and applies all exemptions, which are added to the Assessment Roll. The Assessment Roll is then presented to the Los Angeles County Auditor-Controller for further processing.

Auditor-Controller.  The Los Angeles County Auditor-Controller adds direct assessments to the Assessment Roll then applies the tax rates, which consists of general (1%) levy and debt service (voter & bonded) tax rates to the value to create an Extended Assessment Roll. The Extended Roll is then sent to the Los Angeles County Treasurer and Tax Collector for individual tax bill distribution and payment collection.

Treasurer and Tax Collector.  The Los Angeles County Treasurer and Tax Collector receives the Extended Roll, prints and mails the property tax bills to the name and address on the Extended Roll. The Treasurer and Tax Collector collects secured and unsecured taxes. Secured taxes are taxes on real property, such as vacant land, structures on land, i.e. business/office building, home, apartments, etc. Unsecured taxes are taxes on assessments such as office furniture, equipment, airplanes and boats, as well as property taxes that are not liens against the real property.

L.A. County Tax Assessor – Facts

Los Angeles County Property Assessor Search - Property Walls

Total 2009 local tax roll or assessed value: over a trillion dollars at $1,108,055,865,679.  Commercial Industrial parcels consist of 253,291 parcels of a total parcel count of 2,352,255 with the commercial industrial total assessed value of $328,000,000,000 ($328 billion), or 31% of the total.  The City of Los Angeles contains a $413 billion in assessed value for both residential and commercial industrial.

Commercial Industrial Parcel Counts by key industrial cities:

  • City of Commerce: 1,400
  • Pico Rivera: 1,067
  • Vernon: 1,372
  • Los Angeles: 66,419