Downey property values grow by 5.3%

Photo by Pam Lane, DowneyDailyPhotos.com

DOWNEY — The total assessed value of all Downey properties increased by 5.3% this past year to a total value of approximately $13.18 billion. 

The figures were released Monday by the L.A. County Assessor. 

Despite the pandemic, local cities saw increases in total assessed property values, which were attributed to sales, new home construction, and the annual inflation adjustment. 

Downey properties increased more than $658 million from 2019 to 2020. 

Downey has 23,384 property lots within city limits; of those, 22,050 are residential or residential income properties.