L.A. NOW

Southern California -- this just in

« Previous Post | L.A. NOW Home | Next Post »

L.A. Now Live: Discuss probe into assessor's office

Times reporter Jack Dolan will join city editor Shelby Grad for the latest on the alleged corruption in the office of Los Angeles County Assessor John Noguez.

The live Web chat is scheduled for 9 a.m. today.

Dolan and Times database editor Doug Smith reported that Noguez's office slashed the taxable value of the company properties of Noguez's biggest donor, Douglas Emmett.

After the real estate bubble burst in 2008, Santa Monica-based Douglas Emmett Inc. pleaded for tax breaks on its portfolio of posh office buildings, but with only modest success.

After Noguez was elected in 2010, the taxable value of Emmett's company properties had been reduced by $307 million, four times what he had received in the previous four years, according to a Times analysis of tax records. The county ended up refunding the company more than $4.5 million in 2011.

The company's success last year stood out, even among other office building owners who bought at the height of the market and won reductions. Douglas Emmett's tax bills were reduced an average of 27% per building; for everyone else, it was 16%, the analysis found.

 
Comments () | Archives (0)

Connect

Recommended on Facebook


Advertisement

In Case You Missed It...

Video

About L.A. Now
L.A. Now is the Los Angeles Times’ breaking news section for Southern California. It is produced by more than 80 reporters and editors in The Times’ Metro section, reporting from the paper’s downtown Los Angeles headquarters as well as bureaus in Costa Mesa, Long Beach, San Diego, San Francisco, Sacramento, Riverside, Ventura and West Los Angeles.
Have a story tip for L.A. Now?
Please send to newstips@latimes.com
Can I call someone with news?
Yes. The city desk number is (213) 237-7847.

Categories




Get Alerts on Your Mobile Phone

Sign me up for the following lists: