Byline: Daily News

LANCASTER - Lancaster and Palmdale led Los Angeles County's rise in assessed property values, thanks to construction of new homes and businesses and rapidly increasing real estate prices, county officials said.

Lancaster's assessed valuation climbed 20.8 percent last year to nearly $7.5 billion, making it No. 16 among Los Angeles County's 88 cities. Palmdale's assessed valuation climbed 19.2 percent to more than $8.5 billion, or No. 13 among county cities.

The change in valuation takes into account new construction and the ...

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