Property taxes in Los Angeles County are projected to increase by 4% in the upcoming fiscal year, bringing in an additional $164 million for the county. This is due to rising home values across the state leading to higher property tax assessments and revenues for cities and counties. While some counties saw larger drops in home values during the recession and may see slower recovery, LA County CEO Bill Fujioka predicts a 7% rise in property tax revenues as about 345,000 homes in the county were reassessed with slightly higher values than their previous base assessments. The increased tax revenues will provide more funding for services like social programs. However, some economists warn that areas like Riverside County that saw more foreclosures may see a slower recovery