# The Proposition 13 Commercial Land Audit: How Frozen 1975 Assessments & Wall Street Buyouts Split Burbank’s Tax Roll 21.8×

> Burbank Ledger — Independent civic data for Burbank, California

Parcel-by-parcel audit of 426 major private commercial, studio, and industrial parcels in Burbank by statutory Land Base Year (landbaseyr): 1975-1979 cohort (34 parcels, 203.1 acres) averages $155,638/acre ($3.57/sq. ft.) vs. 2018-2026 cohort (147 parcels, 463.9 acres) at $3,387,670/acre ($77.77/sq. ft. — 21.8x higher), shielding ~$656.4M in land value (~$7.22M/yr in property taxes). Explains why AT&T's June 2018 acquisition of Time Warner triggered a CA Rev. & Tax. Code Section 64(c) reassessment of Warner Bros. Entertainment Inc. (4000 Warner Blvd reset to 2018 base at $91.65/sq. ft., $732.01M roll) while Walt Disney Studios (500 S Buena Vista St) retains its 1975 land base ($6.12/sq. ft., saving ~$1.75M/yr on land tax). CSV: /downloads/commercial-parcels-tax-roll.csv.

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