Property Tax Revenue Increases in Contra Costa County, as Assessed Values Hit Record High
Contra Costa County will benefit from an increase in property tax dollars, as the assessed value of taxable property increased almost 5 percent from last year to this year, Assessor Gus Kramer announced August 7. “The increase to the local tax base for 2020-21 is nearly $10.5 billion,” Kramer wrote in a letter to the county Board of Supervisors. “This represents a 4.87 percent increase in assessed value and brings the total net local assessment roll to over $225.7 billion.…