Property Tax

San Francisco Assessor-Recorder Joaquín Torres announced July 25 that San Francisco’s assessment roll value grew to a record $328 billion for 2021-22, an increase of 3.7 percent ($11.6 billion) over the previous fiscal year. “The 2021-2022 roll reflects the great work of my team, who successfully transitioned to remote work and continued to improve our ability to produce fair, accurate and timely valuations,” Torres said in a written statement. “It is an honor and privilege to lead an office that…

Assessors in four more counties have submitted their 2021 assessment rolls, and all reported year-to-year growth in the value of taxable property in their areas. Assessment roll value grew 4.19 percent in Fresno County, 3.35 percent in Napa County, 5.58 percent in Riverside County, and 6.5 percent in San Bernardino County. As of July 29, assessors in 18 of the state’s 58 counties had made their 2021 assessment rolls publicly accessible, and all noted increases from last year. The increases…

County assessors this month continued to report growth in the value of taxable property in their areas, which will translate to more property tax revenue for schools and local government. The Los Angeles County roll grew 3.7 percent, Assessor Jeffrey Prang reported July 15, marking the 11th consecutive year of growth in taxable values in the massive county. The 2021 roll grew $62.9 billion over the prior year to reach $1.76 trillion in total net value. Changes in property ownership…

It is the time of year when California’s 58 county assessors complete their assessment rolls and announce the total value of property subject to property tax – and Santa Clara County Assessor Larry Stone and Yolo County Assessor Jesse Salinas were first out of the box with announcements that their counties’ assessment rolls increased 4.6 percent and 4.45 percent this year, respectively, despite the pandemic. Santa Clara County’s assessment roll, which reports the total net assessed value of all real…

It is likely that local governments throughout the state will enjoy increases in their property tax revenue, based on assessment roll data released in recent days by assessors in several counties. As of late July 9, assessors in 11 counties had reported their 2020 assessment rolls, and all noted significant increases from last year in the value of taxable property within their counties: Fresno (up 5.5 percent); Kern (2.82 percent); Marin (4.5 percent); Orange (4.72 percent); San Mateo (7.02 percent);…