Property Tax

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);…