SD property values up 3%

SD property values up 3%

This year’s assessed value of taxable property in San Diego County rose 3 percent from last year because of an improving housing market, new construction and changes in ownership, the county assessor’s office said this week.

The total tax roll for 2013 totaled $408.8 billion, up from $395.1 billion a year ago, as of Jan. 1. Roughly $3.9 billion in property taxes would be generated from this year’s tax net assessed value, up from about $3.8 billion last year.

Property taxes are key for municipalities and schools, said San Diego County Assessor Ernie Dronenburg. Of the 18 cities in the county, all of them saw growth in assessed value. Del Mar recorded the highest increase, at nearly 7 percent. Oceanside experienced the smallest increase, at a little over 2 percent, assessor’s numbers show.

Read the whole article here.

Photo: Howard Lipin

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