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San Joaquin County Home Values And Property Taxes Jump

 
danielmoyle / Flickr
 

danielmoyle / Flickr

New property tax assessments are being mailed to homeowners in San Joaquin County this month. Many are in for a shock with home values jumping as much as 40 percent.

This is the second year in a row that assessed property values have risen in San Joaquin County after four years of decline.

The total assessed value rose just over 9 percent, but many homeowners have seen their property values rise by 30 or 40 percent.

San Joaquin County Assessor Kenneth Blakemore calls it a double-edged sword with homeowners seeing their property go up in value, but with the property tax bills going up too.

"On a typical $200,000 home it could be going up $600 a year, that's 30 percent."

Sothary Chea saw her assessed value jump $20,000.

"I was just looking at the numbers and it kind of caught me off guard, especially with the area we're in, I would assume it's going to affect a lot of families," Chea said.

Blakemore says county offices will see some more revenue, but most of the property tax money will go to the state and to schools.