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Assessed Property Value Takes Big Jump In Sacramento Region


The California Board of Equalization said Tuesday that assessed property values in the capital region jumped an average 6.3 percent to $248.2 billion. The region includes Sacramento, Placer, El Dorado, Sutter and Yolo counties. 

The assessments include commercial and residential property. 

The Board of Equalization said the higher values are a sign that California's economic recovery is "gaining traction" throughout the state. 

The higher values may also mean increased property taxes for some homeowners. 

Placer County led the region with a 6.9 percent increase in assessed value, followed by Yolo County at 6.5 percent and Sacramento County at 6.4 percent. 

The assessed property values increased in the Central Valley. The increase was 8.9 percent in the northern San Joaquin Valley (Madera, Mariposa, Merced, San Joaquin, Stanislaus and Tuolumne counties. 

Sacramento County's increase was the fourth largest of 12 counties in the state with assessed property values exceeding $100 billion.


State Property Inforgraphic 1415_v3

 economyreal estatehome salesCalifornia economy

Ed Joyce

Former All Things Considered Anchor & Reporter

Ed Joyce is a former reporter and All Things Considered news anchor at Capital Public Radio. Ed is a veteran journalist with experience in a variety of news positions across all media platforms, including radio, television, web and print.   Read Full Bio