San Diego County's tax-assessed property value has reached a record high of $768 billion in 2024, $40.6 billion higher than last year, Assessor Jordan Marks…
San Diego County's tax-assessed property value has reached a record high of $768 billion in 2024, $40.6 billion higher than last year, Assessor Jordan Marks announced.
The 2024 figure"reflected unprecedented property tax savings" of over $300 million for homeowners, charitable groups, disabled veterans, small businesses and affordable and homeless housing projects, Marks said in a news release.He added that figure applies to over 500 residents affected by the severe winter storms in late January.
-- the highest assessed value growth rate was 7.46% in the city of San Marcos, while the lowest-assessed rate was 3.33% in the city of El Cajon;-- the largest assessed value increase was $19.3 billion; and -- Proposition 13 protection applied to 91% , limiting the property tax increase to 2%."If we don't close the tax roll on time, then county services will be interrupted, taxpayers impacted, and we would see a cascading effect that would impact revenues for public safety, schools, libraries, parks and other key government services," he said.
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