The San Diego County Assessor Thursday licensed the 2022 assessed worth roll of all taxable property within the county, a file $679.15 billion, 8.27% larger than the 12 months earlier than.
That represents a $51.8 billion acquire in worth and relies on assessed values as of Jan. 1, 2022. The state’s Prop 13 restricted 888,884 properties to a 2% assessed worth improve — supposed to ensure affordability for property house owners and ship income for presidency companies.
The roll consisted of 1,011,214 actual property parcels, 55,071 enterprise private property accounts, 13,410 boats and 1,541 plane. The roll’s whole web assessed worth is $652.95 billion after deducting $26.19 billion for a file discount leading to greater than $260 million in property tax financial savings for householders, disabled veterans, and charitable organizations, in accordance with an announcement from the county assessor’s workplace.
“Whereas some assessor’s places of work have struggled, my extraordinary employees closed the tax roll on time and full,” mentioned Ernest Dronenburg Jr., the county’s assessor, recorder and clerk. “If we don’t shut the tax roll on time then county companies shall be interrupted, taxpayers impacted, and we might see a cascading impact that will impression revenues for working faculties, libraries, parks and different key emergency companies.”
The property tax discount outreach program, led by Chief Deputy Assessor/Taxpayer Advocate Jordan Marks, certified 469,962 householders for $32.8 million and a file financial savings of $18.7 million in property tax financial savings for 12,760 San Diego County disabled veterans.
Marks additionally led outreach to reasonably priced housing and homeless service suppliers that resulted in a file variety of 5,254 nonprofit entities, saving greater than $210 million in property taxes for organizations that present reasonably priced housing, senior low-income housing, homeless companies, faculties, church buildings, museums, and different charitable organizations.
“Due to Prop 13, no house owner ought to lose their residence as a consequence of unaffordable property taxes from the latest skyrocketing residence costs,” Marks mentioned. “On the identical time, governments will obtain file excessive dependable funding for the tenth straight 12 months to ship key companies, like faculties and first responders.”