PROPERTY TAX:
Assessed Values Increase More Than $374 Billion Statewide, Leading to More Revenue for Local Government

Growth in assessed property values for 2018-19 shows that the property tax system under Proposition 13 continues to be a stable and growing source of local revenue. In the past year, assessed values in California increased more than $374 billion.

The county with the largest increase in assessed values was Los Angeles, with an increase of more than $93.6 billion. Orange County and Santa Clara County rounded out the top three.

Every county experienced assessment roll growth. On a percentage basis, San Francisco’s assessed values grew the most at 10.85 percent, from $231.4 billion to $256.5 billion.

For most counties, this year’s growth comes on top of several years of steady increases. The assessors in Los Angeles and Santa Clara counties both indicated that this year was the eighth consecutive year of strong growth.

The increases in assessed values will provide more property tax revenue for local schools, fire and police services, and local government services.

 


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