Property taxes increase by 6.1%, says Placer County assessor

Published: Sunday, Jul. 14, 2013 - 12:00 am | Page 2B
Last Modified: Monday, Jul. 15, 2013 - 8:19 am

Placer County saw a 6.1 percent increase in 2013 property tax assessments, the county assessor has announced.

In dollar terms, that is $3.1 billion in increased property taxes for the six incorporated cities and the unincorporated county.

The sharpest increase was seen in Lincoln, which saw a 9.19 percent rise in assessed property values between 2012 and 2013. The once-booming city was one of the local cities hit the hardest by the economic downturn.

While Proposition 13 limits the increase in assessed value to 2 percent, new and resold homes are assessed at current market value.

Some nearly 48,000 properties will see increases in the property tax assessment because of the improving economy, said Kristen Spears, county assessor.

Call The Bee's Ed Fletcher, (916) 321-1269. Follow him on Twitter @newsfletch.

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