Business & Real Estate

Property values in Sacramento region up 6 percent, BOE reports

Reflecting the real estate market’s recovery, assessed property values in the five-county capital region for 2014-15 grew by more than 6 percent year-over-year to nearly $250 billion, according to the California State Board of Equalization.

Sacramento County was one of the top 12 counties with the biggest percentage increase, up $130.2 billion or 6.4 percent from 2013-14. Other regional counties tallied by the BOE were: Placer, $59.9 billion, up 6.9 percent; El Dorado, $27 billion, up 5.1 percent; Yolo, $22.5 billion, up 6.5 percent; and Sutter, $8.3 billion, up 5.1 percent.

Statewide, the value of county-assessed property increased by $279.7 billion, or 6.2 percent, to $4.825 trillion.

Fifty-five of California’s 58 counties posted year-over-year increases in assessed value, BOE said.

Call The Bee’s Mark Glover, (916) 321-1184.