Real Estate News

Placer County leads property values climb in the Sacramento region

The value of state- and county-assessed properties of four counties in the Sacramento region rose compared with year-ago totals, according to the state Board of Equalization.

BOE figures showed Placer County with the highest year-over-year percentage gain – about 6 percent to $56 billion.

Sacramento County saw values increase about 4 percent to $122.4 billion. Yolo County likewise rose about 4 percent year over year, to $21.1 billion. El Dorado County had a gain of about 1 percent to $27.7 billion.

BOE said the statewide value of property assessed by county governments increased $187.9 billion (4.3 percent) to $4.545 trillion.

The board said 51 of California’s 58 counties posted year-to-year increases in assessed value.

Each year, the state’s 58 county assessors are required to report their assessment roll to BOE. Totals reported for 2013-14 represent property values on Jan. 1, 2013. Those values are used to calculate amounts homeowners and commercial property owners owe county governments in property taxes.