County’s Assessed Property Value Growth Slows
Wednesday, February 18, 2009
San Diego County’s Property Tax Assessor says the number of people requesting property reassessments is on track to be as high this year as last year. But he says, the brunt of the reassessments may have already been done. KPBS reporter Aliso,n St John has more.
The overall assessed value of all property in San Diego County is still growing but at a fraction of the growth in previous years. It rose only 4.6 % last year from the year before, and this year the growth is likely to be less than half that.
Interim County Tax Assessor Dave Butler says his office reassessed 80 thousand properties last year . That's about 8% of all the County's parcels.
He says there’s a steady stream of people applying to be reassessed this year, but it may not result in as many lowered assessments as last year.
Butler: "That’s what I’m thinking is we’ve got more than half, the majority of them last year, we’re certainly going to have more this year but whether we’re going to have another 80 thousand I don’t know yet."
Butler says California sees less violent swings in property values than other states, because Proposition 13 limits property tax growth to 2% a year.
Alison St John, KPBS news.