Good news: Land in San Diego County has never been worth again.
The San Diego County Assessor-recorder-Recorder-County Clerk reported that the gross value of all taxable property – residential, commercial and industrial – has reached a record of $ 806 billion, the highest in the history of the province.
That figure reflects an increase of 4.95%, or $ 38 billion, compared to last year, after certification by assessor Jordan Z. Marks.
Despite a decrease in housing sales by 23% – the lowest since 2007 – the inventory of housing has kept the prices strong, so that steady growth in the basic values is fueled. In the past three decades, the value of the ownership of San Diego County has risen almost every year, with falls only during the large recession, according to a press release.
“The tax role of 2025 shows that San Diego County is the gold standard in honesty, transparency and taxpayers in the first place based on a 98.5% positive customer service rating of our customers,” said Marks.
San Diego County is the fourth largest assessment jurisdiction in the US, with more than 1 million taxable real estate packages, 55.478 Business property accounts, 15,162 boats and 1,562 aircraft.
After $ 32.2 billion in savings on the taxpayer, the net assessment value of the province is $ 773.9 billion. This translates into a record of $ 7.73 billion in real estate tax for schools, libraries, parks, public safety, fire protection, water and other services – of $ 358.7 million from last year.
“My extraordinary San Diego Assessor team showed leadership, it meets our dedication to close the tax role complete and on time,” said Marks. “If we do not close the tax role on time, provincial services will be interrupted, taxpayers will be influenced and we will see a step -by -step effect that would affect the income for public safety, schools, libraries, parks and important government services.”
Proposition 13, which increases the annual real estate tax by 2%, protected more than 92% of the properties – around 945,000 in total – and added $ 14.1 billion to the role of 2025.
“Thanks to Proposition 13, no homeowner may lose their home due to priceless real estate tax, and our local government agencies receive a stable and reliable record -high income financing for the 13th consecutive year,” said Marks.
In addition, Proposition 8 yielded more than 17,500 reductions of real estate tax as a result of temporary fall in market values. While the residential prices recovered, those reductions were restored, which contributed another $ 14.1 billion to the role.
The assessment of 2025 also yielded more than $ 322 million in tax savings for homeowners, disabled veterans, small companies, affordable housing projects, homeless housing initiatives and non -profit organizations.
“My office is number one in the state of California for serving disabled veterans with exemption from real estate tax because of our innovative and award-winning outreach programs and public-private partnership,” said Marks. “The award -winning proactive outreach of my assessor team has delivered more home affordability for San Diegans than ever before.”
While total values rose, the number of active business accounts fell by 2.5% – a loss of 1,361 companies – the total steeped in to 55,478. Commercial packages form only 3% of the total packages, but account for 13% of the estimated value.
Office property in the city center were hit hardest, with vacancy of around 35% that the office values dropped. Nevertheless, ARCC noted that the impact on the total role was minimal, because offices in the city center only represent 1.9% of the total assessed value, according to the press release.
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