Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Drop Zone

According to San Diego County assessor/clerk/recorder David L. Butler, the assessed value of all taxable property in the county has dropped to a 25-year low -- an overall decrease of 2.3 percent from the previous year -- to $399.9 billion.

The drop in property value was derived from assessments conducted on 978,011 parcels, 159,586 businesses, 77,881 boats, 23,109 manufactured homes, 5247 aircraft, and home appraisals of more than 79,500 properties.

Out of the 225,000 properties reviewed for a potential reduction in value, over 216,000 properties received a reduction from county assessors.

“The average reduction for a single-family residence was $112,800, or a savings of approximately $1,130,” read the June 30 press release. “The average reduction for condominiums was $78,500, or a savings of approximately $785.”

The decrease is blamed on a slowdown in commercial activity and a decline in residential acquisitions and development.

According to the data, the cities most impacted were Chula Vista, with a 10.4 percent reduction, Lemon Grove, with a 9.4 percent decrease, and Escondido, with a 6.7 percent reduction in total assessment values.

Throughout the county, five cities recorded increases in property assessments. Those cities were Del Mar, Coronado, Solana Beach, Poway, and Encinitas.

Property owners who have had their assessments reduced will receive notice in the mail by mid-July 2009, informing them of the new assessed value.

Ending the press release, Butler reminded property owners that if they disagree with their assessed values, they can file an appeal between July 2 and November 30, 2009.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Dead Cross cover Black Flag’s “Rise Above” in solidarity with Black Lives Matter

Jonny Tarr, Dead Cross, Electric Mud, Howard Blank’s Outsiders, Trees

According to San Diego County assessor/clerk/recorder David L. Butler, the assessed value of all taxable property in the county has dropped to a 25-year low -- an overall decrease of 2.3 percent from the previous year -- to $399.9 billion.

The drop in property value was derived from assessments conducted on 978,011 parcels, 159,586 businesses, 77,881 boats, 23,109 manufactured homes, 5247 aircraft, and home appraisals of more than 79,500 properties.

Out of the 225,000 properties reviewed for a potential reduction in value, over 216,000 properties received a reduction from county assessors.

“The average reduction for a single-family residence was $112,800, or a savings of approximately $1,130,” read the June 30 press release. “The average reduction for condominiums was $78,500, or a savings of approximately $785.”

The decrease is blamed on a slowdown in commercial activity and a decline in residential acquisitions and development.

According to the data, the cities most impacted were Chula Vista, with a 10.4 percent reduction, Lemon Grove, with a 9.4 percent decrease, and Escondido, with a 6.7 percent reduction in total assessment values.

Throughout the county, five cities recorded increases in property assessments. Those cities were Del Mar, Coronado, Solana Beach, Poway, and Encinitas.

Property owners who have had their assessments reduced will receive notice in the mail by mid-July 2009, informing them of the new assessed value.

Ending the press release, Butler reminded property owners that if they disagree with their assessed values, they can file an appeal between July 2 and November 30, 2009.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Fabian Nunez fails to work magic for Mercury lobbying firm

Santee's Mayor Minto can't write his column
Next Article

Dead Cross cover Black Flag’s “Rise Above” in solidarity with Black Lives Matter

Jonny Tarr, Dead Cross, Electric Mud, Howard Blank’s Outsiders, Trees
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close