2018-19 Sacramento County Property Assessment Roll Tops $168 Billion

SACRAMENTO, CA.  July 23, 2018 - Sacramento County Assessor Christina Wynn announced today that the local assessment roll topped $168 billion based on the gross value of taxable property as of January 1, 2018.  This is an increase of 6.75% (or $10.6 billion) over last year.  After the deduction of property tax exemptions for homeowners, disabled veterans and charitable organizations, the net assessed value is $160.4 billion.

The 2018 assessment roll will produce approximately $1.6 billion to fund schools, law enforcement, parks and other public services. Public education receives 49.5% and special districts receive 17.3% of every property tax dollar. Special districts include: fire, community service, parks and recreation, cemetery, insect control, conservation, library, transportation, irrigation and water. The Sacramento County general fund receives 16.3%, Cities receive 10.8%, and redevelopment successor agencies receive 6.1% of the revenue.

Based on Proposition 13's statutory 1% tax rate, the 2018 assessment roll will produce approximately $1.6 billion to fund schools, law enforcement, parks and other public services. Public education receives 49.5% and special districts receive 17.3% of every property tax dollar.  Special districts include: fire, community service, parks and recreation, cemetery, insect control, conservation, library, roads and irrigation and water.  The Sacramento County general fund receives 16.3%, Cities receive 10.8%, and redevelopment successor agencies receive 6.1% of the revenue.

This sixth annual increase is attributed to continued growth in the Sacramento real estate market. While the total assessed value for the County increased by over 6%, over 93% of taxpayers will see an increase of only 2% due to the protections offered by Proposition 13. Despite continued upward trending market values, some properties acquired or constructed prior to the great recession have current market values less than their Proposition 13 values. These properties are assessed at the lower market value as of January 1, 2018 under the legal provisions of Proposition 8. The following chart reflects the numbers of properties receiving Proposition 8 assessments through the great recession and recovery.

YEARPROP 8 ASSESSMENTS
2007-0857,862
2008-0990,199
2009-10176,524
2010-11161,637
2011-12190,154
2012-13228,605
2013-14136,264
2014-1577,149
2015-1666,077
2016-1755,468
2017-1842,151
2018-1933,728


Proposition 8 allows the Assessor’s office to temporarily reduce assessments in down market years. Proposition 8 assessments are reviewed and reset each year as of January 1 until the current market value is equal to or higher than the property’s Proposition 13 inflation adjusted value. Although Proposition 8 assessed values are not subject to the 2% inflation cap, the Proposition 8 assessed value of a property cannot increase above the property’s inflation adjusted Proposition 13 value.

These concepts are shown in the chart How Property Values Are Assessed

Assessed values are available on the Assessor's website or by calling the Assessor's Office. Property owners are encouraged to review their 2018-19 assessed values closely as these values will be used to create the annual tax bills mailed in October.  Property owners who believe the 2018-19 assessed value of their property is higher than market value can request an informal review online, by mail, or in person. The review filing period is July 2, 2018 – December 31, 2018.  There is no charge for this service.

For more information please visit the Assessor’s website www.assessor.saccounty.net.  Assessor customer service staff are available by phone at (916) 875-0700, by email at  assessor@saccounty.net , or visit our office in person at 3701 Power Inn Road, Suite 3000 (free parking).

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