Yellow Pages |   News Updates |   Local Jobs |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events

Placer County Tax Revenue Looking Up



Placer County Assessor Kristen Spears announced today that the 2014 Assessment Roll increased 7.01% from last year. 

The annual property assessment roll generates the property tax revenue that is used to fund education, criminal justice, health, welfare, transportation, and many other city and county government services.

2014-15 Assessment Roll Information by Jurisdiction is as follows:


Assessed value in California is based on the lower of two values: the Proposition 13 value or the market value as of January 1st. The Proposition 13 value is based on the market value of property when it was acquired, plus new construction (if applicable), and adjusted for inflation by no more than 2% per year. By using the lower of these two values, property owners are provided tax relief during times of increasing and decreasing property values.

Since 2007, the Assessor has reviewed properties to recognize annual declines in property values throughout the county.  By 2012, over 50% of residential and commercial property owners had seen temporary reductions in their assessed values. However, the condition of the economy is improving. For 2014, there are 43,637 assessments still assessed at market value. Due to the local real estate market recovery, 32,683 of these assessments will see increases in assessed value. These properties will be annually reviewed until their market value is higher than their Proposition 13 value. An additional 19,388 properties have recovered sufficient value so that their market value is higher than their Proposition 13 value, and they have been restored back up to their Proposition 13 base for 2014.

"The increases in value continue for a second year to be primarily focused on residential properties where the strongest real estate market recovery has taken place," says Assessor Kristen Spears.

If an assessment value has been temporarily reduced to its market value, the value may increase more than 2%. Just as there is no limit to the amount of the property tax reduction recognized in a given year during a market decline, there is also no limit on the amount of increase up to the Proposition 13 value when experiencing a market recovery. The percentage is dependent on the changes in the real estate market that occur from year to year. These annual adjustments will continue until the property's market value exceeds the Proposition 13 value. When this occurs, the Proposition 13 value will be restored, and the assessed value increases will be limited to no more than or up to 2% per year.

The diagram below provides further explanation on how market recovery and declines may affect assessed value.


Throughout this month, property owners will be mailed notices of their assessed value. "The Assessor's Office is committed to proactive communication and delivery of excellent service to the public. We have provided additional information explaining the basis of these value changes in property owners' value notices, enhanced the Assessor website, and stand ready to answer phone or lobby calls from property owners," says Assessor Kristen Spears. If a property owner believes the market value on January 1, 2014, is less than the amount shown on the July 2014 value notice, the owner may request an assessment review. Property tax reviews are conducted at no cost to the property owners and may be initiated by filling out Value Review forms available on the Assessor's website at http://www.placer.ca.gov/assessor. Property owners may also contact the Assessor's Office at (530) 889-4300, assessor@placer.ca.gov, or in person at 2980 Richardson Drive in Auburn.





Placer County News Headlines

Placer Land Trust Acquires 40 Acres along North Fork of American RiverPlacer Land Trust is very pleased to announce that in early April it acquired 40 acres of gorgeous land along the North Fork American River at the bottom of the Green Valley Trail.

$20 Pet Adoptions at Placer County's Auburn ShelterFacing a spring surplus of rescue pets - and in celebration of National Adopt a Shelter Pet Day April 30 - Placer County's Auburn animal services center will lower adoption fees

Roseville Hosts I Love the 80's Fun RunRoseville, CA- On Sunday, May 1, 2016, the City of Roseville will host the I Love the 80's Fun Run in Downtown Roseville.

Yomen Spring Celebration in RosevilleYomen spring celebration in Roseville is free community event at Maidu Museum & Historic Site on April 30, 2016.

Roseville Man Arrested for Child Molestation in Bay AreaJames McNealy Carroll, a 64 year-old Roseville resident has been arrested for six counts of child molestation.

Vacancies: Mental Health, Alcohol and Drug Advisory BoardThe Placer County Mental Health, Alcohol and Drug Advisory Board is in need of additional community members to fill vacant seats.

Distance Language Intervention and Disabilities CommunicationSean Sawicki, who has fragile X syndrome, can be hard to understand and doesn't always have the attention span to carry on a sustained conversation

Sutter Buttes Bike Poker Run & Wine Tasting May 14thSutter, CA - Visit Yuba-Sutter will host the annual Sutter Buttes Bike Poker Run and Wine Tasting event on May 14, 2016.

Roseville's Greener Gardens Tour & DIY Expo Roseville, CA- Join hundreds of people for Roseville's Greener Gardens Tour and Do-It-Yourself (DIY) Expo on Saturday, May 14th

Holly Heinzen reflects on 31-year career in serviceAfter making it through her first day, wondering if she would even be able to make it up the hill and into the parking lot, Heinzen had found a place where she would spend the duration of her career

Autism: Pool and Water Safety TipsRoseville, CA- April is National Autism Awareness month. Drowning is a leading cause of death for children and adults who have Autism.

Electric Vehicle Charging Stations in AuburnAuburn -The Placer County Transportation Planning Agency (PCTPA) and the City of Auburn will host a ribbon cutting celebration to recognize the installation of two new electric vehicle


NEWS: In Case You Missed It