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

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 Property owners may also contact the Assessor's Office at (530) 889-4300,, or in person at 2980 Richardson Drive in Auburn.

Placer County News Headlines

Gas Prices Wars: Roseville Prices FlatRoseville's best gas prices can be found here 24/7 with our easy to use price tracker.

Kevin Kiley's Campaign for the 6th Assembly District Adds New MembersRocklin, CA - Republican Kevin Kiley's campaign for the 6th Assembly District continues to gain momentum as today Kiley announced adding new members of his campaign team.

RPAL Golf Classic in Roseville October 16Woodcreek Golf Club in Roseville will host the RPAL Golf Classic on Oct. 16. Woodcreek's 20th annual anniversary tournament

Ninja Sushi & Teriyaki coming RosevilleThe Roseville Community Development Corporation announced today an agreement with locally-owned Ninja Sushi & Teriyaki to open an expanded location

Exploring Mars With Curiosity in Rocklin October 16The Sierra College Natural History Museum will host a presentation entitled "Exploring Mars With Curiosity" by Dawn Sumner, a UC Davis

Ditch Mammography Tool says UC Davis ResearcherA costly tool used on nearly all mammograms does not increase cancer detection rates and should no longer be covered by Medicare, argues Joshua Fenton

Never Saw Another Butterfly in Rocklin begins Oct 23Rocklin, CA- Sierra College Theatre Arts Department announces its fall production of I Never Saw Another Butterfly, written by Celeste Raspanti

PCWA Customers Curb Water Use 34 PercentDrought Watch: Since June of this year, PCWA customers have decreased water use by 34 percent in comparison to base year 2013.

Placer County Child Support Services Recognized for ImprovementsThe Placer County Department of Child Support Services has received the 2015 Most Improved Child Support Program Award

Repeat DUI's Targeted with Ignition Interlock ProgramOn Monday, Governor Jerry Brown signed into law SB 61, adding another 18 months to a four-county ignition interlock pilot program

California Fire Updates Summary (10-2-15)Nearly 1,000 firefighters are battling 7 large fires. In Northern California, an area of low pressure is moving throughout the area today with light showers

Lincoln Salmon Festival Celebration October 3rdLincoln, CA - The Wildlife Heritage Foundation (WHF) is gearing up for the sixth annual Salmon Celebration to bring awareness to the migrating salmon population

NEWS: In Case You Missed It