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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.

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Placer County News Headlines

WJU School Year Begins Amidst Continued GrowthROCKLIN, Calif. - William Jessup University began its 2016-17 academic year August 22 with the largest enrollment in the university's 77-year history.

Molly Ringwald at Rocklin's Quarry Park September 17thRocklin, Calif. - Golden Globe nominated actress and jazz musician Molly Ringwald descends into Rocklin's Quarry Park Amphitheater on Saturday, September 17

Roseville to Host Barbara Boxer FarewellRoseville, CA - The Placer County Democratic Party in partnership with the Nevada County Democratic Party and El Dorado County Democratic Party will be hosting a Fond Farewell

Roseville Skatetown to Host International Curling BonspielRoseville, CA - The Crush Bonspiel, which began in 2006, is back this Labor Day Weekend at Roseville's Skatetown Ice Arena after taking a one year hiatus.

County renews $10 Million Emergency Services ContractThe county board of supervisors OK'd a $10.6 million contract for fiscal year 2016-17. The contract will provide fire and emergency service for about 52,000 residents.

Roseville Flash Crime Report (8.24.16)The Roseville Police Department's latest activity and crime log digest update covering the period of August 12-21, 2016.

Sierra College Patrons Invite Public to MeetingRocklin, CA-- The Sierra College Patrons, a support group of the Sierra College Foundation, invites the public and those interested in becoming members of the organization

California Fires Update Summary (8.24.16)Over 10,000 firefighters are battling 8 large wildfires in California. Two new large fires were reported yesterday in Tulare and Alpine counties on National Forest land.

Napa's Uptown Theatre: On LocationNapa, CA- Band of Horses trekked into Napa's Uptown Theatre last night for a stop along their "Why Are You Ok Tour".

California Fires Update Summary (8.23.16)Last week firefighters across California battled nearly 250 new wildfires containing most to a small acreage. Since the beginning of the year there have been over 4,900 wildfires that have burned over 417,000 acres.

Nevada City Hosts Festive Celebration September 10-11NEVADA CITY, Calif. - The 50th Annual Nevada City Constitution Day Parade tops a full weekend of family fun Sept. 10-11 in this colorful Gold Rush town.

Humboldt Pilot Program to Track and Trace CannabisWith the state of California on the verge of approving the recreational use of marijuana in November, at least one company is ahead of the curve


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