Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Assessments topic
No spam. Unsubscribe anytime.
County assessor reports modest assessment growth, flags decline in share of primary residences
Summary
County Assessor Jim Romano told the board assessments rose roughly 3% this year (2% inflation cap plus new construction), reported about 55 newly assessed homes last year and said the county has seen a decline in the share of primary residences over recent years.
County Assessor Jim Romano gave the board a mid-year update on property assessments, growth and trends affecting tax bills.
Romano said the annual property-assessment adjustment tied to the California CPI is typically capped at 2%; this year the county’s overall assessed values rose about 3 percent, reflecting the 2% CPI escalation plus a modest share of reassessments for recent sales and new construction. "The increase this year is just above 3%, essentially 3%," Romano said.
He detailed jurisdiction-level changes (Jackson, Sutter Creek, Amador City, Plymouth and unincorporated areas), and noted the county recorded about 55 new homes last year—fewer than some projections. Romano also said the share of primary residences countywide has declined; staff use homeowner-exemption filings as one indicator and the assessor's office is tracking that trend because it affects tax-base composition and local revenues.
Board members asked about Prop 13/19 effects, the mix of rentals and second homes, and whether assessment growth matches county cost growth; Romano cautioned that Prop 13 stabilizes assessments but that population and inflation trends affect long-term revenue trajectories.
Next steps: the assessor will provide more detailed jurisdictional tables to staff and the board and remain available for follow-up questions.
