FAIRFIELD — California properties assessed by the state and its counties saw a 4.3 percent increase in total value for 2013-14 – to $4.6 trillion – and Solano County shared in the good times.
The state Board of Equalization included Solano County on its list of 16 counties with “notable” property value changes. Solano County’s assessment roll rose 4.4 percent, to $41.9 billion.
“It’s the first time in five years it’s actually gone up,” county Assessor Recorder Marc Tonnesen said Monday. “And it was a pretty big increase.”
Property taxes bring in money to counties, cities and special districts. That’s money that goes to the wide range of services these various agencies provide, from fighting fires to maintaining roads to maintaining parks.
Some homeowners might see their property taxes rise along with real estate values. Tonnesen said that depends on a number of factors, such as when they bought their house and the Proposition 13 ceiling on their tax.
Santa Clara County had the largest percentage increase for its assessment roll in the state at 8.3 percent, according to the Board of Equalization. That brought the value to $338 billion. Inyo County had the biggest decrease, at 4.1 percent, dropping its roll’s value to $3.9 billion.
Among Solano County’s neighboring counties, Napa County had its property values rise 5.3 percent to $29.7 billion, Contra Costa County had its values rise 3.4 percent to $150 billion and Yolo County had its values rise 4.1 percent to $21 billion.
Solano County had the 15th-highest percentage increase in its assessment roll value among the state’s 58 counties.
In July, Solano County reported its assessment roll had increased 6.77 percent for 2013-14, to $40.5 billion. That is different from the numbers reported Monday by the state Board of Equalization.
Tonnesen said the county reports the assessment data to the state. But there are different ways to look at the data, such as whether to include both secured and unsecured properties.
Unsecured taxes are not secured by land and can be such things as business equipment, mobile homes and boats, according to the Solano County Assessor Recorder’s Office.
Tonnesen looks at the county’s property assessment roll increase and wonders what’s next. The numbers that come out next year should be a good indicator of where things are going, he said.
Reach Barry Eberling at 427-6929 or email@example.com. Follow him on Twitter at www.twitter.com/beberlingdr.