1
Jul
San Diego Property Tax Assessements Drop $9+Billion
San Diego
San Diego county Assessor/Recorder/Clerk David Butler issued a report showing the assessed value of all taxable property in San Diego County decreased 2.3 percent, or $9.46 billion, in 2008.
Butler believes the decrease in total assessed value reflects the continued decline in residential property values and a slowdown in commercial sales and new construction.
The largest downturns in residential market were in Chula Vista, Lemon Grove, Escondido, San Marcos and Oceanside. Increases in assessed values were seen only in Del Mar, Coronado, Solana Beach, Poway and Encinitas.