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July 1, 2009

2

San Diego Property Tax Assessements Drop $9+Billion

by Jared
San Diego

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.

San Diego home values

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2 Comments
  1. adult acne
    Jul 17 2009

    Property prices are only beginning to tumble. They will stabilize when they finally hit or surpass equilibrium value as determined by their P/E Ratio.

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  2. San Diego California hotels
    Jul 17 2009

    When I saw how the housing prices were going up, up, up and most peoples’ salaries didn’t pay enough to afford them, I knew the market was going to crash three or four years ago. Some real estate dealers and owners were just so incredibly greedy. They ask for a sales price or rent not based on how much they really need to charge to recover their expenses and make a reasonable profit, but on getting the maximum money for themselves, without regard for the effect on society.

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