Valley News -

Report: County's property tax roll rises six percent


Last updated 7/16/2018 at 3:16pm

Property values throughout Riverside County rose by 6.2 percent last year, according to a report that will be reviewed tomorrow by the Board of Supervisors.

The county's property tax assessment roll was $286 billion, compared to $269.1 billion in the Jan. 1, 2017, assessment, according to the Assessor-Clerk-Recorder's Office.

The assessment roll, which represents the composite value of all commercial and residential real estate within the county, has increased for the last six consecutive years. During the Great Recession, $38 billion in value was lost, with assessments bottoming out...

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