The article below is courtesy of California Association of Realtors and the Sacramento Bee. Assessed property values across the state are being lowered as county assessor offices are releasing this year’s property tax rolls.  Again, San Luis Obispo County is performing better than many counties with a 1% decline in assessed value. For more information see below……Steve Hopkins

California Tax Assessments of Homes to go Down

If you own a home in California, chances are the assessed value of your property just dropped. County assessors statewide are releasing this year’s rolls – the total of all properties in a given county – and most are lower than last year.

Sacramento County’s tax roll dropped nearly 2.2 percent to $128.8 billion. Yolo County’s is down about 1.9 percent.  And El Dorado County and Placer County both saw the value of their taxable property drop more than 6 percent.

The falling values represent good news for many homeowners, who will see lower property tax bills this October.

To read the full story, please click here:  The Sacramento Bee