Assessed Values of Inland Empire Properties up More than 5 Percent by Venus Stromberg - City News Group, Inc.
View Upcoming Events View Your Local Sales

Community Calendar

◄ NOVEMBER ►
S M T W T F S
01 02 03 04 05 06 07
08 09 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 01 02 03 04 05
View Events
Submit Events
directory

Assessed Values of Inland Empire Properties up More than 5 Percent

By Venus Stromberg, Community Writer
December 23, 2015 at 08:37am. Views: 308

California State Board of Equalization (BOE) Member Diane L. Harkey, Vice Chair George Runner, and Chairman Jerome E. Horton announced that assessed values of properties in Imperial, Riverside, and San Bernardino counties rose 5.4 percent in 2015-16 ($449.6 billion) over 2014-15 values ($426.5 billion). County-assessed properties posted 5.5 percent year-over-year gains, while those assessed by the state rose 2.1 percent. Assessed values are 1.8 percent higher in this region than in 2008-09, when assessed values statewide hit their prior peak. County assessors are responsible for assessing the value of each home, as well as other residential and commercial property, as of Jan. 1 of each year. That value is used to set the property tax that is due by December of that year, and April of the following year. The BOE is responsible for assessing properties such as public utilities and railroads. Annual bills for the owners of those properties are based on these valuations. “It is encouraging to see a spike in property values in the Inland Empire,” said Board Member Harkey. “With property values rebounding and some positive news on job growth, California may be on the path to an improved economy.” “Property values throughout California continue to rise,” said Vice Chair Runner. “In some areas of the state we saw more growth than others, but overall this is an encouraging sign for our economy.” “The economic recovery in the Inland Empire, indicated by this rise in housing values, is very encouraging,” said BOE Chairman Horton. “Hopefully this translates to more jobs and greater opportunities for families in this region.” This is the fifth consecutive year the total value of California’s county and state-assessed properties has increased, fueled in large part by the recovery in the state’s housing market. For 2015-16, values rose to $5.209 trillion, an increase of $289.9 billion (5.9 percent) from 2014-15. Values statewide are 14.4 percent higher than they were in 2008-09, when they last hit their peak. Fifty-six counties posted year-to-year increases in assessed value, with most of those increases above two percent. Two counties experienced a year-to-year decline in value. Thirty-three counties grew in excess of five percent. Of the counties with rolls exceeding $100 billion, all twelve posted higher assessed values: Santa Clara (8.7 percent), Alameda (7.8 percent), Contra Costa (7.4 percent), San Mateo (7.5 percent), San Francisco (6.9 percent), Orange (5.8 percent), San Diego (5.6 percent), Riverside (5.5 percent), San Bernardino (5.2 percent), Sacramento (4.6 percent), and Ventura (4.1 percent). Los Angeles County, with the largest assessment roll at $1.290 trillion, increased by 6.1 percent, up $74.5 billion over 2014-15. Valuations in California’s 43 inland counties rose 5.8 percent. The assessed valuation in the state’s 15 coastal counties, which accounts for more than 60 percent of total assessed valuation, gained 6.0 percent.

Related Articles

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

November 3, 2026 at 03:26pm. Views: 252

Athlete of the Week Christopher Michael Lemos, Redlands High School Junior and Varsity Quarterback, proudly represents the Terriers with his dedication, leadership, and passion for the game.

Photo Courtesy of: City News Group

By Ruby Stephenson, Community Writer

November 3, 2026 at 03:26pm. Views: 307

Redlands Pottery Project joins A.K. Smiley Public Library for a November 14 workshop designed for young artists ages 13 to 18. A lump of clay may not look like much at first. In the hands of a young artist, however, it can become a bowl, a decorative sculpture or an entirely unexpected creation.

Photo Courtesy of: https://www.redlands.edu/

By William Cortez, Community Writer

November 3, 2026 at 03:26pm. Views: 383

The University of Redlands Department of Theatre and Dance will present Día de los Muertos and Other Folk Tales November 5 through 8, 2026. Stories told by grandparents often become treasured parts of a family's history. Some are humorous, others mysterious, and many carry lessons that remain meaningful long after the storyteller is gone.

Photo Courtesy of: UC San Diego's ALERTCalifornia

By Ruby Stephenson, Community Writer

November 3, 2026 at 03:26pm. Views: 308

A remote wildfire-monitoring camera overlooks a Southern California landscape. Redlands has partnered with UC San Diego's ALERTCalifornia program to improve monitoring of areas near northern Redlands and the Santa Ana River wash.

Photo Courtesy of: https://www.akspl.org/events/

By William Cortez, Community Writer

November 3, 2026 at 03:26pm. Views: 335

Annual ceremony at the Lincoln Memorial Shrine will bring American history to life on November 21. On a November morning in Redlands, the sounds of fifes, drums and historic artillery will offer residents an opportunity to experience a chapter of American history that continues to influence the nation more than 160 years after the Civil War.

Photo Courtesy of: City News Group

By Stella Pierce, Community Writer

November 3, 2026 at 03:18pm. Views: 274

The first years of a child's life are filled with milestones that families often remember forever. A baby's first smile, the first attempt to crawl and the first spoken words are moments of celebration. They can also bring questions, uncertainty and new responsibilities for parents learning how to care for a growing child.

Photo Courtesy of: https://www.csusb.edu/

By Ruby Stephenson, Community Writer

November 3, 2026 at 03:06pm. Views: 331

CSUSB’s Department of Physics and Astronomy has earned recognition for it for its work to create a more inclusive, diverse and supportive physics department, earning the Bronze Award from the American Association for the Advancement of Science Physics & Astronomy SEA Change program.

Photo Courtesy of: https://www.naco.org/program/operation-green-light-veterans

By William Cortez, Community Writer

November 3, 2026 at 03:06pm. Views: 680

Operation Green Light returns November 4–11, encouraging residents to recognize military service and help veterans connect with available resources. As darkness settles over San Bernardino during the first week of November, green lights will illuminate several county buildings, transforming familiar government facilities into visible reminders of the sacrifices made by America's military veterans.

Photo Courtesy of: https://www.authentikusa.com/

By Amanda Spencer, Community Writer

November 3, 2026 at 03:06pm. Views: 287

As America's most famous highway celebrates its centennial in 2026, San Bernardino reflects on the road that helped shape its neighborhoods, businesses and identity. Long before interstate highways became the preferred routes for cross-country travel, motorists making their way through San Bernardino followed a road that would become one of the most recognizable highways in American history.

Photo Courtesy of: Corina Borsuk and provided courtesy of SBCUSD

By Amanda Spencer, Community Writer

November 3, 2026 at 03:06pm. Views: 239

Muscoy Elementary students join SBCUSD Superintendent Mauricio Arellano, Board of Education President Mayra Ceballos, Assistant Superintendents Dr. Sandra Rodriguez and Dr. Tasha Doizan, Director MaryRone Goodwin and San Bernardino County Supervisor Joe Baca Jr. for the official ribbon cutting ceremony that opened the school’s new outdoor learning center.

Photo Courtesy of: https://riversiderecord.org/; A photo of Moreno Valley City Hall. (Alicia Ramirez/The Riverside Record) Credit: (Photo by Alicia

By Ruby Stephenson, Community Writer

October 27, 2026 at 02:39pm. Views: 609

A city is often judged by what residents experience every day: the condition of its streets, the reliability of public services, the availability of recreational programs and the ease of obtaining information from local government. Behind those everyday experiences are departments and employees whose work rarely attracts national attention.

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

October 27, 2026 at 02:39pm. Views: 568

Athlete of the Week Zachary Scott Perez, Senior at John W. North High School, is recognized as Athlete of the Week for his dedication and accomplishments as a student athlete.

--> -->