Office of Assessor News Release
$5.8 BILLION INCREASE IN PROPERTY ASSESSMENT ROLL CONFIRMS STRONG REAL ESTATE ACTIVITY IN PLACER COUNTY
Bruce Dear, Placer County Assessor, announced a 15.01 % increase in this year's property assessment roll. Placer County's 2005-06 assessment roll grew to $44.9 billion, with a $5.8 billion increase over last year. For the fifth consecutive year the assessment roll has increased by double digit percentages. The continuing high rate of new construction and appreciating property values are responsible for record breaking growth in the assessment roll.
Once again, Lincoln led Placer County jurisdictions with a 40.69% increase in net assessed value. Assessment information by jurisdiction is as follows:
Net Assessed Value By Year
| Jurisdiction |
2005 |
2004 |
Dollar Change |
Percent Change |
| Auburn |
1,443,530,331 |
1,325,628,539 |
117,901,792 |
8.89% |
| Colfax |
158,654,384 |
141,449,153 |
17,205,231 |
12.16% |
| Lincoln |
4,316,434,335 |
3,068,150,240 |
1,248,284,095 |
40.69% |
| Loomis |
649,205,747 |
559,239,332 |
89,966,415 |
16.09% |
| Rocklin |
5,943,237,273 |
5,103,436,106 |
839,801,167 |
16.46% |
| Roseville |
13,636,805,540 |
12,172,137,838 |
1,464,667,702 |
12.03% |
| Unincorporated |
18,759,571,844 |
16,676,795,602 |
2,082,776,242 |
12.49% |
| Total |
44,907,439,454 |
39,046,836,810 |
5,860,602,644 |
15.01% |
The annual property assessment roll, delivered by Bruce Dear to the County Auditor, generates the property tax revenue that is used to fund education, criminal justice, health, welfare, and many other city and county government services.
"Notices of assessed value" are being mailed over the next two weeks to all business property owners and to some real property owners, based on certain changes of status that may have impacted their real estate.
Questions related to property assessments can be directed to the Assessor's office at telephone number (530) 889-4300. You can also obtain information from our website at placer.ca.gov/assessor. For property owners who would like to discuss their assessment in person, the main office of the Assessor Department is located at 2980 Richardson Drive, Auburn, in the DeWitt Center.
Bruce Dear
Placer County Assessor
Date: 6/27/2005
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