San Diego County assessor releases property tax roll: A record $679.15 billion

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San Diego County assessor releases property tax roll: A record $679.15 billion
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The roll consisted of 1,011,214 real estate parcels, 55,071 business personal property accounts, 13,410 boats and 1,541 aircraft.

The San Diego County Administration building on Pacific Highway on Feb. 5, 2021.

On Thursday, the San Diego County assessor certified the 2022 assessed value roll of all taxable property in the county: a record $679.15 billion — 8.27% higher than the year before. That represents a $51.8 billion gain in value and is based on assessed values as of Jan. 1, 2022. California's Prop. 13 limited 888,884 properties to a 2% assessed value increase — intended to guarantee affordability for property owners and deliver revenue for government services.

The roll's total net assessed value is $652.95 billion after deducting $26.19 billion for a record reduction resulting in more than $260 million in property tax savings for homeowners, disabled veterans, and charitable organizations, according to a statement from the county assessor's office. "While some assessor's offices have struggled, my extraordinary staff closed the tax roll on time and complete," said Ernest Dronenburg, county assessor."If we don't close the tax roll on time then county services will be interrupted, taxpayers impacted, and we would see a cascading effect that would impact revenues for operating schools, libraries, parks and other key emergency services.

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