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The Business Journal - Fresno
Tulare real estate tax roll hits nearly $50B, up 8.5% from last year
By Estela Anahi Jaramillo,
16 hours ago
Tulare County Assessor Tara K. Freitas announced the annual assessment roll is $49.97 billion, an 8.5% increase from last year.
The assessment roll represents the total net value of all locally assessed real estate, business and personal property in Tulare County as of January 1, 2024.
The increase is due to a steady number of sale transactions, new construction projects, and continued market value increases in Tulare County’s residential and commercial sectors.
Although the overall assessed value rises by more than 8%, most properties will see an increase of only 2% due to the constitutional provisions of Proposition 13.
Most of the growth comes from new base year values set at current market levels for properties that have changed ownership or undergone new construction.
“Our aim is always to ensure property owners receive fair, accurate and timely valuations and that all qualifying tax-saving exemptions and exclusions are applied,” Freitas said in a news release. “While home prices have risen significantly since 2008, Prop. 13 ensures that long-term property owners won’t experience equivalent increases in their assessments.”
Each year, the county assessor submits tax roll values to the Tulare County Auditor-Controller’s Office for certification. These values form the basis for property tax bills issued by the Treasurer-Tax Collector’s Office. Property tax revenue funds public services such as first responders, schools, libraries, parks, and other critical city and county services.
“I’m so proud of our team of property tax professionals for their hard work and dedication in completing and delivering the assessment roll on time. Their knowledge, experience and customer service are unmatched,” Freitas said.
The Assessor’s Office is preparing to mail assessed value notices to 31,030 taxpayers. Anyone with questions about assessed values or the assessment process can contact the Assessor’s Office Monday through Friday from 8:00 a.m. to 5:00 p.m. at (559) 636-5100 or by email at Assessor@tularecounty.ca.gov. More information, including detailed assessment roll data, is available on the Assessor’s website at tularecounty.ca.gov/assessor .
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