News Release Form California - State Board Of Equalization printable pdf download

News Release Form California - State Board Of Equalization

EWS

ELEASE

TATE

OARD

FOR IMMEDIATE RELEASE

NR#

18-G

QUALIZATION

Date:

April 9, 2004

450 N Street

Contact: Sherilyn Larsen

Sacramento

Customer and Taxpayer Services Division

California 95814

(916) 445-3192

Website:

BOARD OF EQUALIZATION ANNOUNCES

PROPERTY VALUES SHOW INCREASE

RAMON J. HIRSIG

Executive Director

The State Board of Equalization (BOE) reported today that the total value of state-

assessed and county-assessed property rose to $2.9578 trillion for 2003-04, up $201.83

billion (7.3 percent) from last year’s $2.7560 trillion.

BOE advised that the value of county-assessed property grew by $197.76 billion (7.3

percent) to $2.8886 trillion. The value of state-assessed property, mainly privately

owned public utilities and railroads, totaled $69.2 billion, an increase of $4.07 billion

(6.2 percent).

Percentage increases ranged from a high of 19.3 percent in Alpine County, to 0.2

percent in Inyo County. Nine counties posted growth rates of 10 percent or more.

There were 38 counties that recorded increases between 5 and 9.9 percent while the

total assessed value in 10 counties grew between 2 and 4.9 percent. One county, Inyo,

posted an increase below 2 percent.

Of the nine counties with rolls exceeding $100 billion, Riverside County led the way

with an 11.8 percent increase, followed by San Diego County (9.5 percent), San

Bernardino County (8.6 percent), Contra Costa County (8.1 percent), Orange County

(6.7 percent), and Alameda County (6.5 percent). Los Angeles County, with the largest

assessment roll at $717.5 billion, posted a 7.4 percent increase, up $49.3 billion over

2002-03.

###

Note:

See accompanying chart for details.

News Release Form California - State Board Of Equalization