CA Sees Higher Property Values… You See Higher Property Tax Bills

Property taxes are on the rise in California, keeping pace with the increase in property values.

The California State Board of Equalization has released its annual report for 2020 -2021.

Total  statewide county-assessed property value is more than 7 trillion dollars.

Property taxes paid on all that property total 79.9 billion dollars, a 6% increase from the year before.

The Board of Equalization says California is transitioning away from the disruptions of the Covid-19 pandemic.

However, keep in mind the California Legislature has kept the Covid-19 emergency declaration in place indefinitely due to covid variants still floating around.

Stack of Folded US Currency Notes on White background, with a 100 dollar bill on top.

Photo from Alpha Media USA Portland OR