Here is some good news for a change as the economy is slowly improving as assessed values are on the rise in Contra Costa County.
According to a letter sent to the Contra Costa County Board of Supervisors dated July 1, County Assessor Gus Kramer has shared that the tax base for 2013-2014 is over 4.86 billion. This now represents a 3.45% increase in assessed value and brings the total local assessment roll to over $146 billion, just 6.92% away from Contra Costa County’s record assessed value, which was set in 2008.
Believe it or not, according to Kramer, the only loss in assessed value in the County was Richmond at 14.61%. Meanwhile, Brentwood had the largest increase in assessed value at 8.45%. Following Brentwood in order included Clayton (8.24%), Oakley (7.44%), Walnut Creek (7.38%) and Antioch at 7.34%.
The county assessment role now consists of 365,128 parcels, an increase of 284 over the previous year.
Here is a look at the documents provided to the Board of Supervisors. Please click to enlarge.