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Property Values still down in County

Nevada County property values dropped 1.25%  in assessed value according to the recently released Nevada County Assessment roll for 2012 .  County Assessor Sue Horne says  the report shows there was a greater drop in property values in the unincorporated areas of the county where values declined by 2.2%
click to hear Sue Horne

The assessor says a  high number of foclosures and short sales tended to drive down  property values in unincorporated areas.
click to hear Sue Horne

The Assessor says there are 63,000 parcels in Nevada  County, and 26% of those are in Proposition 8 status, which means the value of the property has dropped low enough to warrant an adjustment in property value for tax assessment.   About 14% of property taxes collected in the county remain here. The rest goes to cities or special assessments. About 56% of property taxes collected go to schools.

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