Strong increases in taxable values are being reported by a number of county assessors for the new fiscal year. But Nevada County’s growth is considered modest by the Chief Financial Officer. At 4-point-8 percent, Martin Polt says that’s still below the historical average of 5-point-5 percent, and similar to a year ago. But he says they’re slowly catching up from the years of economic downturns…

click to listen to Martin Polt

The statewide increase is 6-point-1 percent. Polt says the revenue increase for Nevada County is 7point-9 million dollars, but only 14-percent goes into county coffers. The biggest share is for schools, at 57-percent…

click to listen to Martin Polt

And even with the one-percent Proposition-13 property tax limit, the state is taking in 55-billion dollars in revenue this year, which is ten times higher than the first year after the limitation was passed. That’s attributed to ever-rising property values and new construction. As expected, the biggest rebound in assessed values is found in the Bay Area.