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Property Values Continue Recovery

Property values continue to recover since the recession, including in Nevada County. County Assessor Sue Horne says there was a 5-point-2 percent increase last year, from 2013, or 16 and a half billion dollars. The 2013 figure was 5-point-1 percent better than 2012. It’s mainly due to the inflation rate…

click to listen to Sue Horne

Horne says while the growth is nothing dramatic, compared to the Bay Area and coastal counties, she’s seeing more properties being sold, which also increases values…

click to listen to Sue Horne

Horne says over 50-percent of property tax revenue goes to schools. It’s 14-cents on the dollar for local government services, ten-percent for local cities, and special districts getting the rest.

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