News Column

BRIEF: Alameda County assessment roll up 6.5 percent

July 14, 2014

By Matt O'Brien, Contra Costa Times



July 14--OAKLAND -- A hot real estate market in the past year helped push Alameda County's annual property tax assessment roll by 6.5 percent to $218.6 billion, according to a report Monday by Alameda County Assessor Ron Thomsen.

Of the $13.9 billion added to the county tax rolls, $5.2 billion came from real estate sales and transfers and $1.2 billion from new construction activity.

Oakland and Fremont, as the biggest cities, continue to have the largest assessed values ($47.7 and $38.7 billion, respectively), but fast-growing Dublin recorded the largest increase -- 15 percent more than the prior year.

Assessed values jumped by 9 percent in Contra Costa County during the same time and by 6.8 percent in Santa Clara County.

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(c)2014 the Contra Costa Times (Walnut Creek, Calif.)

Visit the Contra Costa Times (Walnut Creek, Calif.) at www.contracostatimes.com

Distributed by MCT Information Services


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Source: Contra Costa Times (Walnut Creek, CA)


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