The City of
Tulare showed a remarkable 10.3% increase in assessed valuation
- the value of all
property - within the city
in just one year.
Assessor's Office put out the annual report that showed the value of
all property went up 5.7% countywide with a large percent of
increase coming with the urban areas. Visalia remained the richest
jurisdiction with a 6% increase over the last year and property
valued at nearly $4.8 billion. "I think next year we will go over
$5- billion." says Visalia city manager Steve Salomon.
took it to over $1.86 billion - with growth coming higher than the
city had estimated, says Kevin
manager. "The town has been on a pretty good growth spurt," says
Northcraft. That includes large additions like the new CPl plant and
more upscale subdivisions. "We're seeing more commercial growth as
well," says Northcraft pointing to new stores under construction in
the northwest of the city. The latest is the new Foodsco store
(Ralph's) that have submitted plans this week.
increase in property tax is good for the cities they get only 15% of
the taxes while other jurisdictions get 85%. The big winner is the
county that sees the increase where the property is within the
cities or not.
growth this year is boosting local economies in this new fiscal year
along with new subdivision growth is up 26% in May from a year ago,
according to a Cuesta Title report.