|September 25, 2021|
Increasing real estate values lead pandemic recovery
RIVERSIDE – (INT) – A strong demand for real estate has fueled a 6 percent increase in Riverside County’s assessed property values.
Assessor-County Clerk-Recorder Peter Aldana announced Tuesday that the total taxable value of all property in Riverside County for the current year grew to $338 billion, an $18 billion increase.
This year's tax roll—a list of all taxable property—will generate roughly $3.3 billion for local government services.
“We all were concerned about the impact of COVID on assessed values,” Aldana said, “but the economy has rebounded quickly, and the strength and growth of the real estate market are reflections of that recovery.”
Story Date: July 28, 2021