This morning at my MLS (multiple listing service) meeting, John Tuteur, the Napa County Tax assessor, spoke to our group as he does about twice a year. He had some pretty amazing facts about the property tax assessments for Napa County. Here are a few of the highlights:
- California will have deflation for 2010 compared to 2009
- If your home was valued at $100,000 as of January 1, 2009 for property tax evaluations, it will be worth $99,764 January 1, 2010 for this valuation
- This is the first time in Napa County Tax Assessor’s recent history (since at least 1973) this has occurred
- Since Proposition 13 (property taxes can only increase by a max 2% in any tax year) was passed by the voters in 1978 only 5 years have had 1-2% increase, the remainder the max 2%
- 64% of the homes in American Canyon are in a decline of value status for property tax evalution compared to previous years
- This number is 26% in the City of Napa
Besides being a great speaker filled with great facts, John also maintains a number of great article on the Napa County web site which can be accessed here:
