According to the San Diego County-Recorder-County Clerk Jordan Z. Marks, San Diego’s gross assessed value of all taxable property, including residential, commercial, and industrial land, has reached $769 billion, 5.58% higher, or $40.6 billion great than last year. San Diego County’s total assessed property valuation, a record high for the 12th consecutive year, includes 1,017,929 residential parcels, 56,839 business properties, 14,852 boats and 1,576 aircraft. The total for parcels makes San Diego County the fifth largest assessment jurisdiction in the U.S.
Countywide, the largest assessed value in dollar amount was $19.3 billion for the city of San Diego, followed by Countywide property values report increase Carlsbad at $46.4 billion, Chula Vista at $43.1 billion and Oceanside at $34.4 billion.
The lowest assessed values were in Imperial Beach and Lemon Grove, both at $3.4 billion. The 2024 gross assessed value for the city of El Cajon was $13,559,175,149, or 3.33% higher than the 2023 figure of $13,122,021,164. Figures for the city of La Mesa were $10,716,933,082 for 2024, a 3.51% increase from $ 10,353,489,019 in 2023. Figures for the city of Santee were $9,289,601,629 for 2024, a 5.42% increase from $8,811,894,317 in 2023.
San Marcos, at $19.2 billion, posted the county’s highest assessed value growth rate at 7.46%. The lowest increase was El Cajon, at $13.5 billion, which rose 3.3%.
“My office delivered a record- high $300 million in property tax savings for San Diegans thanks to our proactive efforts, which included our important work helping our neighbors qualify for property tax relief necessary for rebuilding from the devastating 2024 winter storm floods,” said Marks in a press release. “My Assessor team’s awardwinning proactive outreach has delivered more housing affordability for San Diegans than ever before, especially record high property tax savings of $29.5 million to help our disabled veterans and their surviving spouses, and more relief for renters and homeless service providers as we work together as a region to find solutions to our housing challenges.”