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Where did real property values increase in SLO County?

October 9, 2023

By KAREN VELIE

San Luis Obispo County saw a 6.24% increase in the assessed value of real property during the past fiscal year with the largest increases in Paso Robles and San Luis Obispo, according to a SLO County Assessor’s Office report release Monday.

The total assessed value of all property in San Luis Obispo County increased last year by $4,163,367,820 for a total of $71,178,201,493. Changes in ownership, inflation and new construction were the largest factors leading to the increased value.

Where assessed values increased the most:

Paso Robles, up 7.5% with 49 new housing units

San Luis Obispo, up 7.4% with 587 new housing units

Atascadero, up 6.2% with 137 new housing units

Pismo Beach, up 5.8% with 15 new housing units

San Luis Obispo County unincorporated, up 5.7% with 138 new housing units

Arroyo Grande, up 5.7% with 17 new housing units

Morro Bay, up 5.6% with four new housing units

Grover Beach, up 5.5% with 10 new housing units

Where do the taxes go?

During the 2023-2024 fiscal year, the county is slated to collect $722,246,865 in property tax. Of that, 61% goes to schools, 24% to the county general fund, 7% to cities, 3% to local districts and 3% to redevelopment agencies.

Impacts of Proposition 13:

As part of this year’s annual report, SLO County Assessor Tom Bordonaro focused on the impacts of Proposition 13 and how the 1978 measure has helped keep people in their homes – especially seniors and those on fixed incomes.

Bordonaro noted his support of Proposition 13 shortly after SLO County changed its legislative platform.

On Sept. 12, the SLO County Board of Supervisors voted 3-2 to no longer support the two-thirds majority vote to raise taxes in its state legislative platform, with Supervisor Jimmy Paulding arguing that Proposition 13 does not include two-thirds majority vote requirements.

Proposition 13 limits property taxes to 1% of a property’s assessed value and also includes language requiring a two-thirds majority vote to raise taxes.

In addition, under Proposition 13, property tax assessment increases are limited to no more than 2% per year as long as the property does not have a change in ownership or any new construction.

“When ownership changes or new construction is completed, the property is reassessed at the market value, or the value of the new construction added to the existing assessment,” Bordonaro says in his report. “The reforms under Proposition 13 have provided property owners with the ability to estimate their future property taxes, and to determine the maximum amount their taxes can increase as long as they continue to own the property.”


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I guess if the house was given to you and a comp needed to be established for full cash value, the house next door was what they did? Since your house has been formerly established to be a dump and taxes were lowered to best represent the property value, you may have set the stage for re-assessments for every improvement you make but you can fight that by living in a dump. Just don’t forget to flush the toilet.


-4

What is this doing here? I wrote this for another article. As for this article, look at a snapshot of property values in the late 70’s and then compare that to todays full-cash-value and you will see that with prop 13, the tax revenue increase is off the chart. How many new schools have been constructed and how many new students are there today? Look at the pie chart and you will see that California should have a lavishing budget for education but there is no pie chart on how it was spent.


3

Years back I appealed my property tax assessment. The county told me that my house was valued similar to one that had, $70k in landscaping, remodeling top to bottom, new roof, new paint, etc. My house was original to it’s 1985 construction and basically was a total dump. My combativeness with the assessor got my case handed up to the head assessor (or whoever controlled the dept). The day of the appeal, they backpedaled from their unyielding position. First thing they did was they struck the completely remodeled house from their comps. I asked to use it and did a side by side comparison of my junky house with the high end pro real estate shots of their expensive house. There was audible laughter in the audience as I made fun of my place in comparison to their high-end house that they originally insisted was similar to mine. The head assessor kept interrupting me as I went through the photos-he was an arse. In the end, the panel apologized to me and reduce my property tax. It was a very, very satisfying day for me.


21

Makes you wonder how many others didn’t fight it to the end but gave in and got screwed.

Great job robertJ don’t let them push you around.


7

The only way to limit government is to limit taxes they collect, otherwise you end up with a 17,000 square foot, 40 millon dollar dispatch center for the Sheriffs’ department, Cal fire and 911.

No doubt they will fill all the space with nonproductive administrative employees.


22

Ah yes, limiting growth and decreasing revenue really works to make places better to live. Look at Detroit for example.


-6

Who said anything about limiting growth? I said limit taxes. Limiting taxes creates growth, increasing taxes only grows the government.

It’s obvious that our county is so flush with “revenue” that they are finding it difficult to spend it faster than it is collected. I suggest a 20 percent property tax reduction on all real property in SLO County.


6

Does Paulding EVER get it right?


27

“During the 2023-2024 fiscal year, the county is slated to collect $722,246,865 in property tax”. That’s actually kind of crazy when you work the math out on that. There are approximately 280,000 people in the county. That’s almost $2,600 for every man, woman and child. That doesn’t count county sales tax share, other funds from the state and feds, grants, application fees, permit fees, and so on and so on and so on.


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