County assessments down 7.2%

by BGR on July 2, 2009 · 2 comments

Gus Kramer Contra Costa County Assessor

According to the July 1, 2009, report of the Contra Costa Assessor to the Board of Supervisors, the County Assessment Roll shows a decrease of $11.3 billion DECREASE in the local tax base for 2009-2010, a 7.2-percent loss in assessed values currently at $145.6B.

SEE FULL REPORT BELOW

According to Assessor Gus Kramer’s report, some Contra Costa cities faired worse than others—San Pablo -23.95%, Oakley -21.93%, Antioch -21.73%— with other cities in double digit decline. Orinda (5.39%), Lafayette (3.31%), and Moraga (1.85%) were the only cities in the county to show net gains during the period.

Prospects are not rosy as the trend is still “shows downward movement due to the current economy.”

Cccounty July 2009 Assessment Report

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Kris Hunt July 3, 2009 at 9:18 am

Unfortunately for CCC, the County budgeted using a 5% decline. This means new cuts.

KSH

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