County's total assessed value up small fraction in 2010

SAN DIEGO - San Diego County Assessor Ernie Dronenburg announced June 29 that the assessed value of all taxable property in San Diego County has increased 0.51% (or $2 billion) over last year. This year’s total assessed roll value is $395.7 billion and based on a 1% rate it will produce approximately $3.9 billion in property taxes.

This is the first year over year positive roll growth since 2008. “We are cautiously optimistic that we are at or very close to the bottom of the residential market and believe that next year’s values should be up or at least flat,” Dronenburg stated. “Three element...