Fresno County Assessor-Recorder Paul Dictos
Written by The Business Journal Staff
Fresno County will see an uptick in tax revenue after an increase of property values in almost all major cities.
The 2019-2020 assessment roll increased 5.84% year-over-year to $90.46 billion, according to a press release from the Fresno County Assessor’s Office.
“This is good news for our families and children,” said Paul Dictos, Fresno County assessor.
The assessment roll represents the total net value of real and business properties throughout the county. Over the past eight years, it has grown 58%, the most since the early 1980s, the release stated.
Business property includes machinery, equipment, computers and fixtures.
Counties collect tax revenue based on the assessment roll. Money goes toward schools, community colleges and cities as well as social services and the courts. In 2018-19 tax year, 42.1% of funding for the county budget came from taxes.
Every city except for San Joaquin experienced an increase. San Joaquin’s total property value decreased .35% to $89.36 million. Huron had the smallest increase with 3.16% to $108.1 million, and Fowler had the greatest with 12.99% to $619.82 million.
Fresno increased 5.39% to $38.23 billion.