fresno county real estate

published on July 17, 2017 - 4:23 PM
Written by Gabriel Dillard

The assessed value of Fresno County’s real estate properties has hit a “major milestone,” exceeding the $78 billion mark for 2017-18, said Fresno County Assessor-Recorder Paul Dictos Monday.

The final total — after $6 billion in reductions allowed under California law — is up by 5.44 percent, or $3.9 billion, compared to last year.

All 15 municipalities in Fresno County showed an increase in assessed value over last year. Fowler’s surge of 11 percent lead all cities, while the City of Fresno’s valuations were up 4.59 percent to $34.4 billion.

Forecasts show Fresno County residential property values will continue to stay hot, Dictos said.

“Recent housing market forecasts for Fresno suggest that home prices will continue rising steadily in 2017. While other California markets could level off, Fresno prices could rise by around 4% next year, according to one source,” said Dictos in a written statement.

According to the latest data for the month of May from real estate information firm CoreLogic, Fresno home prices, including distressed sales, were up nearly 7 percent compared to May 2016, and were also up nearly 1 percent compared to April.

Since 2011, Fresno County’s tax roll has grown by 37 percent, Dictos said, indicating “strong” numbers. It’s especially good for public schools and community colleges that receive 64 percent of the local property tax revenue generated in the county, he added.

2017-18 Fresno County Tax Roll, arranged by annual growth

Fowler: $522.82 million — up 10.99 percent

Clovis: $10.25 billion — up 9.17 percent

Mendota: $227.22 million–up 8.9 percent 

Firebaugh: $325.42 million — up 8.39 percent

Kerman: $710.07 million — up 8.16 percent

Parlier: $394.34 million — up 7.24 percent

Reedley: $1.14 billion — up 6.48 percent

Huron: $113.36 million — up 5.79 percent

Sanger: $1.19 billion — up 4.61 percent

Fresno: $34.44 billion — up 4.59 percent

Selma: $1.08 billion — up 4.56 percent

Coalinga: $526.35 million —  up 4.2 percent

Orange Cove: $184.33 million — up 3.46 percent

San Joaquin: $89.2 million — up 2.59 percent

Kingsburg: $1.04 billion — up 2.98 percent

Source: Fresno County Assessor-Recorder

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