Strong demand for real estate led to a nearly 6% increase in assessed values in Riverside County going into 2021, according to Riverside County’s Assessor-County Clerk-Recorder.
Assessor-County Clerk-Recorder Peter Aldana announced last week that the total taxable value of all property in Riverside County for the current year grew to $338 billion, an $18 billion increase. This year’s tax roll, a list of all taxable property, its owner, and its value as of Jan. 1, will generate roughly $3.3 billion for local government services.
“We all were concerned about the impact of COVID on assessed values,” Aldana said, “but the economy has rebounded quickly, and the strength and growth of the real estate market are reflections of that recovery. I also must give credit to the tremendo