Mark Church

Mark Church 

San Mateo County’s property assessment roll increased year over year by $22.2 billion, or 8.34%, to a record high of over $288 billion in assessed value, San Mateo County Assessor Mark Church announced Tuesday.

Big increases were seen in the cities of San Carlos, South San Francisco, Burlingame, Millbrae and East Palo Alto. San Carlos had an increase of 12.64%, South San Francisco was up 12.53%, Burlingame saw a hike of 10.77%, Millbrae increased 9.43% and East Palo Alto was up 9.29%. The top five cities for growth in assessed value were South San Francisco at $3.08 billion, San Mateo at $2.59 billion, Redwood City at $2.08 billion, Menlo Park at $1.85 billion and San Carlos at $1.74 billion. The assessed value increases in these five cities total over 51% of the increase for the 2022-23 roll, according to the Assessor’s Office.

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(1) comment

brewster1

So can we stop hearing about deficits and budget cuts and curtailed services by our city councils? Let us not forget that a billion is a THOUSAND million. Seems like a lot of bananas to spend.

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