SMALL $8 BILLION: New state numbers show...
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SMALL $8 BILLION: New state numbers show Orange County’s property tax rolls increasing this year by $8 billion, or just 4.9%, about the state average. Says Howard Whitcomb of the county assessor’s office: “It was one of the slowest years we’ve ever had. We haven’t seen much indication that it’s going back up.” . . . The Inland Empire rolls are up well over the state average, though. Whitcomb says one reason is that high housing prices are driving people from counties like Orange to Riverside and San Bernardino.
County Value
The 1992-1993 assessed property valuation shows Orange County at almost $179 billion, up almost 5% from last year.
Increase from 1991-’92 San Bernardino: 6.6% Riverside: 6.2% Los Angeles: 5.8% Orange: 4.9% San Diego: 3.8% Source: State Board of Equalization
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