Coronado's Assessed Values Rise

Coronado properties rose in value by just over one percent last year, according to the San Diego County Assessor's Office.

That was part of overall growth throughout the county, as assessed value of all taxable properties grew by 0.51 percent, or about $2 billion, in 2010.

The total value of nearly 979,000 county parcels rose to $395.7 billion, which is expected to generate $3.9 billion in property taxes.

The value of Coronado properties rose to $6.57 billion, up 1.36 percent.

After three years of negative results, assessor Ernie Dronenburg described himself as “cautiously optimistic” about the increase and said next year's values should at least remain flat or perhaps rise again.

He attributed the climb to fewer residential assessment appeals, additional assessments after sales or construction, and the
indexing of Proposition 13 values.

Other notable numbers from the assessor's report include:

• About 58,000 properties were sold last year, adding nearly $4 billion in assessed value.
• Construction at 8,300 locations added $1.7 billion, though that is the smallest increase in more than 10 years.
• The loss in values from appeals fell from $8 billion to $4.7 billion.
• The tax rolls also include assessments on 60,931 businesses, 14,735 boats and 1,850 aircraft.
• Of the 18 incorporated cities in the county, three declined in value. Carlsbad fell by 0.41 percent, Chula Vista dropped by 0.11 percent and Imperial Beach a slight 0.02 percent.
• The biggest increases were in Del Mar, at 2.67 percent, and Solana Beach, at 2.2 percent.

City News Service contributed to this report.