There are 1 item(s) tagged with the keyword "increased value".
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- 1. Increased assessed values in County
Property values are on the rise in Tulare County, a phrase not spoken in five years.Tulare County Assessor Roland Hill reported Tuesday that the total value of all property - secured and unsecured - in the county reached an all-time high last year, topping out at a net value of $27.415 billion. The previous high of $27.258 billion was set in 2008-09.Property values grew by 2.987 percent in the past year, the best growth in five years.“We have to go back to 2008-09,” said Hill of the last time property values grew by as much. Since 2008-09, several times property values actually declined.“It was right after that , that the bottom fell out,” he noted.Property values are an important indicator of the local economy.