The combined value of properties within the city of Santee rose 2.82 percent last year, to $4.7 billion, the county Assessor/Recorder/Clerk's office announced Thursday.
The combined value of almost 982,000 assessed properties in San Diego County rose 3.4 percent last year to $408.8 billion.
Minus various exemptions and deductions -- such as for properties owned by charities -- the total taxable value will be $393 billion. The 1 percent property tax should generate about $3.9 billion in revenue, county Assessor/Recorder/Clerk Ernest Dronenberg Jr. said.
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"The improved residential market required our office to partially or totally restore temporarily reduced values as the market value on many properties exceeded the values calculated pursuant to Prop. 13," Dronenberg said. "In addition, we experienced positive change in ownership and new construction activity."
He said all 18 cities in the county experienced property value growth.
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The assessed value of the properties was of of Jan. 1, 2013. The growth since New Year's Day 2012 was $13.6 billion, according to Dronenberg.
Property tax notices will be sent in the middle of next month, he said.
-City News Service
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