Value of all Sonoma County property hits all-time high

Location, location, location? Sonoma County’s not a bad overall option — its net assessment roll has hit an all-time high of $114,485,345,311, an increase of 5.68 percent over last year’s figure.

The roll amount reflects the value of all real and business property in Sonoma County as of Jan. 1, 2023.

Property tax revenue generated by the assessment roll funds entities including public K-12 schools, community colleges, counties, cities, as well as public benefits and services. Approximately 50 percent of local property tax revenue goes toward public education.

The 5.68 percent increase to the assessment roll can be attributed to Sonoma County’s strong residential market combined with the 2 percent increase to the Consumer Price Index.

Property owners who feel their assessed value is higher than the market value as of Jan. 1, 2023 are encouraged to file an Application of Change Assessment with the Clerk of the Board by Nov. 30, 2023.

The Assessor’s Office has been continuing to work through a backlog of work resulting from multiple disasters, a strong real estate market over the last several years, the implementation of Proposition 19 and staffing turnover.

The Board of Supervisors in the last year has approved additional positions, which will assist in addressing the backlog, and ensure that the Assessor’s Office is providing timely property assessments to Sonoma County property owners.

The 2023-24 assessed value notices are posted on the Assessor’s website at https://sonomacounty.ca.gov/assessor.