Contact Information

1450 Court St, Ste 208A
Redding, CA 96001-1667

Phone: (530) 225-3600
Fax: (530) 225-5673
Toll Free: 1(800) 479-8009

Property Value Reviews

R&T Code Section 51 states that the taxable value of real property shall be the lesser of Base Year Value or Full Cash Value. The Assessor recognizes the responsibility to enroll the appropriate values during a declining market. A Proposition 8 reduction is a form of assessment relief. It may be applied when a Property's taxable value exceeds the current market value. For a better understanding of Proposition 8 Assessment Relief and other assessment questions, you can go to our Assessor Information/Pamphlets section.

What we are looking at for 2017

In recognition of the current market values as of the January 1, 2017 lien date, the Shasta County Assessor’s Office reviewed 18,030 Section 51 values from the January 1, 2016 assessment roll.  This review resulted in the reduction on 15,643 properties. 

A breakdown of the base year value percent change for the 15,643 Prop 8 reductions is a follows:

% Change compared to
Base Year Value
Prop 8 Count % of
Total Count
60% or more 685  4.38%
50% - 60% 857 5.48%
40% - 50% 1,700 10.87%
30% - 40% 3,177 20.31%
20% - 30% 3,488 22.30%
10% - 20% 3,726 23.82%
up to 10% 2,010 12.85%
Totals 15,643 100.00%

 

 

A historical review of recent value-declines in Shasta County

Value Reviews in Shasta County as of January 1, 2016

In recognition of the current market values as of the January 1, 2016 lien date, the Shasta County Assessor’s Office reviewed 20,120 Section 51 values from the January 1, 2015 assessment roll.  This review resulted in the reduction on 18,030 properties.  

A breakdown of the base year value percent change for the 18,030 Prop 8 reductions is a follows:

% Change compared to
Base Year Value
Prop 8 Count % of
Total Count
60% or more 832 4.61%
50% - 60% 1160 6.43%
40% - 50% 2153 11.94%
30% - 40% 3739 20.74%
20% - 30% 3935 21.82%
10% - 20% 3827 21.23%
up to 10% 2384 13.22%
Totals 18,030 100.00%

 

Value Reviews in Shasta County as of January 1, 2015 

In an effort to review the change in market value from January 1, 2014 to January 1, 2015, the Assessor’s office has analyzed the market value change.  These comparisons have not been adjusted for items such as new construction or disposals during 2014 which would not have been included in the January 1, 2014 value.   

A breakdown of the market value percent change for the 2014 to 2015 Prop 8 reductions is a follows:

% Change compared to
2014 Prop 8 Value
2015 Prop 8 Count % of Total Count
20% or more 1071 5.41%
10% to 20% 3302 16.66%
5% to 10% 5344 26.97%
0% to 5% 3335 16.83%
0% 6107 30.82%
0% to -5% 218 1.10%
-5% to -10% 150 0.76%
-10% to -20% 167 0.84%
Over -20% 120 0.61%
Totals 19,814 100.00%

Value Reviews in Shasta County as of January 1, 2014

In recognition of the current market values as of the January 1, 2014 lien date, the Shasta County Assessor's Office reviewed 26,559 Section 51 values from the January 1, 2013 assessment roll.  This review resulted in the reduction on 22,944 properties.

A breakdown of the base year value percent change for the 22,944 Prop 8 reductions is a follows:

% Change Compared to
Base Year Value
Prop 8 Count % of Total Count
60% or more 1,211 5.28%
50% - 60% 1,760 7.67%
40% - 50% 3,415 14.88%
30% - 40% 4,963 21.63%
20% - 30% 4,510 19.66%
10% - 20% 4,349 18.95%
up to 10% 2,736 11.92%
Totals 22,944 100.00%

 

Value Reviews in Shasta County as of January 1, 2013

In recognition of the current market values as of the January 1, 2013 lien date, the Shasta County Assessor's Office reviewed 29,512 Section 51 values from the January 1, 2012 assessment roll. This review resulted in the reduction on 26,559 properties.

A breakdown of the change percent for the 26,559 Prop 8 reductions is as follows:

%Change compared to

Base Year Value

Prop 8 Count % of Total Count
60% or more 1681 6.33%
50% - 60% 2381 8.96%
40% - 50% 4703 17.71%
30% - 40% 5577 21.00%
20% - 30% 5017 18.89%
10% - 20% 5124 19.29%
up to 10% 2076 7.82%
Totals 26,559 100.00%

Value Reviews in Shasta County as of January 1, 2012

In recognition of the decline in the market values as of the January 1, 2012 lien date, the Shasta County Assessor's Office made a proactive review of approximately 63,500 sales since January 1, 2000. This review resulted in the reduction on 29,512 properties.

A breakdown of the change percent for the 29,512 reductions is as follows:

%Change Number of Changes % of Change Count
60% or more 1878 6.36%
50% - 60% 3296 11.17%
40% - 50% 5533 18.75%
30% - 40% 6131 20.77%
20% - 30% 5339 18.09%
10% - 20% 5043 17.09%
up to 10% 2292 7.77%
Totals 29,512 100.00%

Value Reviews in Shasta County as of January 1, 2011

In recognition of the decline in the market values as of the January 1, 2011 lien date, the Shasta County Assessor's Office made a proactive review of approximately 51,500 sales since January 1, 2001. This review resulted in the reduction on 26,257 properties and a savings of over 27.5 million dollars for the property owners of Shasta County. This means 27.5 million that stays in the pockets of Shasta County residents.

A breakdown of the change percent for the 26,257 reductions is as follows:

%Change Number of Changes % of Change Count
60% or more 1424 5.42%
50% - 60% 2092 7.97%
40% - 50% 5307 20.21%
30% - 40% 6098 23.23%
20% - 30% 5181 19.73%
10% - 20% 4167 15.87%
up to 10% 1988 7.57%
Totals 26257 100.00%

Value Reviews in Shasta County as of January 1, 2010

In recognition of the decline in the market values as of the January 1, 2010 lien date, the Shasta County Assessor's Office made a proactive review of approximately 51,000 properties that had sold since January 1, 2001. This review resulted in the reduction on 23,375 properties and a savings of over 21 million dollars for the property owners of Shasta County. This means 21 million that stays in the pockets of Shasta County residents.

A breakdown of the change percent for the 23,375 reductions is a follows:

%Change Number of Changes % of Change Count
60% or more 660 2.83%
50% - 60% 1232 5.27%
40% - 50% 3135 13.41%
30% - 40% 5405 23.12%
20% - 30% 5599 23.95%
10% - 20% 5182 22.17%
up to 10% 2162 9.25%
Totals 23375 100.00%

Value Reviews in Shasta County as of January 1, 2009

In recognition of the decline in the market values as of the January 1, 2009 lien date, the Shasta County Assessor's Office made a proactive review of approximately 32,000 properties that had sold since January 1, 2003. This review resulted in the reduction on 16,400 properties and a savings of over 12.7 million dollars for the property owners of Shasta County. This means 12.7 million that stays in the pockets of Shasta County residents.

A breakdown of the change percent for the 16,400 reductions is as follows:

%Change Number of Changes % of Change Count
60% or more 239 1.46%
50% - 60% 423 2.58%
40% - 50% 1070 6.52%
30% - 40% 3176 19.37%
20% - 30% 4929 30.05%
10% - 20% 4486 27.35%
up to 10% 2077 12.66%
Totals 16400 100.00%

Value Reviews in Shasta County as of January 1, 2008

By January 1, 2008, Shasta County had been experiencing value declines for several months. Through extensive discussion with the appraisal staff regarding sales, it was determined that a review of all sales that had occurred since January 1, 2005 was required. This review of approximately 15,000 files resulted in 5,496 reduced values and a savings of over 3.8 million dollars for the property owners of Shasta County.

Value Reviews in Shasta County as of January 1, 2007

With the downturn in the housing market in evidence in mid 2007, the Assessor's office determined that it was necessary to look at the assessable values to be enrolled for the 2007-2008 tax year. The lien date values (as of January 1, 2007) were compared to the market values, determined by analyzing sales occurring up to 90 days after the January 1st lien date. The evidence indicated that the decline in values began around mid 2007. Due to the fact that the market decline began to occur after the allowable time period for comparison to the lien date values, an extensive review was not necessary for 2007. It did however shine a light on the widespread reviews that would be necessary in 2008. 

 

 

 

Leslie Morgan and the entire staff of the Shasta County Assessor-Recorder strive to represent the residents of Shasta County by taking a proactive approach to values, exemptions, and corrections. The approach utilized for declining values is just one example of their dedication to fair and accurate assessments. We hope that this information helps to better assist you with understanding Shasta County's valuation review process. Should you need clarification, or have comments, we welcome you to contact our office at (530) 225-3600. We look forward to the opportunity to discuss your questions and concerns.

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