Kings County Assessor announces local assessment roll increases to record $10.88 billion

By The Leader Staff

Kings County Assessor Kristine Lee announced this week that her office, which also encompasses the Clerk-Recorder and Registrar of Voters, completed the 2017-2018 Assessment Roll, and has determined that the local assessment roll has increased to a record $10.88 billion.

The Kings County Net Assessment roll, with exemptions removed, rose to $10.38 billion.

The net Assessment roll increased by 4.00 percent across Kings County, adding over $399 million in value compared to last year’s roll.  Much of that gain is due to the increased activity and rising prices of the real estate market. 

Most Cities within Kings County experienced impressive gains this year. The City of Hanford posted the largest dollar increase of $263,429,211, with a total assessed value of $3,821,767,524, while the City of Lemoore increased to $1,928,358,035. Corcoran ended the year at $418,020,604, and the values for the City of Avenal had a decrease from last year to $259,321,277. 

Areas outside city boundaries posted an increase of over $87.5 million for a total assessed value of $3,950,023,839.

There are currently 799,758 active agricultural acres within Kings County with 593,669 of those under Williamson Act or Farmland Security Zone Contract.

The Assessor’s office has sent assessment notices to Kings County property owners.  This notice states the value that will be used by the Tax Collector’s Office to determine the amount of tax a property owner must pay.  Any property owner who believes that the value stated in his or her notice is greater than the current market value of the property should contact the Assessor’s Office as soon as possible.  Valuation issues can usually be resolved without filing a formal assessment appeal when a property owner notifies the Assessor early.

On the rare occasion when valuation issues cannot be resolved through an informal process a property owner may wish to file a formal assessment appeal.  Applications may be obtained from the Clerk of the Board of Supervisors between July 2 and September 15, 2017.  All applications must be filed or postmarked before 5 p.m. on the last filing day.  

Comments powered by Disqus