Assessor reports increases in residential and commerical properties expected
Humboldt County Assessor Linda Fallesen told the Humboldt County Board of Supervisors on Monday that higher valuations for residential and commercial property can be expected from this year's assessments, while ag land should stay about the same.
Humboldt County Assessor Linda Fallesen reports that residential value changes will vary based on location, but the average increase county wide will be between 5-10 percent. Based on the 140 residential sales that occurred in 2020, the median assessment level was 90 percent. State law requires assessors to maintain a 5 percent margin (from 95-105 percent median assessment level). Multi-residential properties saw similar increases with an average countywide increase of 17 percent.
During the COVID-19 crisis, some commercial properties were negatively affected, while some were positively affected. In Humboldt County, the adjusted median assessment on all commercial properties was 78.65 percent. To be within the allowable state tolerance of assessment level, the overall value of commercial property can expect a 20 percent increase.
Read more about property assessments and the process for challenging those during the month of April in this week's Humboldt Independent. Your trusted source for local news and sports.
