Good news: land in San Diego County has never been worth more.

The San Diego County Assessor-Recorder-County Clerk reported that the gross assessed value of all taxable properties—residential, commercial, and industrial—has reached a record $806 billion, the highest in county history.

That figure reflects a 4.95% increase, or $38 billion, over last year, following certification by Assessor Jordan Z. Marks.

Despite a 23% drop in home sales—the lowest since 2007—low housing inventory has helped keep prices strong, fueling steady growth in land values. Over the past three decades, San Diego County property values have risen almost every year, with declines only during the Great Recession, according to a news release.

“The 2025 tax roll shows that San Diego County is the gold standard in f

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