Local property values see double digit increase
NEEDLES — At the very beginning of what’s today called the Great Recession many pundits referred to the economic fallout as a wasted decade. Reviewing Needles’ assessment rolls for the last 11 years that temporal estimate appears to be accurate.
Visibly pleased, City Manager Rick Daniels brought county Assessor-Recorder-Clerk Bob Dutton’s latest figures to the Aug. 2 meeting of the Needles Downtown Business Alliance. “This is big news,” he said; showing the city’s property values finally climbing out of a long U-shaped dive and recovery with a 13.5 percent spurt in 2018 that puts the current roll roughly $3 million ahead of the high point, $350,656,537, reached in 2009.
The records displayed on Dutton’s website: https://sbcountyarcblog.org/assessment/needles/, which Daniels printed for the NDBA membership, begin with a 14.6 percent increase in 2007, producing a total valuation of $326,782,656. Growth slowed but didn’t stop right away: 2008 saw a 6.5 percent increase and 2009’s high point came at the end of a 0.8 percent climb for the year. The big dive locally began in 2010 when valuation fell by 5.7 percent to $330,694,593. The fall slowed to a half percent by 2015 when local valuation bottomed out at $303,863,082. The trend reversed in 2016 with a 0.6 percent gain that increased to 1.8 percent in 2017; then soared into the 13.5 percent rise this year that pegged values at $353,348,532.
That figure, Daniels explained, is the “total of all the property and buildings inside the city … this year’s $40 million increase … includes everything inside the incorporated city limits.”
Dutton’s site this year doesn’t seem to display figures for all cities at once. During a slow click through a list of 25 other cities it appeared only the city of Rialto surpassed Needles with a 15.7 percent increase in valuation. Fontana added 11 percent, Ontario 10.
The 2018 San Bernardino County Assessment Roll contains 813,482 taxable parcels valued at $221,726,218,130; a 7.3 percent net increase over 2017’s total, according to Dutton.