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By the Office of the Assessor for San Luis Obispo County
I am very pleased to present the Annual Report of the Office of the Assessor for 2022-2023. It is a great pleasure serving the people of San Luis Obispo County as assessor. This report provides information regarding the annual assessment roll and recognizes the accomplishments of our great staff.
The assessment roll covered in this annual report is a record-setting $67 billion, representing a 6.8% increase over last year. Over the past ten years the assessed value of all taxable properties has increased from $41 billion in 2013 to over $67 billion today. Residential property has been red hot during the past year, a fact which is reflected in the 46.8% increase in changes in ownership. New construction added another 10.2% growth for real properties. Business property, on the other hand, produced 5.5% of the total roll increase. This fairly indicates that commercial and business activity was very modest and resulted in minor growth on the assessment roll.
This was a “wow” year for residential properties, and “not so much” for commercial and industrial businesses. This report captures the reality of changing conditions in San Luis Obispo County and I am pleased to provide it to you.
Sincerely,
Tom J. Bordonaro, Jr.
County Assessor