LOCALLY ASSESSED PROPERTY VALUES

Locally assessed property values had their largest percentage increase in Mission Viejo this fiscal year, according to the California State Board of Equalization. Between the last fiscal year and the present one, which began July 1, locally assessed values increased nearly 24% in Mission Viejo. The smallest percentage increase, 8.1%, was in Newport Beach--much closer to the 13.3% countywide jump.

Although the biggest increase took place in Mission Viejo, the South County city’s total value was far from the highest value in any city. The $13.3 billion in Anaheim was highest of any city, 4.3% more than the $12.8 billion in Irvine.

Fiscal Year Fiscal Year City 1988-’89 1989-’90 % Increase Mission Viejo $3,697,860 $4,573,774 23.7 San Juan Capistrano 1,448,929 1,751,199 20.9 Yorba Linda 2,601,887 3,122,498 20.0 San Clemente 2,374,062 2,845,084 19.8 Tustin 2,344,978 2,782,292 18.6 Cypress 1,727,492 2,029,364 17.5 Huntington Beach 8,781,655 10.061,440 14.6 Villa Park 411,612 471,000 14.4 La Palma 653,643 739,262 13.1 Fountain Valley 2,350,751 2,646,742 12.6 Costa Mesa 5,404,103 6,072,817 12.4 Westminster 2,371,948 2,6661,412 12.2 Buena Park 2,692,072 3,017,673 12.1 Placentia 1,558,440 1,745,762 12.0 Irvine 11,400,297 12,760,767 11.9 Brea 2,511,535 2,808,133 11.8 Laguna Beach 2,095,148 2,342,377 11.8 Garden Grove 4,357,319 4,867,929 11.7 Stanton 828,429 925,500 11.7 Seal Beach 1,369,849 1,526,892 11.5 Orange 5,608,467 6,224,998 11.0 Los Alamitos 604,532 666,555 10.3 Fullerton 5,314,335 5,839,311 9.9 La Habra 1,754,687 1,925,607 9.7 Anaheim $12,145,931 13,316,637 9.6 Santa Ana 8,898,056 9,734,688 9.4 Newport Beach 9,153,230 9,896,326 8.1 Dana Point -- 2,613,189 -- Outside cities 17,150,249 17,767,945 18.8 COUNTY TOTAL $121,611,495 $137,737,173 13.3

Note: Amounts listed in thousands of dollars; state-assessed values not available ASSESSED VALUE GROWTH--FIVE-COUNTY COMPARISON

Assessed property values in Orange County are nearly 13% higher this fiscal year than last. The 12.8% increase from last year was larger than all but one of the four contiguous counties. Riverside County’s increase of 16.2% was the second-largest jump in the state, lower only than the 28.5% in Inyo County. Overall, six counties recorded bigger percentage jumps than Orange.

Fiscal Year Fiscal Year County 1988-’89 1989-’90 % Increase Los Angeles $352,861,064 $391,981,844 11.1 Orange 125,803,320 141,957,454 12.8 Riverside 43,802,832 50,893,443 16.2 San Bernardino 45,951,598 52,517,204 14.3 San Diego 103,552,808 115,118,866 11.2 Five-County Total 671,971,622 752,468,811 12.0 STATE TOTAL $1,275,516,366 $1,412,511,744 10.7

Note: Amounts listed in thousands of dollars and include both local and state-assessed totals.

Source: California State Board of Equalization