Santa Clara County report shows increased property values

Santa Clara County property values have increased faster than last year, although overall growth has remained below 5% as economic uncertainty and changes in the real estate market continue to shape the region. The total net assessed value of all real estate and personal property — known as the assessment roll — reached a record $760.1 billion for the 2026-27 fiscal year, up by $34.4 billion from the previous year, a 4.7% rise compared to just more than 4% in 2025, according to the annual report from the Assessor s Office. Changes in property ownership accounted for nearly $16.9 billion of the growth. Residential properties accounted for 82% of the value change and 49% of overall growth. The annual inflation adjustment under Proposition 13 added another $13.1 billion. “The cost of money (mortgage rates) will be significant, potentially restricting sales transactions, which is the biggest driver of roll growth,” Santa Clara County Assessor Neysa Fligor told San José Spotlight. New const