News Summary
Coronado has reported a historic gross assessed value of taxable properties for the upcoming tax roll assessment at $13.64 billion, reflecting a 5.42% increase from last year. This growth highlights the stability of Coronado’s real estate market amidst broader economic challenges. San Diego County recorded a total value of $806 billion, with an additional $38 billion from the previous year. The assessment will yield $7.73 billion in property tax revenue, aiding public services and economic infrastructure, while Proposition 13 safeguards the majority of properties from significant tax hikes.
Coronado has recorded an unprecedented gross assessed value of taxable properties for the 2025 tax roll assessment, totaling $13,639,897,736. This figure represents a notable increase of 5.42% from last year’s assessed value of $12,938,828,146. The announcement underlines ongoing growth and stability in the Coronado real estate market, balancing the effects of broader economic trends.
Meanwhile, the overall gross assessed value for all taxable properties in San Diego County has reached a new record of $806 billion, reflecting a 4.95% increase, equivalent to an additional $38 billion from the previous year. This ranking places San Diego County as the fifth largest assessment jurisdiction in the United States, managing a total of 1,020,253 taxable real estate parcels.
In addition to residential properties, there are 55,478 active business personal property accounts recorded, alongside 15,162 boats and 1,562 aircraft, which contribute to the region’s economic infrastructure. After accounting for $32.2 billion in taxpayer savings, the net assessment value stands at $773.9 billion.
The current assessment is projected to yield a record $7.73 billion in property tax revenue, marking an increase of $358.7 million from the previous year. This vital revenue stream will support essential government services, including education and public safety initiatives throughout the county.
As the San Diego County Assessor-Recorder-County Clerk emphasizes, timely closure of the tax roll is critical to prevent service interruptions. The provisions of Proposition 13 play a significant role in protecting more than 92% of properties, contributing $14.1 billion to the assessment roll, thereby preventing drastic property tax increases for homeowners.
Furthermore, the 2025 assessment reflects over $322 million in property tax savings for specific demographics, including disabled veterans and residents benefiting from affordable housing projects. Despite overall gains, the number of business properties has declined by 2.5%, equating to a net loss of 1,361 businesses compared to last year, bringing the total to 55,478 active accounts.
Valuations of downtown office properties in particular have experienced substantial reductions due to significant vacancy rates estimated at approximately 35%. Although commercial parcels constitute only 3% of total property counts, they are responsible for 13% of the total assessed value. Nevertheless, fluctuations in the downtown market had a minimal overall impact, as this sector represents just 1.9% of the total roll value.
Positive feedback from taxpayers is reflected in the 98.5% customer service rating received by the Assessor’s office. Historical data also indicates how property values have soared over the years in Coronado, with notable properties, such as a home built for a U.S. Pacific Fleet commander, recently listed for $19.5 million, showcasing the high-end real estate landscape in the area.
This assessment period marks yet another pivotal moment for property values in both Coronado and San Diego County, showcasing resilience amid market challenges and continuing to support the regional economy.
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Additional Resources
- Coronado News: San Diego County Property Values
- Patch: San Diego County Property Tax Deadline
- 10 News: Mansion Tax and Affordable Housing
- San Diego Business Journal: $19.5M Coronado Home
- Patch: Property Owners Tax Reminders
- Wikipedia: Property Tax
- Google Search: San Diego County property valuation
- Google Scholar: Real estate market trends San Diego
- Encyclopedia Britannica: Real Estate
- Google News: San Diego real estate
Author: STAFF HERE CORONADO
The Coronado Staff Writer represents the experienced team at HERECoronado.com, your go-to source for actionable local news and information in Coronado, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Coronado Island Film Festival, productions at Lamb’s Players Theatre, community workshops at John D. Spreckels Center, and iconic celebrations at Hotel del Coronado. Our coverage extends to key organizations like the Coronado Chamber of Commerce and Visit Coronado, plus leading businesses in hospitality, dining, and tourism that drive the local economy. As part of the broader HERE network, including HERESanDiego.com, HEREHuntingtonBeach.com, HERELongBeach.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
