BAKERSFIELD, Calif. (KGET) — The value of local property assessed in Kern County increased by about $3 billion in one year, according to the Kern County Assessor’s Office.
The total assessed value of all taxable property in Kern County as of Jan. 1 was $129 billion. This marks a $3.2 billion increase in local property over the past year, the report said.
According to the report, the real estate market is experiencing a continued slowdown mostly due to higher interest rates. However, Kern County still saw a 4.3% increase in the secured property assessment roll, reaching $100 billion…