The San Diego County assessor announced that the total assessed value for all taxable property in the county increased by 7.12%, raising it to $727.48 billion, representing $48.3 billion and setting a record. This resulted in more than $275 million in property tax savings for homeowners, disabled veterans, small businesses, and charitable organizations, and will result in around $7 billion in property tax revenue. Thanks to Prop 13, no homeowner should lose their home due to unaffordable property taxes.