H O M E S
Some Hemet property values up; most declines
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 Despite countywide reductions in property values for three years running, assessed values in some Hemet communities actually increased on the 2011-12 property tax assessment roll, the Assessor-County Clerk-Recorder announced.
Overall, the value of assessed property in Hemet declined by 1.45 percent for fiscal year 2011-12, a reduction that cut the assessment roll by $3 billion, Assessor-County Clerk-Recorder Larry Ward said. The roll closed with a total net taxable value of $205 billion, down from $208 billion last year and a plunge from the 2008 peak of almost $243 billion.
Among communities with an increase in assessed value, Perris was the top city with a 1.24 percent gain. Next was Menifee, up 1.17 percent, Moreno Valley, up 0.69 percent and Temecula, up 0.24 percent. Assessed values in other cities declined.
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