Remodeling tasks boosted assets values amid pandemic

Ventura County home values grew by 3.6% this year despite the pandemic, thanks to increasing residence charges and building projects encouraged by shutdown orders, officers stated. 

Assessor Dan Goodwin sees the creating surge as the greatest aspect in the $5.3 billion progress in assessed values, up to a record $152 billion in the roll of houses he certified late last thirty day period.

The growth arrived in spite of decreased values for enterprise qualities that had to limit their operations during the pandemic, he said.

Chief Deputy Assessor Keith Taylor explained the selection of building permits issued in the county rose by 11.5% from 2019, ahead of the pandemic strike, to final 12 months when the lockdowns were imposed.

About 16,100 permits had been issued in the initial yr of the pandemic in 2020, up from the prior year’s 14,400. Most of the permits were issued for residential and commercial remodeling tasks, Taylor claimed.