That property value will represent around $8.1 billion in property tax revenue — while also including a record $346 million in property tax savings for San Diego County homeowners, disabled veterans, seniors, museums, nonprofits, affordable housing and homeless service providers, according to the assessor. The savings represent a 7% increase over the previous year.
According to the assessor’s office, homeowners received $31.5 million in property tax savings through the homeowners’ exemption, while 22,817 disabled veterans and surviving spouses received $40.8 million in property tax relief.