Sac County Assessor Annual Repor : simplebooklet.com

Table of Contents �� 2Message from the Assessor �� 3The Role of the Assessor �� 4Property Tax Workflow�� 5Property Tax Distribution �� 62024-2025 Sacramento County Assessment Roll �� ……��…………………………………��7Distribution of Value by Property Type – Secured Roll �� …………………………………… 7Assessment Roll - Cities �� 7Assessment Roll - Schools �� 820 Year History of Local Assessment Roll �� 9Proposition 13 �� 9Proposition 8 Decline in Market Value ��10Requests for Review and Assessment Appeals �� 11Business and Personal Property ��12ADU Characteristics Program ��13New Housing Trends ��14Proposition 19 Tax Savings Changes for Property Owners ��…�……………………�� 15-16Yearly Comparison of Assessor’s Workload ��17Exemptions �� ……………………………………………………………………………………�18Solution-Oriented Customer Service ��19Leadership ��20Acknowledgments �� 21Property Tax Assessment Calendar��22Table of Contents2024 ANNUAL REPORT / 2

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Message from AssessorChristina WynnI’m pleased to announce that this year’s assessment roll has reached a record $243 billion—a 5�18% increase over last year� This milestone reflects the total gross assessed value of locally assessed real, business, and personal property in Sacramento County as of January 1, 2024� Property tax revenue is a critical source of funding for over 175 local government agencies, including schools, fire districts, parks, and community service districts, as well as cities and redevelopment agencies� It is also one of the largest sources of discretionary funding for Sacramento County’s General Fund�This report provides comprehensive details about Sacramento County’s 2024-2025 assessment roll, property tax savings programs, and other key information� These results reflect the dedication of our employees, who continue to serve our communities with excellence while performing essential property assessment functions�I want to thank all employees for their unwavering commitment to our mission and values, their extraordinary customer service, and their ongoing efforts to improve our processes�Thank you for taking the time to review this annual report� I welcome your questions and comments at wynnc@saccounty�gov�Best regards,Christina WynnSacramento County Assessor3 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSORKey Highlights:• Net Assessed Value: After deductions for property tax exemptions, including those for homeowners, disabled veterans, and charitable organizations, the net assessed value stands at $231 billion�• Property Value Growth: While the overall assessment roll increased by 5�18%, most properties saw a 2% increase, thanks to the protections under Proposition 13�• New Development Impact: This year’s growth is largely attributed to sustained increases in residential values and ongoing new housing development, which added over $16 billion in value�• Revenue Generation: The assessment roll is expected to generate approximately $2�3 billion in property tax revenue—an increase of $115 million over last year�

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2024 ANNUAL REPORT / 4The Assessor is a Constitutional Officer elected every four years by the people of Sacramento County� The Assessor’s primary responsibility is to locate all taxable property in Sacramento County; identify its ownership; appraise and assess this property, apply all legal exemptions and exclusions, as of January 1st of the calendar year; and to list it on the assessment roll�Property value is determined by the Assessor and applicable state and local laws� Although this value is then used to calculate property taxes, the Assessor does not set property tax rates, issue tax bills, or receive property tax payments�The Assessor must maintain records of the above and provide property owners and the public access to assessment roll information, as allowed by law�OUR MISSIONWe provide equitable, timely, and accurate property tax assessments and information�OUR VALUESProfessionalismIntegrityEfficiencyThe Role of the Assessor

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Property Tax WorkflowProvides copies of all deeds and recorded documentsPrepares and distributes property tax bills and processes property tax paymentsProvide copies of all building permits issuedAssesses all real and personal property (businesses, manufactured homes, boats, and airplanes) located throughout the CountyReceives the assessments from the Assessor and applies the appropriate tax rate and special assessments to determine the actual amount of property taxes owedAllocates property tax revenue to over 175 local taxing agencies, including the County, cities, schools, and special districtsClerk RecorderAuditor-ControllerTreasurer-Tax CollectorAuditor-ControllerAssessorCity & County Agencies5 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR7% Redevelopment Successor Agencies11% Incorporated Cities15.9% County General Fund17% Special Districts49.1% Schools

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Property assessments generate significant property tax revenue, one of the largest sources of discretionary funding for Sacramento County’s General Fund�After the deduction of homeowners’, disabled veterans’, and charitable organization exemptions, the County’s total net assessed value for 2024-25 is $231 billion� This year’s assessment roll generates over $2�3 billion in property tax revenue, yielding an added $115 million in gross revenue over last year�Property tax revenue collected at the County level is distributed to over 175 local government agencies; cities, schools, and special districts such as fire, park, community service and cemetery districts�Property Assessments & Tax Revenue DistributionDistribution of Property Taxes2024-25 Distributions, Rounded7% Redevelopment Successor Agencies11% Incorporated Cities15.9% County General Fund17% Special Districts49.1% Schools2024 ANNUAL REPORT / 6

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2024-2025 Sacramento County Assessment RollSecured and Unsecured Net of Exemptions with Comparison to 2023-2024Values are secured and unsecured net of unreimbursed exemptionsYear Land Improvements Pers. Property Total Before Ex Non H/O Ex Total Homeowners Ex Net Total2024-25 65,521,335,313 167,072,007,555 11,108,132,662 243,701,475,530 10,564,914,263 233,136,561,267 1,458,939,742 231,677,621,525 2023-24 62,589,569,137 158,216,203,983 10,892,977,521 231,698,750,641 10,030,172,660 221,668,577,981 1,469,461,564 220,199,116,417 Difference 2,931,766,176 8,855,803,572 215,155,141 12,002,724,889 534,741,603 11,467,983,286 (10,521,822) 11,478,505,108 Net Increase in Assessed Values for Sacramento County 5.18% 5.17% 5.21%Total Number of Secured Assessments 499,265 Total Number of Unsecured Assessments 33,727Total Assessments 532,992Jurisdiction 2024-25 2023-24 Net Increase % IncreaseCitrus Heights 9,655,026,938 9,284,568,438 370,458,500 4% Elk Grove 28,732,989,483 27,216,675,418 1,516,314,065 6% Folsom 20,668,487,354 19,550,672,380 1,117,814,974 6% Galt 3,232,113,014 3,036,221,019 195,891,995 6% Isleton 86,380,870 79,879,461 6,501,409 8% Rancho Cordova 13,444,934,790 12,587,199,643 857,735,147 7% Sacramento City 75,396,324,743 71,906,654,953 3,489,669,790 5% Unincorporated Area 81,920,304,075 78,006,706,669 3,913,597,406 5% Totals 233,136,561,267 221,668,577,981 11,467,983,286 5%Parcel Count Assessed ValuesProperty Type 2024 2023 # Change % Change 2024 2023 $ Change % ChangeVacant Land - Residential 17,537 17,238 299 1.7% 2,971,136,056 2,767,954,833 203,181,223 7.3%Single Family Residences 398,509 395,075 3,434 0.9% 149,312,255,173 141,558,261,548 7,753,993,625 5.5%Condominiums 14,133 14,137 -4 -0.0% 3,402,565,243 3,250,308,226 152,257,017 4.7%Manufactured Homes 8,219 8,194 25 0.3% 586,040,389 568,067,137 17,973,252 3.2%Multi-Family 2 to 4 units 16,209 16,282 -73 -0.4% 6,093,148,576 5,842,691,249 250,457,327 4.3%Agricultural 2,990 2,991 -1 -0.0% 1,895,693,833 1,829,002,955 66,690,878 3.6%Multi-family 5 or more units 3,921 3,888 33 0.8% 18,830,697,760 17,469,286,060 1,361,411,700 7.8%Commercial/Industrial 17,247 17,148 99 0.6% 46,201,336,725 44,861,434,984 1,339,901,741 3.0%Vacant Commercial/Industrial Land 3,472 3,449 23 0.7% 1,822,783,958 1,850,840,508 -28,056,550 -1.5%Oil, Gas, and Minerals 119 123 -4 -3.3% 58,863,134 76,842,016 -17,978,882 -23.4%Church & Welfare Parcels 1,344 1,343 1 0.1% 2,215,841,155 2,125,617,539 90,223,616 4.2%Common Area Parcels 3,435 3,393 42 1.2% 1,713,360 3,779,791 -2,066,431 -54.7%Locally Assessed Utility Parcels (owned/leased) 566 565 1 0.2% 0 0 0 0.0%Government Owned 8,104 7,999 105 1.3% 0 0 0 0.0%Misc. Other 3,460 3,387 73 2.2% 251,514,463 268,824,231 -17,309,768 -6.4%Totals 499,265 495,212 4,053 0.8% 233,643,589,825 222,472,911,077 11,170,678,748 5.0%Distribution of Value by Property TypeSecured Real Property Value Comparison 2023 vs 2024Values are gross totals (land, improvement, fixtures and personal property) – before exemptions/exclusionsNon H/O Ex includes Institutional and Veterans’ Exemptions, Secured and Unsecured2024-2025 Sacramento County Assessment Roll - CitiesSecured and Unsecured Net of Institutional Exemptions, before Homeowners’ Exemptions7 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR

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2024 ANNUAL REPORT / 82024-2025 Sacramento County Assessment Roll - SchoolsWith Comparison to 2023-2024School District 2024-25 2023-24 Net Increase % IncreaseArcohe Union 1,048,628,999 990,374,450 58,254,549 6% Center Joint 2,815,038,076 2,659,260,788 155,777,288 6% Dry Creek Joint 2,581,471,283 2,416,543,559 164,927,724 7% Elk Grove Unified 52,455,221,208 49,610,894,869 2,844,326,339 6% Elverta Joint 370,972,989 349,151,021 21,821,968 6% Folsom Cordova 90,579,570,177 86,155,922,754 4,423,647,423 5% Galt Joint Union Elem 3,906,553,895 3,682,707,219 223,846,676 6% Galt Joint Union High 4,955,182,894 4,673,081,669 282,101,225 6% Los Rios CCD 220,695,668,611 209,824,502,154 10,871,166,457 5% Natomas Unified 16,789,170,578 15,817,761,349 971,409,229 6% River Delta Unified 2,378,642,036 2,342,269,104 36,372,932 2% Robla 4,056,905,503 3,798,946,501 257,959,002 7% Roseville Joint Union 2,581,471,283 2,416,543,559 164,927,724 7% Sacramento City Unified 50,485,288,277 48,201,917,466 2,283,370,811 5% San Joaquin Delta CC 5,605,651,980 5,318,930,822 286,721,158 5% San Juan Unified 48,581,033,721 46,668,483,288 1,912,550,433 4% Sierra Joint CC 5,396,509,359 5,075,804,347 320,705,012 6% Twin Rivers Unified 55,756,019,731 52,589,903,808 3,166,115,923 6% Over 49% of local property tax revenue goes to fund public schools.

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20 Year History of Local Assessment RollYear Assessed Value* Amount of Increase % Change2005-06 109,328,224,993 14,025,464,883 14.72%2006-07 125,674,965,255 16,346,740,262 14.95%2007-08 137,707,020,735 12,032,055,480 9.57%2008-09 140,630,362,269 2,923,341,534 2.12%2009-10 131,627,517,985 -9,002,844,284 -6.40%2010-11 128,769,550,688 -2,857,967,297 -2.17%2011-12 124,811,746,576 -3,957,804,112 -3.07%2012-13 121,495,031,861 -3,316,714,715 -2.66%2013-14 126,311,591,786 4,816,559,925 3.96%2014-15 134,497,818,408 8,186,226,622 6.48%2015-16 140,691,283,846 6,193,465,438 4.60%2016-17 148,052,405,413 7,361,121,567 5.23%2017-18 157,548,104,712 9,495,699,299 6.41%2018-19 168,181,179,703 10,633,074,991 6.75%2019-20 179,165,611,212 10,984,431,509 6.53%2020-21 189,847,799,296 10,682,188,084 5.96%2021-22 199,704,342,326 9,856,543,030 5.19%2022-23 215,673,182,712 15,968,840,386 8%2023-24 231,698,750,641 16,025,567,929 7.43%2024-25 243,701,475,530 12,002,724,889 5.18%*Gross Totals, Secured and UnsecuredProposition 13 (Prop 13), a property tax limitation initiative that amended Article XIII of the California Constitution, was passed by California voters in June of 1978� Prop 13 rolled back the assessed values of real property to the assessed values effective in 1975, establishing original base year values�Under Prop 13, the base year value of real property is reset when a change of ownership or new construction occurs� Generally, a change in ownership is a sale or transfer of property, while new construction is any improvement to property that is not considered normal maintenance� Proposition 13 also limited the property tax rate to 1% plus the rate necessary to fund local voter-approved bonded indebtedness; the initiative also required base year values to be increased each year based on the percentage change in the Consumer Price Index (CPI) or 2%, whichever is less�Proposition 139 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR

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2024 ANNUAL REPORT / 10In November 1978, California voters passed Proposition 8 (Prop 8), which amended Article XIII A to allow temporary reductions in assessed value in cases where real property suffers a decline in value� A decline in value assessment is applied when the market value of real property is determined to be less than its Prop 13 factored base year value as of the lien date, January 1� A decline in value assessment can result from fluctuations in the real estate market, deteriorating property conditions, or when property is damaged due to a storm or fire� A property’s base year value is the assessed value of real property effective in 1975 or when the property last changed ownership or underwent new construction� The base year value is adjusted annually by the percentage change in the consumer price index (CPI), or 2 percent, whichever is less� The market value of real property may decline from one lien date to the next lien date; however, the property will not benefit from a lower assessment unless its market value falls below the factored base year value�Once a property’s assessment has been reduced under Prop 8, the assessor reviews the assessment annually to determine if any adjustments are warranted� The assessed value of the property may increase or decrease depending on market evidence, and there are no limits to the annual percentage decrease or increase for Prop 8 assessments� However, once it has been determined that the value of the property is greater or equal to the factored base year value, the protections of Prop 13 are reinstated and the property’s assessed value is restored to its factored base year value�2023 202410K20KRESIDENTIAL & COMMERCIAL PROP 8 PARCELS30K40K50K60K70 K80K2014 2015 2016 2017 2018 2019 2020 2021 2022Total Number of Prop 8 AssessmentsPROPOSITION 8Decline in Market Value

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Requestsfor ReviewRequest for Review &Assessment AppealsProperty owners can request a review of their assessment directly with the Assessor’s Office� This is a free service and applications are available, including optional online filing, through the Assessor’s website� The annual request for review filing period is July 2 – December 31� Regardless of the timing, property owners who believe there is an error in their assessment should contact the Assessor’s Office as soon as possible to discuss their concerns� Most concerns are addressed through this informal review process�The Sacramento County Assessment Appeals Board is an independent agency established to resolve disputes between the County Assessor and property owners� The Board members are appointed by the Sacramento County Board of Supervisors� With proper evidence, the Board can lower, raise, or confirm a property’s assessed value; remove a penalty assessment imposed by the Assessor; and reverse a change in ownership or new construction assessment� This formal process requires filing an application with the Board and a $30 filing fee�Historical Assessment AppealsYear Appeals Filed Total Assessments % of Total2013-14 2,729 501,887 0.5%2014-15 2,183 503,717 0.4%2015-16 1,446 505,436 0.3%2016-17 1,274 506,076 0.3%2017-18 1,186 508,941 0.2%2018-19 1,353 504,653 0.3%2019-20 1,251 514,745 0.2%2020-21 1,287 517,407 0.2%2021-22 1,285 522,902 0.2%2022-23 1,127 529,271 0.2%2023-24 3,268 532,992 0.6%2020-215712021-223442022-234302023-2488511 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR

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Requestsfor Review2024 ANNUAL REPORT / 12Unlike real property, business and personal property is not subject to Article XIIIA (Prop 13)� Instead, under California Revenue and Taxation Code section 441, such property is appraised annually at current market value� Upon request by the Assessor, any person or business must file a Business Property Statement� Any business that owns business property with a cost of $100,000 or more must file an annual property statement that lists the costs of supplies, equipment, and fixtures at each business location� Businesses can file property statements electronically using the Standard Date Record (SDR) or eSDR Program for most California counties� Fixtures and Personal Property can be assessed on the Unsecured Roll or the Secured Roll, based on the ownership of the real property� Personal property includes boats and aircraft�Unsecured Assessments2020-21 Gross Value2021-22 Gross Value2022-23 Gross Value2023-24 Gross Value2024-25 Gross ValueAircraft 220,507,100 255,205,056 335,167,060 404,522,809 353,065,185Boats/Vessels 213,308,705 230,099,994 298,054,897 267,491,299 228,460,246Fixtures 2,774,617,467 2,722,710,070 3,101,749,418 3,210,345,555 3,231,464,457Personal Property 4,046,943,048 4,001,708,634 4,327,824,646 4,553,765,048 5,045,287,012Secured AssessmentsFixtures 1,047,488,326 1,010,658,754 952,962,733 1,344,163,647 1,201,036,022Personal Property 1,072,013,408 1,103,556,743 1,051,880,872 1,112,689,163 1,048,819,740Business and Personal Property Assessment AnalysisTop 20 Businesses As of June 30, 2024Ranking Business NameFixture & BPP Value1 Intel Corp 431,500,169 2 Tesla Inc. 328,332,5483 NTT Global Data Centers Americas, Inc. 234,584,5544 Southwest Airlines (Aircraft Only) 216,734,696 5 HP Hood LLC 182,784,406 6 Calif-American Water Company 158,075,585 7 AMPAC Fine Chemicals LLC 154,231,811 8 Amazon.com Services LLC 119,765,191 9 Siemens Mobility 107,692,276 10 FedEx Ground Package-Hub #958 102,963,971Ranking Business NameFixture & BPP Value11 Amazon.com Services LLC 100,567,64312 Blue Diamond Growers 83,837,26113 Proctor & Gamble 79,774,987 14 Apple Inc. 76,321,594 15 Verizon Data Services LLC 75,650,786 16 Wayne Thiebaud Foundation 72,823,374 17 Apple Inc. 66,352,26818 A Teichert & Son Inc. 62,886,438 19 Mitsubishi Chemical Carbon Fiber & Composites Inc. 60,267,875 20 SVO Building One, LLC 59,663,636 Business & Personal PropertyUNSECUREDBusiness and personal property not secured by a lien against real estateFIXTURESTangible personal property annexed to real propertyPERSONAL PROPERTYAny property except real estate, including airplanes, boats, and business property

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13 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSORADU CharacteristicsProgram ReleasedThe Sacramento County Assessor’s Office has developedenhancements to its building characteristics data to proactivelyidentify and describe accessory dwelling units (ADUs)�Assessors rely upon property characteristics to create andmaintain fair, equitable and accurate property tax assessmentsand valuations� External stakeholders such as the public,appraisers and the entire residential-related real estate industryalso rely upon the assessor’s characteristics data�California legislation has been promoting an expedited entitlement and permitting process and other accommodations for the construction of ADUs to address the state’s housing shortage and the lack of affordable housing since 2017� California Government Code Section 66313(a) defines an accessory dwelling unit (ADU) as “an attached or detached residential dwelling unit that �� shall include permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family or multifamily dwelling is or will be situated�”ADUs have gone by many names in the past, and not all meettoday’s definition of an ADU� Common names include cottage,granny flat, guest house, in-law unit, studio and the like� Based on this, the following challenge initially presented itself to our office in 2017: How do we uniquely identify accessory dwelling units (ADU) for property tax assessment purposes while also addressing the needs and expectations of external stakeholders? Historically, public property characteristics have been limited to a sum or total of the living area, bedrooms, baths and other attributes of all residential structures on a single parcel of land (i�e� Assessor Parcel Number or APN)�The detailed breakdown of each residential dwelling on a singleparcel, with an emphasis on ADUs, is the first to be released in California� Our solution, shown to the right, includes specific labels (i�e� Primary, Secondary or ADU) for each dwelling as well as data fields unique to ADUs such as attached or detached, and ingress/egress� Proactive collaboration with external stakeholders was a key component of our global and innovative approach� We also created a downloadable data field description document (PDF) on Parcel Viewer to help users better understand the data being displayed� Feedback from other Assessors, jurisdictions within our county, and real estate agents and appraisers have acknowledged our ground-breaking and proactive efforts associated with property characteristics data and ADUs� With the more detailed data on ADUs and other dwelling types we are now able to produce more accurate valuations and property tax assessments on residential properties� A presentation detailing our ADU Characteristics program to the Northern California Assessors Association (NCAA) conference in August 2024 was well received and generated several requests for us to share our program state-wide to a broader audience of assessor’s staff members for future implementation by others�Property Building InformationLand Use Code A1A1AAPrimaryGround Floor Area �� 1,182 sq ftUpper Floor Area �� 0 sq ftFinished Basement/LL Area �� 0 sq ftTotal Living Area �� 1,182 sq ftBedrooms �� 4Baths �� 1Year Built �� 1957Effective Year �� 1957Stories/Levels �� 1ADUGround Floor Area �� 930 sq ftUpper Floor Area �� 0 sq ftFinished Basement/LL Area �� 0 sq ftTotal Living Area �� 930 sq ftBedrooms �� 2Baths �� 2Year Built ��2022Effective Year �� 2022Stories/Levels �� 1Location �� DetachedLocation Detail ��Ingress/Egress �� Exterior OnlyTotal Residential Living Area �� 2,112 sq ftGarage Parking Area �� 0 sq ftCarport Parking Area �� 0 sq ftCovered Parking Spaces ��0Pool �� NSpa �� NDisclaimer ExplanationAdditional information regarding propertybuilding information can be obtained bycontacting the Assessor’s Office at 916-875-0700or assessor@saccounty�gov�

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2024 ANNUAL REPORT / 14New Housing TrendsTHE GREGORY GROUP New-Home Database - Sacramento County*2024 APARTMENT NEW CONSTRUCTION$1,407,612,200 in value added to the roll• 87 apartment new construction projects were valued in 2023-2024 • 10,268 total units*The Gregory Group (916) 983-35241ST QTR 2ND QTR 3RD QTR 4TH QTR 1ST QTR 2ND QTR 3RD QTR 4TH QTRTOTAL HOMES2022 2023Average Price$697,566 $734,765 $713,042 $690,040 $687,943 $690,152 $689,371 $686,119Average Size2,275 2,328 2,336 2,311 2,353 2,378 2,392 2,370Average Price/Sq Ft$314.12 $322.18 $310.78 $303.46 $296.85 $295.23 $294.61 $297.97Quarter Sales1,164 744 296 351 745 945 867 794Quarter WSR0.93 0.58 0.23 0.26 0.53 0.71 0.62 0.55YTD Sold1,164 1,908 2,204 2,557 745 1,690 2,557 3,351Total WSR1.00 .92 0.79 0.65 0.62 0.68 0.67 0.64Average Lot Size4,463 4,564 4,575 4,527 4,575 4,657 4,678 4,646Number of Projects96 98 99 105 109 103 107 112Total Inventory3,567 4,223 4,686 5,791 6,410 6,751 6,593 6,959Unsold Inventory260 403 581 645 592 541 661 697Weeks of Inventory3 4 7 9 9 8 9 10DETACHED HOMES2022 2023Average Price$706,767 $742,223 $719,714 $696,445 $694,692 $695,712 $692,863 $688,164Average Size2,316 2,360 2,364 2,335 2,377 2,399 2,407 2,380Average Price/Sq Ft$311.87 $320.70 $309.57 $302.99 $296.58 $294.88 $294.03 $295.38Quarter Sales1,099 691 280 357 697 917 858 775Quarter WSR0.96 0.58 0.23 0.27 0.52 0.71 0.63 0.54YTD Sold1,099 1,790 2,070 2,427 697 1,614 2,472 3,247Total WSR1.03 0.94 0.80 0.65 0.62 0.68 0.68 0.64Average Lot Size4,463 4,564 4,575 4,527 4,575 4,657 4,678 4,646Number of Projects88 91 93 100 104 99 104 110Total Inventory3,279 4,021 4,500 2,610 6,277 6,661 6,512 6,923Unsold Inventory243 375 562 614 564 526 639 679Weeks of Inventory3 4 8 9 9 8 9 10ATTACHED HOMES2022 2023Average Price$539,835 $578,569 $553,747 $502,936 $484,002 $504,325 $529,542 $536,485Average Size1,567 1,658 1,655 1,626 1,626 1,676 1,691 1,610Average Price/Sq Ft$352.73 $353.10 $339.56 $317.45 $304.94 $306.91 $321.28 $339.16Quarter Sales65 53 16 -4 48 28 9 19Quarter WSR0.63 0.58 0.21 -0.06 0.74 0.54 0.23 0.73YTD Sold65 118 134 130 48 76 85 104Total WSR0.69 0.64 0.67 0.69 0.69 0.62 0.55 0.56Average Density-- -- -- -- -- -- -- --Number of Projects8 7 6 5 5 4 3 2Total Inventory288 202 186 181 133 90 81 36Unsold Inventory17 28 19 31 28 15 22 18Weeks of Inventory3 6 5 9 8 6 13 16COMPLETED NEW CONSTRUCTION $572,282,000 in value added for 3,097 units22 projects completed in 2023-2024:• 1,096 units Market Rate • 1,703 units Low-Income Housing (Tax Credit)• 182 units Mixed Use• 116 units Low-Income (HomeKey)CONSTRUCTION IN PROGRESS $835,330,200 in value added for 7,171 units65 projects still under construction:• 4,250 units Market Rate• 92 units Low-Income Housing (Homekey)• 2,215 Low-Income Housing (Tax Credit)• 614 Mixed Use

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MULTI-GENERATIONAL TRANSFERSEffective February 16, 2021, certain transfers of ownership between parents/children and grandparents/grandchildren can qualify to be excluded from reassessment to current market value. • The property must be the principal residence of the relative transferring the property� • The property must become the principal residence of relative acquiring the property within one year of acquisition� • The relative acquiring the property must file for and qualify to receive a homeowners’ or disabled veterans’ exemption� • The benefit is limited to $1 million of market value and the excess value above the limit is added to the existing taxable value of the property� • The property is reassessed to market value when the property no longer is the principal residence of the qualifying relative acquiring the property� • Family farms are exempt from the residency requirement� • The $1 million market value limit applies to each individual parcel of a family farm� Prior to February 16, 2021, certain transfers of ownership between parents/children and grandparents/grandchildren can qualify to be excluded from reassessment to current market value� • The property must be the principal residence of the relative transferring the property� • The benefit amount is unlimited for a principal residence and includes up to $1 million of taxable value of additional real property� PROPOSITION 19 Savings for Property OwnersThe passage of Proposition 19 (Prop 19) resulted in significant changes to potential tax savings available to property owners. 15 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR

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2024 ANNUAL REPORT / 16BASE YEAR VALUE TRANSFERSUnder Prop 19 and effective April 1, 2021, homeowners who are 55 or older, or who are severely disabled, or who are victims of a Governor declared disaster and sustained at least 50% damage, wishing to transfer their property tax benefits from their primary residence to another primary residence in California have more options: • A homeowner can purchase/construct a higher value property� The assessed value of the original residence is transferred, and an upward adjustment is added for the difference� • If the original property is sold after the replacement property is purchased/constructed, there is no adjustment� • A transfer can occur between any two counties� • A transfer can be made up to 3 times per property owner, and for Governor declared disaster victims, there is no limit on the number of times the benefit can be used� • The sale of the original property and the purchases of the replacement property must occur within two years of each other and only one transaction must have occurred after April 1, 2021�Go to https://assessor.saccounty.gov for forms and additional information on Proposition 19.The Sacramento County Assessor’s Office has taken a proactive approach in implementing California Proposition 19 (Prop 19), addressing one of the most complex technological challenges faced by Assessor’s Offices statewide�In a collaborative effort, our systems developers designed a comprehensive workflow that guides the entire process—from ownership changes and claim initiation to tracking follow-up letters and multi-county certifications� This system supports informed outcomes, ensures the correct application of special valuation windows, and generates mandated annual reports�The implementation of the Prop 19 Module has improved efficiency, reduced application processing times, and enhanced our ability to serve the public� With the simple entry of an address or parcel number, staff can now provide up-to-date information to property owners about the status of a claim in seconds� Reduced processing times mean that taxpayers receive their tax savings benefits promptly, minimizing the need for corrections and refunds�Serving the property owners of Sacramento County is our highest honor� Our mission is to deliver equitable, timely, and accurate property tax assessments and information, with professionalism, integrity, and efficiency� The Prop 19 Module is another tool helping us achieve this mission� We are proud to announce that the National Association of Counties has recognized our efforts by awarding the Sacramento County Assessor’s Office a 2024 Achievement Award for this innovation� Sacramento County Assessor’s Award-Winning Proposition 19 Processing System

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2020-21 2021-22 2022-23 2023-24 2024-25REAL PROPERTY APPRAISALSSales and Transfers 33,282 32,041 37,360 30,808 25,541Assessable New Construction 7,413 6,934 8,306 7,618 7,127Prop 8 Assessments 31,681 20,820 12,906 11,717 11,983BUSINESS AND PERSONAL PROPERTYBoats 10,457 10,947 11,150 11,475 10,829Aircraft 519 499 472 480 467Business Accounts 20,356 22,628 23,084 21,781 22,456Audits 208 218 239 226 231MAPPING SERVICESAssessor’s Maps Maintained 9,797 9,815 9,916 9,985 10,045New Parcels Created 4,842 3,927 5,068 6,761 4,694DOCUMENTS RECEIVEDRecorded Documents Received 73,412 80,177 92,352 67,503 52,759Total Building Permits Received 63,377 57,721 62,996 64,058 56,124Mailing Address Changes10,850 7,977 7,990 7,860 13,058Prop 60 Base Year Transfers206 176 41 13 6Parent-Child Exclusions3,561 3,853 1,359 1,647 1,284Prop 19 Base Year Transfers0 30 598 766 634EXEMPTIONS PROCESSED Homeowners'24,812 27,975 24,391 18,540 16,349Institutional7,203 7,480 7,547 7,774 8,158Disabled Veterans' 3,495 3,625 3,746 4,010 4,415Yearly Comparison of Assessor’s Workload17 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSOR

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2024 ANNUAL REPORT / 18Exemption Type Quantity Total Value % of Total ValueHomeowners'* 208,461 1,458,939,742 12.13%Disabled Veterans' 4,134 673,695,110 5.60%Charities 1,595 5,455,275,662 45.37%Religious and Church 848 911,138,612 7.58%School, Library, Museum 218 759,637,613 6.32%Hospitals 106 2,650,597,006 22.04%Cemeteries 25 52,178,007 0.43%Colleges 27 61,913,990 0.51%Historical Aircraft 8 478,263 0.00%Totals 215,422 12,023,854,005 100.00%California’s Constitution provides that certain properties or portions thereof, are eligible for exemption from taxation� These exemptions provide tax relief for the portion of property taxes that are based on the assessed value of property; exemptions do not provide tax relief from direct levies or special taxes� A homeowner that occupies a property as their primary residence may be eligible for a Homeowners’ Exemption� The Homeowners’ Exemption deducts $7,000 of assessed value from the annual assessed value and can save a property owner over $70 in property taxes each year�Disabled veterans may be eligible for the Disabled Veterans’ Exemption under certain conditions; when blind in both eyes; with the loss of the use of two or more limbs; or when totally disabled as a result of injury or disease incurred while in active military service� Unmarried surviving spouses of certain deceased veterans may also qualify� For 2024, disabled veterans’ save over $2,037 with the basic exemption or over $3,056 with the low- income exemption ($76,235 income limit)�Homeowners’ and Disabled Veterans’ Exemptions are important qualifying factors necessary to receive Proposition 19 benefits and eligible homeowners are encouraged to apply for these exemptions timely to expedite qualification and processing of Proposition 19 benefits�Real and personal property used exclusively for a church, college, cemetery, museum, school, or library may qualify for an Institutional Exemption� Properties owned and used exclusively by a non-profit, religious, charitable, scientific, or hospital corporation are also eligible�These exemptions are not automatic� A claim form must be filed and approved by the Assessor’s Office�Qualifying Exemptions As of June 30, 2024*Reimbursed by the StateExemptions

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19 / COUNTY OF SACRAMENTO OFFICE OF THE ASSESSORLOBBY SERVICE• General Assessment Information• Assessed Values• Mailing Address Change• Requests for Assessor Review• Parcel Information and Maps• Building Information• Ownership Information• Exemptions Information• Property Transfer Information• FormsInformation Available Online athttps://assessor.saccounty.gov • General Assessment Information • Assessor Parcel Viewer• Assessed Values Lookup• Forms (eForms Portal)• Mailing Address Change• Property and Building Characteristics• Online Review (Prop 8)• Property Maps• Supplemental Calculator• Important Dates CalendarSolution-Oriented Customer ServiceCustomer Service Feedback“…Chairs enabling consumer to sit at eye level with Customer service rep is respectful and much appreciated … Stamped copy of the documents is an amazing service to reassure consumer.”“…was very helpful with a property legal description question…. was patient and knowledgeable and assisted until the problem was resolved. She did great!”“…she fell out of the sky, she must be an angel, very patient, great sense of humor…need more people like her on your end.”“…was very patient, compassionate and knowledgeable. Keep on hiring people who love what they do.”“…was absolutely amazing. She helped me a great deal.”“…this person deserves a raise, promotion and 2 weeks off for vacation. Her professionalism, knowledge, and courtesy are unmatched. The world would be a better place with more people like her. She is awesome!”“…we left extremely satisfied with the help and assistance.…a beautiful smile the entire time she assisted us.”“…I want to thank you from the bottom of my heart. You made this trip very comforting and pleasurable. I know state employees get a bad reputation, but you are extra ordinary employee…. going above and beyond in helping. Please keep up the good work!”“Every time I look at that refund, I am reminded of the pivotal role she played. Her dedication ensured that I wasn’t just another caller seeking general information but was given tailored advice that ultimately benefited me financially. I wholeheartedly recommend her for outstanding service and dedication to her role.”TELEPHONE: 42,984EMAILS: 10,423FRONT COUNTER: 5,888WEBSITE VISITS: 483,446

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2024 ANNUAL REPORT / 22Property Tax Assessment CalendarAnnual Lien Date. All taxable property is assessed annually for property tax purposes as of 12:01 a.m. on January 1�Deadline to file exemption claims – Veterans’, Homeowners’, Church, Religious, Welfare, Historical Aircraft, and other Institutional Exemptions.*Due date for filing statements for business personal property, aircraft and boats. Business property owners must file a statement each year detailing the cost of all supplies, machinery, equipment, leasehold improvements, fixtures and land owned at each location within Sacramento County.Last day California Law allows the TAX COLLECTOR to receive a second installment of secured property taxes without accruing a penalty. This tax is based on property values for the January lien date 15 months earlier.*Last day to file a business personal property statement without incurring a 10% penalty.Last day to close the local annual assessment rolls for current fiscal year. Assessment roll data released to Sacramento County Department of Finance.First day of new assessment roll year and new fiscal year. New assessed values posted to Assessor’s website. First day to file a Decline-in-Value Review with the Assessor’s Office. First day to file an Assessment Appeal Application with the Sacramento County Assessment Appeals Board. Last day California Law allows the TAX COLLECTOR to receive taxes on unsecured tax bills without accruing a penalty.*Last day to file an Assessment Appeal Application with the Sacramento County Assessment Appeals Board based on the assessed value shown on the tax bill* Last day California Law allows the TAX COLLECTOR to receive first installment of secured property tax bills without accruing a penalty.*Last day to file a Decline-in-Value Review with the Assessor’s Office.* If date falls on Saturday, Sunday or legal holiday, mail postmarked on the next business day shall be deemed on time.JAN 1FEB 15DEC 10JUN 30AUG 31MAY 7JUL 1DEC 31APR 1APR 10JUL 2NOV 30

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Real Property Assessment (916) 875-0700 • assessor@saccounty�govMobile/Manufactured Homes • ASR-MobileHomes@saccounty�govProperty Transfer Information (916) 875-0750 • assessor@saccounty�govMapping (916) 876-6745 • ASR-Mapping@saccounty�govBusiness Property Assessment (916) 875-0730 • PPDutyApr@saccounty�govLeasing and Leased Equipment (916) 875-0745 • ASR-Leasing@saccounty�govMarine, Boats and Aircraft (916) 875-0740 • ASR-Marine@saccounty�govHomeowners’ Exemptions (916) 875-0710 • ASR-HomeownersExemptions@saccounty�govInstitutional Exemptions (916) 875-0720 • ASR-InstitutionalExemptions@saccounty�govVeterans’ Exemptions (916) 875-0720 • ASR-DisabledVetExemptions@saccounty�govProposition 19 (916) 875-0750 • Prop19@saccounty�govInformation is also available online at https://assessor.saccounty.govSacramento County Assessor’s Office3636 American River Drive, Suite 200Sacramento, CA 95864-5952Parking is available at the main entrance of the building�Visit or Contact Us

Sac County Assessor Annual Repor

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