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Inland Empire Property Values Are Soaring
Inland Empire property values are increasing. They have shot up 5.4 percent year over year, according to the California State Board of Equalization (BOE).
The values of properties in Riverside, San Bernardino and Imperial counties were reportedly at $449.6 billion this fiscal year. BOE said that the values are 1.8-percent above what they were during the pre-recession years of 2008 and 2009.
The county assesses residential and commercial properties, while the state assesses public utilities, railroads and other infrastructure. BOE Chairman Jerome Horton said that the increases would strengthen the region’s employment opportunities.
- ◦Economy
