Plunging commercial real estate values in Contra Costa County, including office buildings, have impacted property values. Despite a rise, values increased at the slowest pace in three years. The total assessed value for properties in the county reached $278.84 billion for the 2024-2025 assessment roll, up 4.2% from the prior year. Weakness is evident in sectors like commercial real estate, with examples of significant value declines in property transactions. This trend could affect property tax revenues and impact services provided by cities and the county.
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