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Morongo Basin Property values comparison & analysis

See below for the most recent San Bernardino County Assessor's property value breakdowns, city by city.

http://new.vote29.com/blog/wp-content/uploads/2017/07/desert.png



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By Branson Hunter – July 1, 2017

Property values in TWENTYNINE PALMS (per County Assessor Bob Dutton) increased 1.3% from 2016. The increase is welcome. However, the big pictures that the city has the lowest property value increase in the county (see below).

That’s below Needles with an increase of 1.8%. Needles population is a sparse 4,969 (2014). Population in 29 Palms is about 25,902 (2014).

The County Assessor also reports that Yucca Valley has an increase of 4% in property values.

Joshua Tree property values purportedly increased by approximately 3.0%.

The Assessor published that the average increase in unincorporated parts of the county is up 6.1 percent from last year.

Why the heck is the increase for 29 Palms the lowest in the county?

It’s a bumpy road to argue that the housing and retail property assessments haven’t stagnated in comparison to the entire County of San Bernardino.

When the 29 city council sold out property owners by refusing to fund or help fund the Twentynine Palms Fire Department, that grossly negligent act resulted in a drastic cut in fire services — and a substantial increase in property fees and assessments (taxes).

The County Professional Firefighters Union very recently announced that “Public safety is at risk in the City of Twentynine Palms.” This has negligently impacted on property values while homeowners insurance is increasing (my has).

http://new.vote29.com/blog/firefighters-of-local-935-public-safety-is-at-risk-in-the-city-of-twentynine-palms/

http://new.vote29.com/blog/while-twentynine-palms-is-a-dangerous-city-the-council-wilfully-ignores-fundamental-safety-issues/

The city is the gateway to the headquarters of JTNP. Tourism to JTNP is now approaching $3M. Why hasn’t that this added in property value assessments for Twentynine Palms?

The city has poured massive sums of taxpayers’ funds into the beautification of National Park Drive to make it more attractive in terms of community art, sculptured pieces, and modernization.

The city has spent tens of thousands of dollars on consultants. And the city has outstanding parks that are unsurpassed by none.

Notwithstanding property assessment values in 29, there appears good news for the unincorporated area of Twentynine Palms in Desert Heights. Property values there may have increased substantially (see above).

As an example, I’ve had three (3) professional appraisals (no kidding) on my home and property within the last four month: Two VA appraisals and one FHA appraisal (I live in Desert Heights).

This month The latter part of June I had two appraisals of my home and property: A FHA appraisal and a Department of Veterans Affairs appraisals. Both of the latest appraisals are the highest in years. Based on the two appraisals, there is a verifiable exponential increase in my property value. Not so for the city of 29 Palms.


San Bernardino Property Assessment Value Percent Changes From Prior Year

Twentynine Palms
2017    $859,879,884    1.3%
2016    $848,480,388    0.9%
https://sbcountyarcblog.org/2017assessment/twentynine-palms/

Yucca Valley
2017    $1,593,263,512    4%
2016    $1,532,192,187    1.9%
https://sbcountyarcblog.org/2017assessment/yucca-valley/

Needles
2017    $311,206,059    1.8%
2016    $305,600,156    0.6%
https://sbcountyarcblog.org/2017assessment/needles/

Victorville
2017    $8,259,259,319    4.5%
2016    $7,906,588,792    4.6%
https://sbcountyarcblog.org/2017assessment/victorville

Barstow
2017    $1,286,061,810    7.8%
https://sbcountyarcblog.org/2017assessment/barstow/

Adelanto
2017    $1,941,513,249    6.4%
2016 $1,824,964,047     3.4%
https://sbcountyarcblog.org/2017assessment/adelanto/

Big BearLake
2017    $3,370,236,107    4.1%
2016    $3,237,868,677    3.2%
https://sbcountyarcblog.org/2017assessment/big-bear-lake/

Chino
2017    12,216,798,332    8.3%
2016    $11,278,697,488    5.7%
https://sbcountyarcblog.org/2017assessment/chino/

Chino Hills
2017 $   11,585,594,984    6.4%
2016    $10,884,915,903   4.9%
https://sbcountyarcblog.org/2017assessment/chino-hills/

Colton
2017    $3,285,034,620    7.3%
2016    $3,061,798,306    5.9%
https://sbcountyarcblog.org/2017assessment/colton/

Fontana
2017    $17,721,235,967    5.4%
2016    $16,819,151,218    5.2%
https://sbcountyarcblog.org/2017assessment/fontana/

Hespria
2017    $5,683,417,520    6.5%
2016    $5,335,849,900   4.7%
https://sbcountyarcblog.org/2017assessment/hesperia/

Yucaipa
2017    $4,302,239,342    5.4%
2016    $4,081,532,811    5.5%
https://sbcountyarcblog.org/2017assessment/yucaipa/

City of Adelanto
City of Apple Valley
City of Barstow
City of Big Bear Lake
City of Chino
City of Chino Hills
City of Colton
City of Fontana
City of Grand Terrace
City of Hesperia
City of Highland
City of Loma Linda
City of Montclair
City of Needles
City of Ontario
City of Rancho Cucamonga
City of Redlands
City of Rialto
City of San Bernardino
City of Upland
City of Victorville
City of Twentynine Palms
City of Yucaipa
City of Yucca Valley




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Default Comments (7)

7 Responses to Morongo Basin Property values comparison & analysis

  1. Branson Hunter
    Branson Hunter July 2, 2017 at 4:38 pm

    FWIW:

    When my home was appraised last week by a Palm Springs FHA appraiser, she informed there is a burgeoning housing bull market in the Morongo Basin – especially in J.T. She also informed she is appraising many foreclosed homes like not seen before. This is a result of hard times and because of the insatiable penchant of tax raisers, inflation, and the absurd rise in all goods.

    To their credit, Copper Mountain College directors haven’t placed a measure on the ballot to raise taxes for years– while the 29 council has put into motion and are responsible for three tax, assessment or fees — including an told $3M dollars property tax WITHOUT A VOTE! Maybe this is one reason why official property assessments in 29 are an embarrassment.

    A notary public from Y.V. notarized six documents for me in the last two weeks. The notary is also a local Y.V. realtor (or real estate sales person). She informs that escrow companies are jammed with property sale transfers.

    Reply
  2. larry briggs
    larry briggs July 2, 2017 at 7:15 pm

    Are you refinancing or selling?

    Reply
  3. Branson Hunter
    Branson Hunter July 2, 2017 at 8:30 pm

    I’m refinancing. What are your experiences regarding the housing situation of Morongo communities? Are you doing escrow transfers, or feeling any sort of housing bull market?

    Reply
  4. larry briggs
    larry briggs July 3, 2017 at 2:52 pm

    Once the Southland discovered JT they started to buy everything in sight there and converted them into Vacation Home Rentals. Then the market for VHR’s spread to Morongo Valley. YV, the Mesa, 29 and Wonder Valley. Inventory is scarce. Prices have jumped. Family homes in YV and 29 are going strong also and the inventory is getting smaller and the prices in that segment are rising. After about 5 years of a down market, it, looks good now. How long it lasts is another question.

    Reply
  5. Branson Hunter
    Branson Hunter July 3, 2017 at 4:18 pm

    Good information Larry. Do you recall back in 2007 when San Bernardino Property Assessment Value Percent Changes From Prior Year (2006) were an incredible 19.2% jump from 2006?

    Reply
  6. larry briggs
    larry briggs July 4, 2017 at 9:52 am

    That was when there was a huge building boom to take care of the increased housing needs of the Marines and Sailors at the Marine Base. Also that was just before the big crash of 2008 from which we are just now coming out of. (a preposition is a bad thing to end a sentence with,) The Street is now talking about another “crash”. Time goes in cycles.

    Reply
  7. branson hunter
    branson hunter July 19, 2017 at 8:35 pm

    your comment is encouraged, Larry?

    FWIW, the $600 appraisal on my home and property in Deserts Height was appraised at 19.3 percent higher that it was a year ago. Comparatively, according to the S.B. Assessor, property in the city of 29 was appraised at 1.3 percent higher than last year. The certified and licensed FHA appraiser said that it’s difficult to find homes to buy in the unincorporated areas because of baby boomers, weekend vacation homes buyers, home buyers in the counties of L.A., S.B., Riverside and Orange seeking to relocate, and Canadian snow birds that have the cash and ready to buy snow bird homes in unincorporated areas in the Morongo Basin.

    Not encouraging your comments on the following:

    I’m not going to gloat because that’s not my nature, but I will say the city council has frittered away nearly a decade of work on Project Phoenix — and now all that work is trashed because it ain’t going to work. My conclusions are that three council people have harmed the city and property values; Patrick A. Munoz has earned well over a million dollars (possible more like two million) on “PP” all for nothing. Munoz needs to get the boot posthaste.

    Reply

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