Before 1912, the state received up to 70 percent of its revenue from property taxes. However, the state no longer relies on property taxes as its primary source of funds. Today, California’s counties, cities, schools, and special districts depend on property taxes as a primary source of revenue to fund essential local public services. The duties of the Assessor are to discover all assessable property in the County, to inventory and list these taxable properties, to value each property as of January 1st of that calendar year, and to include the property on the local assessment roll. The Assessor’s primary responsibility is to annually determine the fair and accurate value for each property so the owner may be assured they are paying the correct amount in property taxes. 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, bill property owners, or receive property tax payments. * *Source: State of California Board of Equalization THE ASSESSOR’S ROLE How the Property Tax System Works Revenue is used to fund schools, hospitals, roads, emergency services and other vital public services. 6