Rancho Santa Fe Association Assessment rate stays the same for 2013-14

By Karen Billing

The Rancho Santa Fe Association board voted Oct. 3 to keep the same assessment rates for Covenant homeowners for 2013-14.

The assessment will remain at 14 cents per $100 of assessed valuation per the San Diego County Assessor’s roll. Of that 14 cents, 11.5 cents will be applied for general services and 2.5 cents will go toward the Community Enhancement Fund.

The total valuation for all Covenant properties per the July 2013 edition of the San Diego County Assessor’s roll is $3,979 billion. This represents a 1.66 percent increase over last year’s assessed valuation.