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Placer County is a county located in the Sierra Nevada of the U.S. state of California, in what is known as the Morgage Terms Gold Country. It stretches from the suburbs of Sacramento to Lake Tahoe and the Nevada border. Because of the expansion of the Real Estate Home Values Sacramento metropolitan area, Placer County is one of the fastest growing counties in the state. programs. As of 2000, the population was 248,399. In 2004, the population had grown to 307,004. The Mortgage Refinance county seat is Auburn. Placer County was created from parts of Sutter and Yuba Counties in 1851. "Placer" is probably a contraction of the words plaza de oro (the place of gold) and in Spanish means "a place near a river where gold is found." The county derived its name from the numerous places where the method of extracting gold from the earth, called placer mining, was practiced. Placer County was created from parts of Sutter and Yuba Counties in 1851. "Placer" is probably a contraction of the words plaza de oro (the place of gold) and in Spanish means "a place near a river where gold is found." The county derived its name from the numerous places where the method of extracting gold from the earth, called placer mining, was practiced.