Earlier today the Santa Clara County Assessor’s Office mailed more than 460,000 assessment notification cards, providing property owners the opportunity to review their property’s taxable value before the 2009-10 property tax bill is generated, and mailed in September. The Assessor has proactively reduced the assessed value of just over 90,000 residential properties, a temporary reduction resulting in lower 2009-2010 property taxes. The average reduction for each residential property is $170,000 and the total assessed value reduction is expected to exceed $17 billion.
Earlier today the Board of Supervisors approved increases to the fees charged by the Assessor for a wide range of products and services. The new fee schedule which has not been updated since 2004, will be effective July 1, 2009. “We have increased our fees in some instances to cover the increased cost of doing business during the past five years,” said Santa Clara County Assessor Larry Stone. On average, the fees increased between 3% to 4% per year.
Assessor urges qualified taxpayers to apply.
Assessor notifies schools and cities of preliminary assessment information.
Property Tax Relief Anticipated; Taxpayers urged to wait until review completed