$21.4 billion in assessed value reductions
Assessor urges schools, cities, county to prepare to lose an estimated $70 million in anticipated property tax revenue
Assessor unveils new on-line tool for prospective and new home owners
Reductions for 3,300 property owners will not be as low as originally noticed
At 4:45 today the Santa Clara County Board of Supervisors will hold a rare special session to consider Assessor Larry Stone’s urgent request that the Board waive the $30 filing fee currently required when disputing assessed values for qualifying applicants on a one-time basis only. Thursday morning, Assessor Stone concluded that his staff would not be able to complete the review of all requests for assessment reductions.