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Santa Clara County reports a record $4.7B in property value losses

Original post made on Oct 27, 2023

Santa Clara County may be about to experience one of its worst declines in property value in 15 years. Data from the assessor's office shows a significant number of properties declining in value from last year.

Read the full story here Web Link posted Thursday, October 26, 2023, 3:09 PM

Comments (1)

Posted by Ocam's Razor
a resident of Leland Manor/Garland Drive
on Oct 27, 2023 at 5:15 pm

Ocam's Razor is a registered user.

Interesting that the SCC politician point swiftly to the possible impact to education funding. What Covid funds did the Palo Alto schools receive and how was it spent? What Mr. Stone should understand is that anywhere but in Washington DC, Sacramento, American press, the US has been in a recession for two plus years fueled by the massive Washington spending. Our local politicians should have taken a conservative approach all along to when property tax revenues decline so they already had the fundamentals in place to take advantage of the situation.

I encourage all to study the SCC budget as there is much waste built in that could easily be cut and have additional funding for education. Unfortunately, I don’t have confidence in the SCC elected and budget officials to accomplish this.


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