Town Square

Post a New Topic

Google pushes city to first place in county tax growth

Original post made on Jul 6, 2012

Mountain View now leads the county in property tax growth, and it's almost entirely because of Google's rapid expansion here, says county assessor Larry Stone.


Read the full story here Web Link posted Friday, July 6, 2012, 11:33 AM

Comments (3)

Posted by James, a resident of Whisman Station
on Jul 6, 2012 at 4:16 pm


Our home's assessed value jumped 20% since last year. I expect this is also due to the Google effect, plus interest rates don't seem to be finding a bottom due to the Fed's QE?


Posted by Doug Pearson, a resident of Blossom Valley
on Jul 6, 2012 at 9:45 pm

I am heartened by the fact that Mountain View's assessed values are increasing more rapidly than Prop 13's infamous 2% rate, i.e., property is actually being bought and sold, but I am disappointed that so much of the increase is due to an ever-increasing Google impact. I don't like to see Mountain View becoming a company town, but better that than continuing decline.


Posted by Steven Nelson, a resident of Cuesta Park
on Jul 7, 2012 at 8:51 am

The Google impact will affect the schools in different ways than the City (i.e. Shoreline District). The Shoreline "infamous 0% rate" insures education (and County) General Funds will be guaranteed 0% of the assessment increase [the infamous "tax Increment" mechanisms of redevelopment districts]. HOWEVER, the education facilities bonds can be paid off with increased revenues from the increased BOND assessments [we live in such odd government times!]. The assessments affect both BOND and Prop 13 (1% limit) tax receipts - but only BOND revenue flows directly to education.
Any Google purchased 'unsecured' business property (or real property) that is bought OUTSIDE of Shoreline generates 100% of the full tax rates for education and the County General Fund. (i.e. it is not diverted or restricted and can be used for either salaries, class size reduction, maintenance - or - building.) IMO, it is to our community advantage if Google expands outside of Shoreline District. and ... I will still argue, as I have for 5 years now - it would be to our community advantage to eliminate the Shoreline redevelopment district - and replace it with a new 'assessment district'. Otherwise - education and the county will continue to subsidize traffic improvements and other things for that area.


If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Freshman Blues Don't Mean Wrong College
By John Raftrey and Lori McCormick | 2 comments | 1,313 views

Background and Ideas for the Comp Plan
By Steve Levy | 21 comments | 1,239 views

First Impression of Chennai Kings
By Anita Felicelli | 7 comments | 950 views

My Experience Using Tugg.com To Host A Movie At Shoreline
By Angela Hey | 0 comments | 581 views

To My Daughters' Future Teachers
By Ms. Jenson | 1 comment | 74 views