Town Square

Record number of property value reductions in county

Original post made on May 20, 2010

The Santa Clara County Assessor's Office today announced $21.4 billion in property value reductions on approximately 118,000 properties in the county.

Read the full story here Web Link posted Thursday, May 20, 2010, 12:19 PM


Posted by Garibaldi, a resident of Castro City
on May 20, 2010 at 2:18 pm

I smell revolution or even civil war breaking out.

Posted by commonman, a resident of Whisman Station
on May 20, 2010 at 3:09 pm

"Record number of property value reductions in county ", except Mountain View,Palo Alo,Los Altos. I am noticing prices are edging up faster and steeper in Mountain View,PA and LA in the last 2 months. SKyrocketing stockprices n high tech stocks are once again the culprits behind this wave of greed and overbidding.

Posted by mt view homeowner, a resident of Rex Manor
on May 20, 2010 at 3:12 pm

thank god values are holding steady. i bought a house in 04 because i did not see that the situation was going to get any better in terms of affordable housing. Ive held on to my house in spite of going through two layoffs and mounting personal debt.

The news that this mt view is holding steady will mean that i too wont be jumping in front of a high speed train!