The numbers in this story - how newer, younger families pay a greater share of property taxes - are just a astounding.. and argue for serious #prop13 and #housing reform. sanjosespotlight.com/how-has…
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page 12 of the report at sccassessor.org/edocman/Annu… breaks it down by assessed value, which should be close to matching tax revenue, I think: 62% single family + condo 10% multifamily housing 28% commercial, industrial, other
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Above was all of Santa Clara county. For Palo Alto, from page 30 of the table, assessed value shares are: 1.6% agricultural & miscellaneous 4.8% industrial & manufacturing 0.0003% mobilehome 5.9% multifamily housing 15.8% office 5.2% retail 66.6% single family housing
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Replying to @cariforcouncil @adrianfine
I found the table on page 18 (changes in assessed value from changes of ownership) more astounding. The assessed value of single family homes in Palo Alto increased by over a billion dollars in the past year (from 644 parcels changing hands). Average increase $1.67m/parcel.

Dec 27, 2019 · 5:40 PM UTC
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