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Ellison wins 60% tax cut on Woodside estate
Original post made
on Mar 29, 2008
Woodside billionaire Larry Ellison will get an estimated $3.06 million refund from property taxes he's paid since 2004 on his 23-acre Mountain Home Road estate, while local schools and the town of Woodside will see their share of annual tax revenue drop as a result of a recent 60 percent reduction in the assessed value of the lavishly developed property.
Estate has 'limited market appeal,' panel decides.
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posted Tuesday, March 25, 2008, 1:31 PM