Property tax revenue decline - it is now official
Original post made by Peter Carpenter, Atherton: Lindenwood, on Jul 13, 2010
"In my tenure as Assessor, San Mateo County has never experienced a year to year decline in assessed value before," said Slocum, "and to my knowledge the last roll decline occurred in 1976 before the enactment of Proposition 13 in 1978."
Atherton -0.1% vs a budgeted +1.3% increase
Menlo Park +1.2% vs a budgeted +4.0% increase
Somebody better get their pencils sharpened.