http://almanacnews.com/square/print/2009/02/24/san-mateo-county-to-look-at-40000-homes-for-possible-reassessment-of-the-property-value


Town Square

San Mateo County to look at 40,000 homes for possible reassessment of the property value

Original post made on Feb 24, 2009

With real estate prices taking a tumble along with the economy as a whole, San Mateo County has started to reassess the value of many residential properties in the county.

Read the full story here Web Link posted Tuesday, February 24, 2009, 2:56 PM

Comments

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Posted by reassessment
a resident of Menlo Park: Downtown
on Feb 24, 2009 at 3:12 pm

Thanks Sean, but don't you mean the "2009-10" tax roll, since 2nd installment payment for current FY 2008-09 are due next week, delinquent after April 10th? I don't suspect the county will refund 2008-09 taxes when the revaluation requests are in process now for the next fiscal year 2009-10.


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Posted by Sean Howell
Almanac staff writer
on Feb 24, 2009 at 3:59 pm

Sean Howell is a registered user.

Reassessment:

Thanks for your comment. That seemed strange to me, too -- I double-checked it with the assessor's office when I was writing the story, and they confirmed it. I'm not a homeowner, and it's certainly possible there's something I'm missing here, but they told me their deadline for turning in the FY 2008-09 tax roll is June 30, 2009.

Sean


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Posted by MP
a resident of Menlo Park: Downtown
on Mar 4, 2009 at 2:44 pm

Do assessments take into consideration that there are very few comps available in the past couple months, and a large overpriced inventory that no one is willing or able to buy? This tells me the recent comps are not reflective of the value the majority of people would agree to.