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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.
Read the full story here Web Link posted Tuesday, March 25, 2008, 1:31 PM