Submission
Commercial Property Tax Workshop with Assessor Larry Stone Thursday, January 21, 2021
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The Santa Clara
County Assessor's Office is preparing to respond to the impact Covid-19 has had
on commercial property (land and buildings) values. The Assessor's Office has
the authority to temporarily reduce property tax assessments in accordance with
Proposition 8 if the market value—as of January 1—falls below the 2020 assessed
value.



The
Assessor's Office is planning to proactively provide relief based upon market
evidence of value declines below Assessed values. Assessor Larry Stone will
discuss what the law allows and the data his office requires from commercial
property owners to efficiently process appraisals to enroll proactive
reductions for the 2021-22 tax bill and avoid costly appeals.



To
learn more about how to apply for temporary property tax relief, owners of
commercial property owners are encouraged to attend this special property tax
workshop.





To register for the workshop click HERE


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