14,400 could see drop in property tax in SLO County
Sunday March 30th, 2008 - 1:51:38 am
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Sunday, Mar 30, 2008
Posted on Sun, Mar. 30, 2008
14,400 could see drop in property tax
Sally Connell
County officials are reviewing whether to lower property tax assessments on more than 14,000 single-family homes amid the real estate downturn plaguing homeowners and municipalities locally and nationwide.

County Assessor Tom Bordonaro’s preliminary estimate is that market values have dropped to levels last seen in January 2005, after peaking around December 2006.

For that reason, his office is tentatively planning to review 14,443 residential properties that have sold since the beginning of 2005 to see whether their assessments are higher than they should be. That total represents 16 percent of the 89,000 single-family properties in the county.

Such properties are mostly

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