Faced with more students and less state funding, the San Mateo Community College District is hoping voters approve Measure H in November to allow the district to issue $564 million in bonds over the next seven years.
The measure would cost San Mateo County property owners an estimated $12.92 per $100,000 in assessed property value each year, which on average comes out to $6.50 a month. The levy would continue for 25 years and pay for modernization, construction and technology.
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Homeowners aren’t the only ones looking for a break on their property taxes — San Mateo County officials are expecting commercial property owners to jump on the bandwagon in increasing numbers this year.
The county Assessor’s Office expects to review more than 1,000 commercial properties in the next few months for drops in their assessed values, up from 681 reviews last year, as they prepare the tax rolls for the fiscal year that begins July 1.
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And more good news from The City's Assessor-Recorder Phil Ting. He announced today that despite the overall declining roll in counties across the state, San Francisco's property roll value increased by 4 percent. He will discuss the details at City Hall Wednesday at noon.
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URL: http://www.sfexaminer.com/taxonomy/term/8388
