Kelly Zito writes that:
The Santa Clara County assessor has slashed the values of about 1, 200 office and industrial buildings by about $8 billion, further underscoring Silicon Valley's protracted high-tech slump.Madison's property values have risen for years. Someday, there will be an adjustment, which will be painful for its tax base. Posted by James Zellmer at June 4, 2004 5:40 AM | Subscribe to this site via RSS:County officials boosted assessed values of about 9,500 homes and condos that had been cut last year, but more than 23,000 residential properties continued to receive reductions totaling about $1.7 billion, they said Thursday.
