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halfmoonbayreview.com

 

June 9, 2006

 

Staff Reports

 

 

County property valuations to begin arriving Saturday

 

 

SAN MATEO - San Mateo County property owners will begin to receive letters from the county assessor's office Saturday notifying them of the assessed value of their property.

 

Most taxpayers can assume the state-mandated 2 percent increase in their assessed valuation.

 

"Although the residential real estate market has cooled in recent months due to climbing interest rates, the impact won't be felt until next year," said county Assessor Warren Slocum in a written release. "The 2005 residential real estate market was very strong and largely responsible for the estimated 8 percent increase in the 2006-07 assessment roll in San Mateo County.

 

"This translates into an increase of more than $9 billion and will generate approximately $90 million in increased property tax revenues for schools, the county, cities and special districts," he said.

 

In 2006, there were 218,379 real property parcels assessed by the Slocum's office. The number of parcels changes slightly every year due to split parcels and new developments. This year there were 242 new parcels added to the roll.

 

"By advising property owners of their valuation in June, an owner will have the opportunity to review the information before they receive their property tax bill in fall," he said.

 

The assessor's office is setting up a temporary telephone bank for property owners with questions about the value of their property.

 

The assessor's telephone bank number will be (650) 572-2854 and will operate from 8 a.m. to 5 p.m. beginning Monday, June 12. Around-the-clock information will also be available on the Assessor's Web site at http://www.smcare.org/