Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.95

-2.8%

3:59 PM EST

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To: Lizzie Tudor who wrote (176432)	1/7/2004 4:43:44 PM
From: Bill Martin	Read Replies (1) of 186894

Re: ...huge windfall in property value escalation and frozen tax rates... In my limited experience, corporate real estate taxes in SV are largely over stated. Every time some rearrangement gets done on the Intel factory floor for example, they need to get a building permit, and the property basis is adjusted upward by that full amount of the work on the permit. This is quite a scam for the local government since the real estate property isn't generally that much more valuable as a result of moving some machine. You rearrange the factory floor or cubicle areas 10 times over the years and you're looking at a huge artificial increase in valuation. There are people who specialize in going to argue with the county over corporate property valuations for a cut of the savings specifically because the tax basis gets pumped up so artificially high otherwise. Bill

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