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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (21923)	7/5/2004 1:15:46 PM
From: Lizzie Tudor	Respond to of 306849

Silicon Valley braces for steep revenue declines The Santa Clara County Assessor's Office said the assessed prices of industrial and commercial property in San Jose -- the nation's 11th largest city and epicenter of the global technology industry -- fell below prices that owners paid for them. When that happens, a state law goes into effect that allows owners to pay taxes on the lower value. Assessed property values in San Jose redevelopment areas declined by an estimated 11.5 percent in 2004, after a 10 percent decline in 2003. The numbers are based on a snapshot the county assessor takes each spring. sfgate.com