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https://n2v.almanacnews.com/square/print/2010/06/29/sun-micro-reassessment-not-yet-resolved

Town Square

Sun Micro reassessment not yet resolved

Original post made on Jun 29, 2010

The question is still open as to whether the San Mateo County Assessor's Office will reassess the four-parcel campus of Sun Microsystems at Willow Road and Bayfront Expressway in Menlo Park.

Read the full story here Web Link posted Tuesday, June 29, 2010, 11:43 AM

Comments

Posted by Arnie
a resident of Menlo Park: Menlo Oaks
on Jun 29, 2010 at 3:12 pm

What's being talked about here is whether or not Oracle's acquisition of the Sun property triggers a reassessment under Prop. 13 provisions. When a property is sold or acquired, the selling price becomes the new assessed value according to Prop. 13, often raising the property tax. Companies usually find ways to get around this through loopholes (the Howard Jarvis organization doesn't talk much about this). However, when regular citizens buy a used home, and then have to pay much higher property taxes than the former occupants -- well, they don't have any such loopholes that I know of!

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