Monday, September 01, 2008

Property Tax Assessor Takes Heat From City Officials Claiming To Be Blindsided By Lower Than Expected Tax Revenue

In California, Contra Costa (County) Times reports:
  • Contra Costa cities hardest hit by the foreclosure crisis say the county assessor has made their fiscal situations worse with wholesale downgrades of property values. Just doing my job, says Gus Kramer. The outspoken elected official tasked with adjusting homes' assessed values has been confronted by three East County leaders questioning what they see as overly aggressive slashing of property values.

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  • Kramer met with Antioch, Brentwood and Oakley city leaders in early July. They said that they were blindsided by lower than anticipated property tax revenue.

For more, see County assessor takes heat for downgrades.