How assessor slashes property values
Home Front: How assessor slashes property values
By Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/2014910.html
This week the Sacramento County Assessor’s Office – and more like it across the great foreclosure belts of California – chopped property values again on nearly everything built in the housing boom.
The value slashing in Sacramento County that started in 2007 with 50,000 properties and 90,000 last year, reached 170,000 in 2009. That’s nearly every lot carved from a pasture and turned into a new house sinc...
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