Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Santa Clara County Seniors Property Tax Break Saved
Santa Clara County Seniors Property Tax Break Saved
by Michelle Carr-Crowe, Top 5% San Jose Real Estate Agent, Senior Real Estate Specialist
Thanks to input from real estate professionals and senior citizens in San Jose, Cupertino and Los Altos, the Santa Clara County Board of Supervisors is retaining Proposition 90, one of the most critical property tax breaks for Santa Clara County senior homeowners.
On Tues., June 14th at 1:30, the Santa Clara County Board of Supervisors voted to keep the inter-county benefit intact and rejected the County Executive and Assessor recommendation to discontinue Proposition 90 for the upcoming fiscal year.
As part of the Santa Clara County Proposed Budget for 2012, the County Executive and Assessor recommended the Board of Supervisors repeal the local ordinances implementing Proposition 90 effective January 1, 2012. The County is currently facing a $220 million budget shortfall of a $4 billion budget. According to the County its repeal will not create a slight increase in revenue until 2013, which we estimate to be $150,000.For over 20 years Prop. 90 has allowed for hundreds of senior and disabled homeowners in San Jose, Saratoga and Cupertino to move closer to family, medical services and jobs. Otherwise they ... more

__________________________________________________
Are you on The Rain? Grow Your Network!