Thu11272014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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County assessor sees rise in local property taxes

Several thousand homeowners throughout Santa Clara County – including 1,100 in Los Altos and Los Altos Hills – should expect an increase in their property taxes, according to the Office of the County Assessor.

County Assessor Larry Stone reported that approximately 47,000 properties would see their assessed values fully restored this year following the real estate market downturn. Another 81,000 properties in the county, including nearly 750 in Los Altos, will experience a partial restoration of the assessed values, which Stone noted was a reflection of the surging residential property market.

“Unemployment has dropped to 7 percent, faster than the nation or the state. The NASDAQ is soaring. Apartment rents have reached record levels with single-family homes close behind. It was inevitable that property taxes would follow,” Stone said in a statement released June 6.

Stone said that while increases in property taxes are never welcome, this is “ good news” for the local economy – and homeowners.

“It means the value of most families’ single most valuable asset, their home, is once again regaining solid equity lost in the collapse of the residential housing market,” he said.

The news comes after 136,000 residential properties were assessed below their purchase price last year. Stone’s report noted that when the market value of a property declines below the previously established assessed value measured as of Jan. 1 each year (lien date), the assessor is required proactively to reduce the assessed value to reflect the lower market value. However, as the real estate market rebounds, the assessor must restore the assessed values.

Proposition 8, passed by California voters in 1978, mandates that property owners are entitled to the lower of the fair market value of their property (as of Jan. 1), or the base-year value as determined at the time of purchase or construction, and increased in accordance with Proposition 13 by no more than 2 percent annually.

“If a property assessment was reduced during the recession, the restoration of its assessed value is not limited to 2 percent, until the market value reaches a property’s purchase price plus the annual inflation increase of no more than 2 percent,” Stone said. “The market solely determines whether the assessed value of a property is reduced or restored.”

The assessor mailed more than 478,000 assessment notices June 28 to property owners in Santa Clara County. In addition to outlining assessed property value, the notice also details the process for requesting an informal review of the assessment. According to the report, the Assessor’s Office will complete as many informal reviews as possible prior to Aug. 1, the deadline for making changes reflected on the property-tax bill mailed in October. Additionally, the letter includes language outlining the process for filing a formal assessment appeal by the Sept. 16 deadline.

For more information, visit www.sccassessor.org.

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