Wed04012015

News

Council eyes bond for Hillview center

Council eyes bond for Hillview center


Rendering courtesy of city of Los Altos
The Los Altos City Council accepted an $87.5 million cost model for its preferred layout for replacing Hillview Community Center. Red lines indicate vehicle access points, and yellow lines represent pedestri...

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Schools

Oak students showcase creativity in Destination Imagination competitions

Oak students showcase creativity in Destination Imagination competitions


Courtesy of Jane Lee Choe
The Sharp Cheddars, a team of Oak Avenue School sixth-graders, perform at the Destination Imagination state competition Saturday in Riverside.

A team of seven Oak Avenue School sixth-graders traveled to Riverside last week...

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Community

Heising-Simons Foundation relocates to 400 Main St. property in Los Altos

Heising-Simons Foundation relocates to 400 Main St. property in Los Altos


Bruce Barton/Town Crier
All in the family: Mark Heising, from left, Caitlin Heising and Elizabeth Simons make up the board of the eight-year-old Heising-Simons Foundation, now in its new headquarters at 400 Main St. in downtown Los Altos.

The He...

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Comment

What would Bob do?: Editorial

The recent passing of an extraordinary Los Altos resident, Bob Grimm, has generated a range of heartfelt reaction, from sympathy to fond memories, from all corners. That’s because Bob did not discriminate in his desire to help others with his money, ...

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Special Sections

Cars that are right on track

Cars that are right on track


Courtesy of BMW
The BMW M4 is packed with power, featuring 425 horsepower and 406 pound-feet of torque.

There’s nothing more fun than driving a responsive automobile that feels alive in the curves and eager to go when given more than a touch ...

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Business

First Street's 'Fort Knox' up for sale

First Street's 'Fort Knox' up for sale


Megan V. Winslow/Town Crier
The Los Altos Vault and Safe Deposit Co. is on the market for $4.5 million. Its fortified steel and concrete structure has been compared to the U.S. Federal Reserve’s gold depository.

A downtown Los Altos structure “b...

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Books

'Pope Joan' Book weaves tale around legend of female pontiff

'Pope Joan' Book weaves tale around legend of female pontiff


The idea that there may have a female pope at one time in history has generated much speculation throughout the centuries. “Pope Joan” (Crown, 1996) by Donna Woolfolk Cross, does not answer the question; rather, the author has created a detai...

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People

JOHN BATISTICH

JOHN BATISTICH

John Batistich of Los Altos Hills died peacefully on March 12 surrounded by his family. John is survived by his wife Claire Batistich (Vidovich) of 67 years and children Gary Batistich of Lodi and Gay Batistich Abuel-Saud of Menlo Park. He is also ...

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Travel

Eat, hike, soak: Cavallo Point Lodge offers Marin experience

Eat, hike, soak: Cavallo Point Lodge offers Marin experience


Eren Göknar/ Town Crier
Cavallo Point Lodge comprises former U.S. Army buildings, like the Mission Blue Chapel, repurposed for guests seeking a luxurious getaway.

It used to be a place where batteries of soldiers lived, with officers’ quarter...

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Stepping Out

'Fire' ignites in Mtn. View

'Fire' ignites in Mtn. View


Courtesy of Kevin Berne
The cast of “Fire on the Mountain,” includes, from left, Tony Marcus, Harvy Blanks, Molly Andrews and Robert Parsons.

TheatreWorks is slated to present the regional premiere of the musical “Fire on the Mountain” this wee...

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Spiritual Life

Spiritual Life Briefs

Oshman JCC hosts Judaism and Science Symposium

The Oshman Family Jewish Community Center has scheduled its inaugural Judaism and Science Symposium, “An Exploration of the Convergence of Jewish & Scientific Thought,” 5 p.m. April 12 at the JCC’s ...

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Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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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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