The Palo Alto Business Coalition, which is comprised of Silicon Valley Leadership Group (SVLG), Palo Alto Chamber and NAIOP Silicon Valley, continue to discuss the City of Palo Alto’s poll results and individual business interest in waging a campaign against the proposed tax increase.
The Palo Alto city council approves a significant Commercial Linkage Fee increase and is considering a square footage tax!
The pandemic and the slowdown in the economy has not slowed down cities from trying to increase taxes and in particular taxing property owners. The City of Palo Alto is revisiting tax increases.
President Joe Biden has unveiled two momentous plans that are part of his “Build Back Better” agenda. Costs to fund the American Jobs Plan and the American Families Plan could result in consequential tax changes and have a tremendous impact on CRE.
Santa Clara’s 15-year legal battle with the City of San Jose, that has held up development of up to 24,000 housing units in North San Jose, could end because of the newly elected councilmembers from both cities.
The Chapter partnered with the Santa Clara County Assessor’s Office to hold a virtual Property Tax Workshop on January 21st for owners of commercial property to discuss Prop 8 and potential adjustment to market values.