January 31, 2010

How are Property Taxes in California Distributed?

Demystifying the California Property Tax Apportionment System

Ever wonder how Property Taxes in California are distributed? Well, this 81 page document will help you understand!

Here’s the intro:

The California property tax system is often perceived as a mysterious process
understandable by only the technicians who work its applications. It is deemed by all to
be complex with its complexity increasing with each related statutory change. There is
no single feature of the apportionment system that is difficult to comprehend. In fact,
each individual procedure would appear to be rather simple. The complexities lie with
the multifarious procedures and formulas and how each procedure and formula
interrelates and affects the final outcome.
In light of this, the most useful tool to enable the reader to understand the AB 8 process is
a simple model demonstrating its important features and formulas. The model in this
report provides that needed step-by-step approach. The foundation of the model was
developed by Woody McWaters of Ventura County. California counties will have
variations from the processes demonstrated by the model (as the saying goes, “there are
58 counties and 59 ways of doing things”), however, the essence will be the same.

This report also includes discussions on legislative history and the effect each change has
made to the apportionment process. It does not include a history of events that led to the
passage of Proposition 13. The best source to learn about the chain of events leading to
the tax revolt is David Doerr’s “California Tax Machine: A History of Taxing and
Spending in the Golden State”, published by the California Taxpayers’ Association.
Also, for a more detailed description and discussion on the intricacies of the property tax
apportionment system, the reader should refer to the “California Property Tax Managers’
Reference Manual” and various other uniform guidelines published by the State
Association of County Auditors.

It’s a fun read. If you understand it, please help others understand it by posting your summary in the comments!

Comments (1) -- Posted by: burbed @ 5:49 am






January 30, 2010

Over Time: Palo Alto, 1947-1980

Over Time: Palo Alto, 1947-1980 (General History: California) (Paperback)
~ Ben Hatfield
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Adrian Hatfield was one of many happy veterans returning to Palo Alto after World War II, but this flying ace and Stanford student (class of 1938) would spend the next 33 years photographing every inch of Palo Alto and vicinity. Presented here for the first time in published form is the aerial photography of Adrian Hatfield, founder of Hatfield Aerial Survey in 1947. The astounding visual archives that he created during his long career documents the evolution of a small town surrounded by dairies, farms, and apricot orchards to a tech-industry giant that finds its roots firmly attached to Stanford University. Working closely with developers such as Joseph Eichler, Hatfield witnessed, recorded, and helped build the community that is Palo Alto today

It’s time to spend some time reflecting on the most important city in America: Palo Alto. It may be too late for Christmas, but it’s never too late to buy multiple copies of this book to share with your friends and family who don’t have the privilege of living in the Bay Area to help them understand how this important city came to being.

More importantly, perhaps this will inspire those people to move here, further driving up housing prices.

I for one cannot wait for the 2000-2020 version of this book. It’ll be a sure winner!

Just like how Palo Alto made Silicon Valley great, you can help make sure this site continues to be great! Click this link to learn more about donating to this site’s hosting costs!

Comments (2) -- Posted by: burbed @ 5:00 am

January 29, 2010

Affordable housing in the Bay Area found – it’s in Redwood City

Beds: 3
Baths: 2
Sq. Ft.: 790
$/Sq. Ft.: $334
Lot Size: 2,500 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1996
Community: Dumbarton
County: San Mateo
MLS#: 80940426
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 130 days
This 3 bedroom, 2 bath bank owned home is perfect for a family! Great price, don’t wait!

Housing in the Bay Area is now affordable. Where can you find it? Redwood City!

Just look at this beauty – it’s perfect for a family.

But wait, does this house seem familiar to you? It should!

http://www.burbed.com/2006/06/19/599500-for-a-790-sqft-house-in-redwood-city-free-cowboy/

image

You could look at this and say “OMG! Look at how prices have fallen in Redwood City.” I look at it and say “OMG! Look at the trapped equity waiting to be unlocked!”

So… what will the price of this house be in 2016?

Comments (100) -- Posted by: burbed @ 5:00 am

January 28, 2010

House with amazing, magical, stop sign in Santa Clara

3784 PRUNERIDGE Ave Santa Clara, CA 95051
$750,000
3784

Beds: 3
Baths: 2
Sq. Ft.: 1,147
$/Sq. Ft.: $654
Lot Size: 7,700 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
Year Built: 1956
Community: Santa Clara
County: Santa Clara
MLS#: 80936747
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 152 days
BEAUTIFULLY UPGRADED WITH HARDWOOD FLOORS AND CROWN MOLDINGS. VERY NICELY MAINTAINED FOR QUICK MOVE-IN. CUPERTINO SCHOOLS SANTA CLARA UTILITIES WELCOME TO "WESTWOOD OAKS" 3 PARKS-WALKING DISTANCE. LARGER LOT-RV/BOAT ACCESS- DON’T LET STREET STOP YOU!STOP SIGN PROVIDES MINIMUM TRAFFIC NOISE.

So you’ll be living on a 4 lane street, and around the corner from a 2 lane street. Isn’t that a good thing? I mean, heck, that’s more bandwidth! It’s like having DSL vs Dial Up. More is better!

And then there’s the amazing stop sign. This stop sign has this amazing ability to absorb sound from a quarter mile radius. It’s like a black hole. Screetchy brakes? Forget about it – this sign will eat it up. Rear end collisions? Sucked into the sign. The sound of your child getting hit as someone blows past the sign? Easily ignored.

But let’s face it, the real reason this house is so valuable is because… nope… not Cupertino Schools…. Santa Clara utilities! With Santa Clara utilities, you get… uh…. Santa Clara goodness.

Welcome to Westwood Oaks.

Comments (20) -- Posted by: burbed @ 5:42 am

“palo alto” apartment rent trends

It’s search engine Thursday.

Recently someone found this site by searching for: “"palo alto" apartment rent trends”

This is easy. Up. Rents always go up.

I guess the tricky question is: by how much? 10% 20% 30%?

With the recession over, and IPOs going to start blossoming this year, I’d say probably at least 10%. More importantly, house prices are going to start to soar this year, and that will drive up rental prices in that… uh… supply and demand.

So, your best bet is probably to buy 2 houses now, and rent one out!

Comments (1) -- Posted by: burbed @ 5:00 am

January 27, 2010

Great quaint cottage in Los Gatos for just $595,000

Beds: 2
Baths: 1
Sq. Ft.: 847
$/Sq. Ft.: $702
Lot Size: 2,800 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
Year Built: 1910
Community: Los Gatos/Monte Sereno
County: Santa Clara
MLS#: 80946584
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 91 days
CHARMING QUAINT COTTAGE IN THE MOST DESIRABLE AREA IN LOS GATOS "GLEN RIDGE", LOS GATOS SCHOOLS, WALK TO DOWNTOWN LG. NICELY UPDATED HOME WITH: VIKING STAINLESS STEEL RANGE/OVEN/HOOD, STAINLESS STEEL FRIDG & DISHWASHER. NEW DOUBLE PANED WINDOWS THROUGHOUT. FULLY LANDSCAPPED FRONT & BACK. 120 SQ. FT. ARTIST STUDIO/OFFICE INCL IN SQ. FT. TOTAL PRIVACY. ..

It’s like living in a storybook… a fairy tale… but in Los Gatos!

You kids would love this house. Sure it might be 847 square feet, but they’ll love the gingerbread house feel to it. And when it’s time to get away from the kids, you can go over to the 120 sqft artist studio. Oh… wait… that was included in the original square feet.

So… uh… yeah… this 727 sqft house will be rather cozy. But just think of the fact that you can spend all your time with your kids, instead of spending it cleaning a big McMansion. And, it’s even got double paned windows! Woohoo!

Finally, you’ll be able to reduce your carbon footprint. With just 2800 sqft, this lot will require virtually no maintenance.

Yep, this house is definitely perfect for a family focused family.

Comments (29) -- Posted by: burbed @ 5:57 am

January 26, 2010

Great tear down property in Los Altos for just $995,00

101 LYELL St Los Altos, CA 94022

$995,000

101a

Beds: 2
Baths: 1
Sq. Ft.: 931
$/Sq. Ft.: $1,069
Lot Size: 7,500 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1925
Community: North Los Altos
County: Santa Clara
MLS#: 80950527
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 67 days
Great tear down property 1 block from Town! Owner has two sets of approved plans – one plan with basement and one without! Two units on property currently rented combined $2575.00! Sellers bought 1 year ago and partership has since dissolved and it’s time to sell. Please drive by only – make offers subject to inspection. You can be building in 30-60 days!
I knew you were looking for a tear down in Los Altos, and here it is! Look, the owner even has two sets of approved plans – do they come with the house? who knows? who cares?
 
More importantly, there’s currently two units – so the price per square foot is actually bogus. And, there’s cash flow so after you buy this, you can take your time in coming up with the perfect plans for your very own trophy house in Los Altos. Should it have marble columns? Should it not? Meanwhile, $2575 is coming in per month. Heck, now that the recession is over, you can increase the rent by 50%
 
Woot! $3,862.50 per month! What a deal!
Comments (9) -- Posted by: burbed @ 5:49 am

January 25, 2010

Own a piece of El Camino real

$550,000

1473

Beds: 2
Baths: 1
Sq. Ft.: 748
$/Sq. Ft.: $735
Lot Size: 5,250 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1910
Community: Santa Clara
County: Santa Clara
MLS#: 80954952
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 35 days
zoned for commercial. corner of EL CAMINO and JACKSON. . bring offer. .owner realtor. doing a 1031 xchange. .OWN A PIECE ALONG SIDE OF EL CAMINO, LOT NEXT DOOR MAY ALSO BE FOR SALE. .. OWN A TOTAL BLOCK. ..

Great news! Finally your chance to own a piece of the King of Roads is now available. And, you might be able to own the lot next door – enabling you to own the whole block.

Wow! This can be your start to Real Estate Royalty!

And even better, the current owner is a realtor, so you know that this transaction will be handled professionally!

Just think, you can either live in it, or turn it into a commercial entity. Hm… what kind of business would you put here? And, would you keep the billboard? Or would you take it down?

Comments (25) -- Posted by: burbed @ 5:38 am

January 24, 2010

Californians demonstrate ability to manage money by using strategic defaults

American Dream 2: Default, Then Rent
strat

Congrats to California for demonstrating our savvy financial abilities. Now we’re not only the leaders in producing innovative products, but we’re also one of the best in using strategy to manage our finances.

More importantly, we beat NY. You’d figure all those finance/banking losers would be better at this, but clearly they can’t think out of the box like we can. Go California!

Comments (6) -- Posted by: burbed @ 5:08 am

January 23, 2010

Nickel Silicon Valley Wrinkle Equalizer 1.7 fl oz.

Nickel Silicon Valley Wrinkle Equalizer 1.7 fl oz.

image

Price:
$53.99

  • Diminishes the appearance of fine lines and wrinkles
  • Light reflective actions provide an immediately smoother appearance
  • Softens the skin using a silica-rich formula
  • Firms and tightens with a patented vitamin complex
  • Incredible cream-gel texture

It used to be that you could look like this and change the world:

image

These days?

image

Let’s face it, if you’re not ready for CNBC/Wired/Esquire, you’re not ready to change the world in Silicon Valley. Besides, tech is fashion!

So now, more than ever, it’s important that your ASICS, your Objective C, your SuperBowl ad, your Facebook app, and your face looks perfect. And that’s where this special line of Wrinkle Equalizer comes in.

With a few dabs of here, and a few dabs there, boom… soon you’ll be ready to rock Sand Hill Road and be on your way to the cover of BusinessWeek. Booyah!

Just like how you can make your face look great, you can help make sure this site continues to be great! Click this link to learn more about donating to this site’s hosting costs!

Comments (15) -- Posted by: burbed @ 5:35 am