Assessor Larry Stone Resigns

Larry Stone, who has served as Assessor in Santa Clara County since 1994, announced his resignation effective July 6. Stone’s assistant, Deputy Assessor Greg Monteverde, will serve in his place until Tuesday, Aug, 12, when the Santa Clara County Board of Supervisors will appoint an interim assessor.

Stone has been a formidable political leader and a mainstay at REALTORS® events and real estate-related events across the county. Stone, who originally worked in finance and founded a nonprofit housing development company, has been responsible for producing the county property tax rolls every year since taking office. During that time, the assessment roll has grown from a little over $100 billion to more than $700 billion in assessed real property. The assessing office also hears hundreds of appeals a year and manages three appeals boards to hear those cases.

He has also been a political force whose endorsement has often carried significant weight across the county. Stone has championed progressive causes, particularly affordable housing, but has managed to acknowledge the need to keep business growth and property values on the rise. He has also championed amending Prop. 13 as it applies to homeowners but has been somewhat reluctant to embrace split-roll taxation.

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Source: San Jose Spotlight

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