Santa Clara County reports alarming, likely the ‘worst’ property value trend in 15 years

Santa Clara County may be about to experience one of its worst declines in property value in 15 years.

New data from the Santa Clara County assessor’s office shows a significant number of properties declining in value from 2,595 last year to 19,325 this year. Aside from a brief uptick in 2020 during the first year of the COVID-19 pandemic, this is the first time the county has seen such a large decline since the financial crisis of 2008, County Assessor Larry Stone told San José Spotlight.