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Assessor’s ‘Real Estate Watchdog’ reauthorization advances after five-year pilot
Summary
The subcommittee advanced an ordinance reauthorizing and revising the Real Estate Watchdog program, which the assessor says produced about $1.07 million in additional property tax revenue during a five-year pilot; changes include a straight 10% reward up to $100,000 and 3-1-1 as the intake point.
The Budget & Finance Subcommittee advanced legislation to reauthorize the Real Estate Watchdog program and revise its reward structure, an initiative sponsored by Supervisor David Chu and presented by Assessor Phil Ting.
Ting told the committee the pilot program produced $1,074,349 in additional…
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