40% of Houses in Sonoma County to be Reassessed at Lower Value

Mike Coit has another excellent article up at the Press Democrat on the local real estate market. Head over and give it a read:

After reducing property tax bills for about 25,000 homeowners last year, the county could add another 15,000 this year. That two-year total would more than double the county's previous high, which occurred during the last housing slump in the mid-1990s, said Bill Rousseau, the county's deputy chief assessor.

It's a staggering total: Nearly four of every 10 houses in the county, he said.