No just what is on the CA tax assessors role as assessed value. This is what the CA Tax assessor charges taxes on in CA. Yahoo is paying around 1.25% on this assessed value, so they are paying the state of CA around $5,125,000 year in taxes. Again, I assume the accountants for yahoo are fluffing up the RE value because it makes more sense to pay only a 1.25% tax rate to the state on the property. As a broker, I believe the property is probably worth close $200,000,000.
Thanks for the insight. I was just surprised to see such a large assessed value on the tax records. I too would guess they would have the land as very low and the improvements higher to get a higher deduction, but why pay so much for property tax. I am sure the accountants have their reasons