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real estate

Larry Ellison dickers over tax bill, takes money from the children

Peninsula school districts will have less to spend on their evil government entitlement programs thanks to "Uncle Larry" Ellison. Lawyer William Bennett successfully lobbied San Mateo County officials on Ellison's behalf to slash the property tax assessment of the Oracle founder's sixteen-acre Woodside estate. Bennett argued that because the grounds have been styled after a village in Imperial Japan, they're worth much less than the $173 million assessed. Officials agreed that the property is unbelievably tacky, and lowered the assessment to $70 million. Ellison will receive a $3 million refund on previously levied taxes — costing school districts county-wide $1.4 million. More »

8:40 AM on Thu Mar 27 2008
By Jackson West
1,726 views, 8 comments

Latest by matto: Has the San Mateo county provided $173 million in services to Larry? $70 million? Have they even provided close to $1m? Fuck the bay area fifedoms and their property taxes. more »