Palo Alto homeowners are seeing assessed values rise again, adding to a tax picture that can help fund schools and other local services while also deepening affordability concerns.
New county figures show Palo Alto’s assessed property values climbed 5.47% in 2025, faster than the county as a whole, as Palo Alto Online reported.
What’s happening?
The Santa Clara County Assessor’s Office said Palo Alto not only topped last year’s 4.62% increase but also finished above the countywide growth rate of 4.74%.
Santa Clara County Assessor Neysa Fligor said the numbers reflect a split market: homes are still driving gains, while commercial office properties remain under strain…