Two in running to be next Santa Clara County assessor, could deeply impact valleys future

In a pivotal election, Yan Zhao and Neysa Fligor are competing to replace Larry Stone as Santa Clara County assessor, a role that shapes housing development and school funding in Silicon Valley. The special election is scheduled for November 4, with a possible runoff on December 30. Stone, who endorsed Fligor, highlighted the position's far-reaching impact, stating it affects both property owners and families with children in schools. Zhao, having raised over $450,000, claims to bring a new outlook and is undeterred by Stone's endorsement of her opponent. Bob Staedler, a principal at Silicon Valley Synergy, emphasized the assessor's influence on property valuation and local governance.

The winner will manage an $8 billion enterprise and oversee a $700 billion assessment roll. This election could lead to significant policy shifts regarding property tax regulations and governance in California. The stakes are high, as the outcome will affect various stakeholders, including tech companies and housing investors.