Property tax statements arriving in the mail this week provide new evidence of just how tough it can be to make it in the Bay Area.
An annual report from the Santa Clara County assessor's office shows an increase in home sales and an increase in tax revenue, but it also shows that commercial real estate, for the most part, is still working to come back from the pandemic dip. There are exceptions to that office space dip, primarily from tech giants that continue to grow in Silicon Valley.
Meanwhile, some potential homebuyers say the current tax rates in the Bay Area are fueling their worries about being able to afford a home long-term.
NBC Bay Area's Scott Budman has more in the video report above.

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