“San Francisco property owners will have to dig a little deeper into their pockets come December and April when Property Taxes are due.

The city is raising property tax in accordance with Proposition 13 which allows for a cost of living adjustment of property values.  This year the state has approved a .753% increase.  (The only other time property taxes change in San Francisco is upon the sale of a property when the value is re-assessed).

The property taxes in San Francisco will increase to $1.1718 per $100 of assessed value.  This is expected to boost the total property tax revenue in SF to $1.33 billion this fiscal year…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

  • Most Recent Sales
  • San Francisco Market Overview
  • Dolores Park and Stow Lake Improvements
  • Glen Park is Heating Up

Want Zephyr Market Tracker in your inbox every 2 weeks? Sign up for local San Francisco real estate updates for neighborhoods like Noe Valley, Bernal Heights, Hayes Valley, Mission Bay, Mission Dolores and all SF neighborhoods?

Bookmark (0)