In the next few weeks, the Office of the Assessor-Recorder will transition to a new main office phone number, 628-652-8100. For the 12 months following this transition, constituents who call the Office’s prior phone number will automatically be transferred to our new line. As part of this transition, the Office is instituting key upgrades to improve the experience that San Franciscans have when calling us. To learn more, click here.
  1. Home
  2. Assessor Chu Pushes Transfer Tax Accountability Through Audit Program

Assessor Chu Pushes Transfer Tax Accountability Through Audit Program

 

***PUBLIC SERVICE ANNOUNCEMENT***

 

ASSESSOR CHU PUSHES TRANSFER TAX ACCOUNTABILITY

THROUGH AUDIT PROGRAM

 

SAN FRANCISCO – The Office of the Assessor-Recorder launched a transfer tax audit program this month to verify reported sale values for land or real property transactions within San Francisco.  The transfer tax due depends on the sales value and is tiered with rates ranging from $2.50 to $15.00 for each $500 in value or portion thereof.  Currently sales values are self-reported upon recording and the new transfer tax audit program is designed to help ensure fair taxation for all transactions in San Francisco.

“Last year San Francisco collected $315 million in transfer taxes alone. It is important that we enact safeguards to ensure that we collect what the law requires - no more no less,” expressed Assessor Carmen Chu.

 

 

###

Pub Date: 
Wednesday, July 1, 2015
Attachment: 
PDF icon 2015.7.1_PSA_SF Assessor_Launch Audit Program.pdf
Contact: 

City Hall Office:
1 Dr. Carlton B. Goodlett Place Room 190
San Francisco, CA 94102-4698
Tel: (415) 554-5596 Fax: (415) 554-7151
www.sfassessor.org
email: assessor@sfgov.org