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For Immediate Release
Date:  July 19, 2018
Contact:  Vivian Po, (415) 554-5502

 

 

 

*** PRESS RELEASE***

SAN FRANCISCO LEADS CA COUNTIES ON PROPERTY TAX GROWTH

12% Increase over Previous Fiscal Year

 

San Francisco, CA – Thanks to the diligent work of the staff at the Office of the Assessor-Recorder, San Francisco’s property tax base has expanded significantly over the past year. At a cumulative value of $250 billion, the total secured roll value represents an increase of 12% compared to last year, highest among California counties.

There are over 211,000 parcels in the City and County of San Francisco and the Office of the Assessor-Recorder is responsible for establishing a taxable value for all property. The secured property roll is a summary of the assessed value of all real property owned in San Francisco. The office estimates that 59% of the total secured roll growth was attributed to property transfers, 22% to construction activities, and 19% to annual inflationary increases under Proposition 13 (1978).

Property taxes represents approximately one-third of San Francisco’s General Fund revenues, supporting local services such as public safety, health, social and neighborhood services.

 

 

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Pub Date: 
Thursday, July 19, 2018
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