Our office will be closed Wednesday, June 19, for the Juneteenth holiday.

On Monday, April 29, 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.

 

***STATEMENT***

 

STRENGTH IN PROPERTY TAX HELPS SF RECOGNIZE $415 MILLION IN ADDITIONAL FUNDING

With $181 million available to support homelessness and affordable housing

SAN FRANCISCO – Earlier today, San Francisco’s Controller Ben Rosenfield announced that the City will recognize a roughly $415 million windfall in newly available property tax revenue. Typically, property tax dollars are allocated by formula to the local jurisdiction, education, BART and Bay Area Quality Management District. However, when there is property tax revenue in excess of funding limits, that excess property tax, the “windfall” is returned to the local jurisdiction.

“As your Assessor, I‘m proud of the work we do to support our City. Needless to say, San Francisco would not be in this position without the amazing efforts of the men and women in our office and the work they do every day. I want to express my heartfelt thanks to them,” said Assessor Carmen Chu, whose office is responsible for valuing over 211,000 properties in San Francisco and generates over $3 billion in property tax revenue annually to support public services, including a quarter that is allocated to the Education Revenue Augmentation Fund (ERAF).

Over the last three years, San Francisco has had the highest roll growth amongst California’s 58 counties. San Francisco’s property tax roll has grown by 22% in the last two years, from $212 billion in 2016 to $260 billion in 2018. The property tax roll is the cumulative total of assessed value for all real property and all personal property owned in San Francisco.

 

 

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Pub Date: 
Thursday, November 29, 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