Perhaps due in part to the ease of starting the process online this year (as plugged-in people knew), 6,462 requests for reductions in residential property assessments were received by San Francisco’s Assessor-Recorder’s office this year, up from 4,421 last year and 1,673 the year before that.
In all, 11,700 homeowners have received temporary property tax reductions in the current fiscal year that ends June 30; some at the request of the property owners, others at the initiation of the assessor’s office. The cumulative total in reduced assessed value added up to $1.4 billion.
Rulings on the requests will be out by early August, appeals will be due by September 15.
∙ Assessing The Potential Upside Of A Down Market: Tax Basis Redux [SocketSite]
∙ Thousands more in S.F. seek property tax breaks [SFGate]
∙ JustQuotes: It’s Time To Make Some Property Tax Lemonade [SocketSite]