Articles Recently Tagged: Proposition 13

(16 posts)
Former Pacific Heights Bachelor Pad Fetches $11.5M

Former Pacific Heights Bachelor Pad Fetches $11.5M

Listed a “beautiful blank canvas to create dramatic adult house” for $15 million in April, and then reduced to $12.5 million after a few weeks without a bite, the sale of the three-level Pacific Heights pad at 2010 Jackson Street, which was designed by Ted Moulton and originally built for... Read More »

Presidio Heights Pad Without Parking Sells For $9M

Presidio Heights Pad Without Parking Sells For $9M

Having hit the market listed for $11 million eight months ago, the sale of the 8,000 square-foot Presidio Heights home at 3636 Clay Street has closed escrow with a reported contract price of $9 million. Built in 1899 and having only traded hands a couple of times, the tax... Read More »

$2.5M Price Cut For Former Pac Heights Bachelor Pad

$2.5M Price Cut For Former Pac Heights Bachelor Pad

The asking price for the three-level Pacific Heights home at 2010 Jackson Street, which was originally built as a bachelor pad for a retired advertising executive and hit the market two weeks ago listed as a “beautiful blank canvas to create dramatic adult house” for $15 million, has been... Read More »

Built As A Bachelor Pad And On The Market For $15M

Built As A Bachelor Pad And On The Market For $15M

Designed by Ted Moulton and built in 1961 for retired advertising executive and bachelor about town, George Kleiser Junior, the three-level Pacific Heights home at 2010 Jackson Street has just hit the market listed as a “beautiful blank canvas to create dramatic adult house.” And it’s a canvas... Read More »

Presidio Heights Home Joins The Million Dollar Price Cut Club

Presidio Heights Home Joins The Million Dollar Price Cut Club

Having hit the market two months ago listed for $11 million, the list price for the Presidio Heights property at 3636 Clay Street has just been reduced by $1.2 million, now asking $9.9 million for the 8,000 square-foot home and newest member of our growing million dollar price cut... Read More »

An $11M Presidio Heights Mansion Without A Garage (For Now)

An $11M Presidio Heights Mansion Without A Garage (For Now)

Built in 1899 and having only traded hands a couple of times, the tax assessed value for the nearly 7,000 square foot home at 3636 Clay Street is currently $294,125.  And as such, the property tax bill totaled $3,744 last year. Having just hit the market listed for $11... Read More »

Property Tax Rate In San Francisco Set To Drop

Thanks to rising property values, the property tax rate for the City and County of San Francisco is slated to decrease from $1.1880 per $100 of assessed value in the current Fiscal Year to $1.1743 per $100 of assessed value for Fiscal Year 2014-2015, a drop of 1.15 percent.... Read More »

Loophole In Bill To Close Prop 13 Loophole Removed

Designed to close a loophole in Proposition 13 which has allowed businesses to avoid property tax reassessments upon the purchase of a property, Tom Ammiano’s proposed Assembly Bill 2372 aims to refine what constitutes a sale. But as originally drafted, the bill would have created a loophole of its own.... Read More »

Bill To Close Proposition 13 Loophole Passed By State Assembly

As the State Senate revived a bill to freeze speculative evictions in San Francisco, the State Assembly passed a bill designed to expand the definition of a “change of ownership” for properties in California in an attempt to close a Proposition 13 loophole. Passed by a vote of 57-13... Read More »

Proposition 13 Pigs Have Grown Some Wings

Designed to protect long-term homeowners from a spike in property taxes as property values rise, California Proposition 13 freezes the tax assessed value of a property at its purchase price plus a nominal annual adjustment of not more than 2 percent. Proposition 13 applies to both individuals and businesses... Read More »