The annual tax rate is recommended by the Controller based upon a combination of the general tax levy (which is determined in accordance with State law and is limited to $1 per $100 of assessed value of your property) and the City’s voter-approved indebtedness (which may include locally voted special taxes, bond measures, and city or district direct assessments). Once the annual tax rate for regular secured property taxes is recommended by the Controller, it must be adopted by the Board of Supervisors and approved by the Mayor. The tax rate varies slightly from year to year. The tax rate for the current year 2014-2015: 1.1880%
Property owners pay secured property tax annually. The secured property tax amount is based on the assessed value of the property as established each year on January 1st by the Office of the Assessor/Recorder. The annual tax bill is sent to the mailing address on file by the end of October, and covers the fiscal year beginning on July 1st and ending on June 30th of the following calendar year.
The secured property tax bill can be paid in two installments; the first installment is due November 1st and becomes delinquent after December 10th and the second installment is due on February 1st and becomes delinquent after April 10th. Property owners may choose to pay both installments when the first installment is due. The Office of the Treasurer & Tax Collector is responsible for collecting all San Francisco taxes and fees related to property tax while the Office of the Assessor/Recorder is responsible for establishing property values, processing exemptions, change of mailing address, and change of ownership information.
Please contact the Office of the Assessor/Recorder for more information. If you have any questions on your property tax bill, please contact us by email at Treasurer.Taxcollector@sfgov.org or via telephone at (415)554-4400, Monday through Friday, 8 a.m. to 5 p.m. PST.
For more information:http://sftreasurer.org/online-property-tax-payment-faq#taxrate
Posted on February 25, 2015 at 11:51 am by Kim Barnes