Here is the Catch
House property taxes are rising in the face of declining values. County assessor Ting explains it this way. Prop 13 limited the ability of the city to raise property taxes. This limit is so severe that even though homes have declined in value, they are still above the assessed value of many homes.
Ask for a Review
If you find yourself in a situation where your homes taxes are rising, even though the value has dropped, have your house reassessed. Go to sfgov.org/assessor and fill out the request for a reassessment. fax it to 415-664-7915.
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