Lower property taxes… sounds good, right?
Over the years, many of our clients have successfully appealed their property tax assessments, reducing their assessed values and saving thousands of dollars.
If you believe your assessed value is more than you could sell your property for in today's market - you should know that you have the right to appeal.
The tax assessor's window for San Francisco property owners to apply for a Decline in Value is now open through March 31st.
For this Q1 window that closes in March, the assessor will accept informal review requests, which are free and can be completed through their online portal. (yay - no paper mail or standing in line at City Hall)
Note: This is a different process from submitting to the formal Assessment Appeals Board. That window opens in July and there is a cost of $120 to file your appeal.(Don't worry, we'll send a reminder later this year!)
Appeals must be filed on time; late applications are not accepted, even if the valuation seems clearly inaccurate.
The burden of proof rests with the property owner, and you must support your requested value with recent comparable sales or a professional appraisal. We would be delighted to help you with that piece. Reach out to us here to request the comparable sales data you need for your appeal.
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