Local
More than 800 homeowners granted a reduction in assessed value
October 7, 2008
SAN FRANCISCO — The San Francisco assessor-recorder announced that his office has completed all the requests by city homeowners for a temporary reduction in assessed value.
The average reduction citywide was 11.5 percent, or $137,057. Of the 1,673 reviews requested for residential properties, 810 have been granted a reduction.
As a result, San Francisco’s overall property roll value decreased by nearly $96 million, which translates into a $1.1 million decrease in property taxes paid to The City.
