The Property Tax rate for the City and County of San Francisco is slated to increase 1.62 percent from $1.1691 per $100 of assessed value in the current Fiscal Year to $1.1880 per $100 of assessed value for Fiscal Year 2013-2014.
The proposed allocation of San Francisco’s property tax dollars is as follows:
Thanks to Proposition 13, the State has once again authorized a maximum allowable increase of 2 percent in assessed value this year for properties that haven’t changed hands or been improved.
The proposed pass-through rate to residential tenants will increase to $0.088 per $100.00 of assessed value for landlords, up from $0.081 in the current fiscal year.
San Francisco’s Board of Supervisors is slated to ratify the new rates this week.