Aided by rising property values and assessments, the property tax rate for the City and County of San Francisco is slated to drop from $1.1826 per $100 of assessed value in the current Fiscal Year to $1.1792 per $100 of assessed value for Fiscal Year 2016-2017, a decrease of... Read More »
Purchased for $3.3 million in 2011 having already been renovated with “xqzt archi” details and a new marble kitchen, the Pacific/Presidio Heights home at 68 Presidio Avenue was expanded and rebuilt to conform to the “aesthetic and living preferences of today” and re-listed for $8,995,000 at the end of... Read More »
Targeting property owners who need assistance to comply with San Francisco’s recently adopted mandatory soft story retrofit ordinance or who are interested in voluntarily retrofitting their building for seismic safety, the City of San Francisco will hosting a comprehensive Earthquake Retrofit Fair from 3pm to 7pm on January 28... Read More »
If you’re looking for another way to stay plugged-in to a selection of our featured stories, highlights and breaking news, our twitter feed is now up and running @socketsite. Read More »
The proposed Property Tax rate for the City and County of San Francisco will increase from $1.164 per $100 of assessed value to $1.1718 per $100 of assessed value for the 2011-2012 Fiscal Year. Allocation of the tax dollars is as follows: San Francisco’s Board of Supervisors is set... Read More »
The assessed value for 18,800 properties have been reduced by San Francisco’s Assessor-Recorder office, down $2.4 billion in assessed value with the Mission Bay (1,236 reductions) and South Beach (874 reductions) neighborhoods leading the way. If they haven’t already, property owners in San Francisco should soon receive Notices of... Read More »
2,170 units entered San Francisco’s 2010 condo conversion lottery, all hoping to be one of the 200 chosen. If you hope to have a chance of winning in 2011, at which point you can start navigating the chart above (click to enlarge), you’ve got a week to get your... Read More »
While we’re still waiting for the full results of the formal reviews, last year 3,432 informal reviews resulted in 1,683 reductions of 2009-2010 assessed values for San Francisco properties (in addition to 9,997 reductions that were proactively granted). And in a few hours Assessor-Recorder Phil Ting will officially announce... Read More »
Ticket sales for the 2010 Condominium Conversion Lottery kicked off this morning and will run through 4:45 PM on Friday, January 22, 2010. The drawing for the rights to convert 200 units from TICs to condominiums in 2010 is scheduled for Wednesday, February 3, 2010. Around 2,000 tickets are... Read More »
The SocketSite cross-industry scoop last week: You probably won’t read about it in the Chronicle, but the scoop according to a plugged-in source is that the San Francisco Examiner is a week away from announcing the free publication of weekend open house ads through a deal with the San... Read More »
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“I have this idea that these are circular deals. Execs from Company X buy Company Y with shareholde...” [more]
“As someone who just signed a new lease after multiple weeks search, and looking at two dozen apartme...” [more]
“Uh, the Sales Force Tower is a prominent tower in the city’s core business district. So yes, when ...” [more]
“Again, those were mere market corrections. This is a global black swan event that has changed e...” [more]
“Not quite 1938, but you can trace out the pace of civilization....” [more]