So a year late and quite a few dollars short the Assessor’s office granted my informal request for review and lowered my 09/10 assessed value by 25.7% from the “Prop 13 Base Year Value”. So after saying my place gained value from Feb 2007 to January 2008 they now say it dropped at least 25% from January 08 to January 09 (and 22.7% from when I purchased it).
Once again, the average granted reduction for 2008/09 was 11.5%. And the San Francisco Tax Assessor’s tally for 2009/10 adjustments should be out soon. Tipsters?
UPDATE: Additional history with respect to the subject property, a 2/1 condo in District 6.
∙ Average Granted Assessed Value Reduction In San Francisco: 11.5% [SocketSite]