Category: SF Assessors Office

SF Assessor: Tax Savings for Seniors

On By Sunnyside Neighborhood AssociationIn Housing, real estate, SF Assessor-Recorder, SF Assessors Office, Taxes, UncategorizedLeave a comment

Part of an occasional series of posts with information from the San Francisco Office of the Assessor-Recorder.

From the Office of Assessor Carmen Chu: Tax Savings for Seniors

Many seniors may consider moving to a smaller and more convenient property to live as they grow older. However, buying a new house means they need to pay property taxes at the market value of the new property, which may be much higher than their current assessment (due to inflation cap under Prop 13). Good news is California tax laws allow senior owns to transfer their assessed value. houselet

Prop 60 is a constitutional amendment passed by California voters in 1986 that allows owners who are 55 years old or older to transfer the assessed value of their existing home (original property) to their new home (replacement property) if both properties are located in the same county.

For seniors who are interested in moving to another county, please check with the local County Assessor where your new property will be located to see if they accept assessment transfer from another county, also known as Prop 90.   Continue reading “SF Assessor: Tax Savings for Seniors” →

Mar 24: ‘Family Wealth Forum’: free event for family financial planning

On By Sunnyside Neighborhood AssociationIn SF Assessor-Recorder, SF Assessors Office, Taxes, UncategorizedLeave a comment

From the SF Office of the Assessor-Recorder. This popular and well-received forum, to be held again on March 24, provides free help to to SF families in financial planning. 

In March, Assessor Carmen Chu is bringing back by popular demand her Office’s community event to help San Francisco families build their financial futures, the Family Wealth Forum. Often when speaking with community members, Assessor Chu receives questions about estate planning and passing on a family’s most valuable asset, their home.

In response, she created the Family Wealth Forum as a one-stop shop to answer those questions, offering multilingual workshops, one-on-one counseling with experts, and a variety of informative vendors.  We invite you to join us for this free community event on Saturday, March 24th, 2018, from 10:00 am – 1:00 pm at Lincoln High School, 2162 24th Avenue.  For more information and to register, please visit www.sfassessor.org/familywealthforum

Continue reading “Mar 24: ‘Family Wealth Forum’: free event for family financial planning” →

‘Family Wealth Forum’: free event for family financial planning

On By Sunnyside Neighborhood AssociationIn Families, SF Assessor-Recorder, SF Assessors Office, Taxes, UncategorizedLeave a comment

From the SF Office of the Assessor-Recorder. This popular and well-received forum, to be held again on March 24, provides free help to to SF families in financial planning. 

In March, Assessor Carmen Chu is bringing back by popular demand her Office’s community event to help San Francisco families build their financial futures, the Family Wealth Forum. Often when speaking with community members, Assessor Chu receives questions about estate planning and passing on a family’s most valuable asset, their home.

In response, she created the Family Wealth Forum as a one-stop shop to answer those questions, offering multilingual workshops, one-on-one counseling with experts, and a variety of informative vendors.  We invite you to join us for this free community event on Saturday, March 24th, 2018, from 10:00 am – 1:00 pm at Lincoln High School, 2162 24th Avenue.  For more information and to register, please visit www.sfassessor.org/familywealthforum

Continue reading “‘Family Wealth Forum’: free event for family financial planning” →

Jan 28: Free workshop – Tax Savings for Homeowners

On By Sunnyside Neighborhood AssociationIn Free, Housing, SF Assessor-Recorder, SF Assessors Office, Taxes, UncategorizedLeave a comment

Free workshop from Office of the Assessor: Tax Savings for Homeowners

Tax Savings for Homeowner-image_2018_01_28

DATE:                    Sunday, January 28th

TIME:                    1:00 – 3:00 PM

LOCATION:         SF Public Library, Main Library, Latino/Hispanic Room (basement level)

                                100 Larkin Street, San Francisco, CA 94102

RSVP:                    Click here to RSVP    Continue reading “Jan 28: Free workshop – Tax Savings for Homeowners” →

Tax Savings for Homeowners

On By Sunnyside Neighborhood AssociationIn Housing, SF Assessor-Recorder, SF Assessors Office, Taxes, UncategorizedLeave a comment

The SF City agency called the Office of the Assessor-Recorder has information and programs relevant to property taxation and house-buying. This is the first in a series of posts SNA will be publishing with information posts directly from this agency, which may help you better understand this aspect of homeownership and possibly save you money on your property tax bill. 

From the Office of Assessor Carmen Chu: Tax Savings for Homeowners

If you own and occupy your property as a primary residence, you may be eligible for a Homeowner’s Exemption. The Homeowner’s Exemption is a $7,000 deduction from your assessed value, not from your property tax due. For example, if you qualify for the exemption, your assessed value of $700,000 will be reduced to $693,000 ($700,000-$7,000) and you should expect to save $ 82.54.

If you are eligible and do not see an exemption amount on your tax bill, please download the Homeowner’s Exemption Claim form from our website (www.sfassessor.org). Continue reading “Tax Savings for Homeowners” →