Category: Taxes

Jan 5: SF Assessor’s Forum on Prop 19

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

 This forum will be held online next Tuesday, January 5th (12:00 – 1:30 PM).

The San Francisco Office of the Assessor-Recorder invites you to their upcoming Family Wealth Forum, “Understanding How CA Prop 19 May Impact Your Family”. The Assessor’s Office wants to make sure to keep the community informed about changes to the law which may affect their families and financial planning. More info below.

“At the Assessor’s Office, we understand that planning for a secure financial future is a top priority for San Francisco families, especially during these uncertain times.  On Nov 3, 2020, CA voters passed Prop 19, “The Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act,” which makes changes to property tax benefits available to these groups. While this new law mostly expands property tax benefits for these groups, it includes provisions which significantly limit tax benefits for families who plan to pass property from parents to children.  In response, our Office is organizing a Digital Family Wealth Forum to educate San Francisco families about the loss of tax benefits before they go into effect on February 16, 2021.  We hope you will be able to join us for this event and share it with your family and neighbors who may find the information useful for their financial planning.”

SF Assessor: Understanding How CA Prop 19 May Impact Your Family

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

 The San Francisco Office of the Assessor-Recorder invites you to their upcoming Family Wealth Forum, “Understanding How CA Prop 19 May Impact Your Family”.

This online forum will be held online on Tuesday, January 5, 2021 (12:00 – 1:30 PM). The Assessor’s Office wants to make sure to keep the community informed about changes to the law which may affect their families and financial planning. More info below.

Continue reading “SF Assessor: Understanding How CA Prop 19 May Impact Your Family” →

SF Assessor Workshops: Property Tax Savings

On By Sunnyside Neighborhood AssociationIn Families, Free, Seniors, SF Assessors Office, TaxesLeave a comment

In this series of free educational workshops presented by the Office of Assessor Carmen Chu and the SF Public Library, you can find out about Property Tax Savings for Families and Seniors.

The workshops (offered at four different locations) will cover how your property taxes are calculated and share tax savings that you may be eligible for as homeowners in California.

2020 Library Workshop Series

Parkside Branch Library
1200 Taraval Street, San Francisco, CA 94116
Date: Wednesday, February 12, 2020
Time: 7:00 – 8:00 pm
RSVP here

Excelsior Branch Library
4400 Mission Street, SF CA 94112
Date: Wednesday, March 18, 2020
Time: 6:30 – 7:30 pm
RSVP here Continue reading “SF Assessor Workshops: Property Tax Savings” →

SF Assessor’s Office representative at Sunnyside Community Connectors this Wednesday

On By Sunnyside Neighborhood AssociationIn Free, Seniors, SF Assessor-Recorder, TaxesLeave a comment

After the usual senior exercise class at Always Active on Wednesday July 24, representative Nicole J Agbayani from the SF Office of the Assessor-Recorder will speak and answer your questions at 10:30 AM about property tax savings for seniors and estate planning for families through the Sunnyside Community Connectors program.

Free and all are welcome. St Finn Barr Hall, 415 Edna Street (Hearst Ave).

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” →