Archive for the ‘Taxes’ Category

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). (more…)

Advertisements

Read Full Post »