Sat Sept 29: ‘Family Wealth Forum’ — free event for family financial planning

From the SF Office of the Assessor-Recorder. This popular and well-received forum regularly provides free help in financial planning to SF families, this time with a special workshop on safeguarding against elder financial abuse. 

In September, 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 Workshop. [More information below image.]

7.2018_FWW flyer

Continue reading “Sat Sept 29: ‘Family Wealth Forum’ — free event for family financial planning”

Monday Aug 6: SNA Quarterly Meeting

You are invited: the quarterly meeting of the Sunnyside Neighborhood Association is next Monday. Open to all residents. Agenda below.  Monday August 6th, 2018, 7-8:30 pm. This meeting held St Finn Barr auditorium, 415 Edna Street (Hearst Ave).

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The speakers and subjects will include:

  • Exciting news about the Sunnyside senior exercise program in the works
  • New programming at the Sunnyside Playground Clubhouse
  • Time for open community discussion on your concerns
  • Update on the Balboa Reservoir Project from our BR Committee
  • Update on SFMTA upgrades with our 2017 Participatory Budgeting grant
  • Meet Lenette Thompson, School Board candidate
  • The usual raffle

Time to join or renew your membership? You can pay dues at the meeting, or click ‘Donate’ button below.

Continue reading “Monday Aug 6: SNA Quarterly Meeting”

SF Assessor: Tax Savings for Families

Part of a series of posts from the San Francisco Office of Assessor Carmen Chu.

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

Thinking about passing on property to your children? It is important to know that California tax laws allow parents to transfer ownership to their children (and vice versa) without reassessing the property to market value.

Prop 13 (1978), passed by California voters in 1978, caps yearly assessment increase on a property at 2% or the inflation rate of the California Consumer Price Index, whichever is less. However, if there is a change in ownership, property will be reassessed to market value.

However, if you submit a claim form for Prop 58 tax exclusion, your children will be able to keep your current assessed value on the property and continue to pay property taxes as you would have. This year, we have granted close to 2,000 Prop 58 exclusions for transfers between parent and children.  Continue reading “SF Assessor: Tax Savings for Families”