SAN FRANCISCO – Thanks to the diligent work of the staff at the Office of the Assessor-Recorder, San Francisco’s property tax base has expanded significantly over the past few years. At a cumulative value of $271 billion, the total secured roll value represents an increase of 35 percent compared to three years ago.
There are over 211,000 parcels in the City and County of San Francisco and the Office of the Assessor-Recorder is responsible for establishing a taxable value for all property. The secured property roll is a summary of the assessed value of all real property owned in San Francisco. The office estimates that 16 percent of the total secured roll growth was attributed to property transfers, 51 percent to construction activities, and 33 percent to annual inflationary increases under Proposition 13 (1978).
Property taxes represent approximately one-third of San Francisco’s General Fund revenues, supporting local services such as public safety, health, social and neighborhood services. Each year, the Office of the Assessor-Recorder submits roll data to the Office of the Controller for certification. After certification, the Office of the Controller will transmit the data with the Office of the Treasurer-Tax Collector, the agency responsible for preparing and mailing out property tax bills to owners in October.