San Francisco's total property assessment exceeded $200 billion for the first time when the fiscal year 2016-17 assessment was submitted.
San Francisco’s total property assessment exceeded $200 billion for the first time when the fiscal year 2016-17 assessment was submitted, according to preliminary information Wednesday from San Francisco’s Office of the Assessor-Recorder.
The preliminary information said the assessment is $208 billion or nearly 9 percent higher than the previous fiscal year.
The assessment must be certified by the city’s Office of the Controller before it’s final.
Property taxes are based on the assessment. Property taxes pay for services in San Francisco such as public safety, health and social services.
Once the assessment is certified, Controller’s Office staff will send the assessment to the Treasurer & Tax Collector’s office, whose employees will mail out property tax bills.
Bay City News is a 24/7 news service covering the greater Bay Area. © 2022 Bay City News, Inc. All rights reserved. Republication, rebroadcast or redistribution without the express written consent of Bay City News, Inc. is prohibited.
Police are investigating a shooting that killed one man and sent another to a hospital early Sunday morning.
A 33-year-old man who allegedly crashed his car head-on into a police patrol vehicle and then stabbed a police...
The Oakland Athletics fell short of sweeping the Toronto Blue Jays, dropping Sunday's afternoon tilt 5-3.
