The SF Assessor’s Office has announced that they will now accept “Requests for Informal Review of Assessed Value” for tax year 2010/2011. Such requests must be filed by March 31, 2010 and apply only to single-family dwellings, residential condominiums, townhouses, live-work lofts and cooperative units. Last year 3,432 requests for informal review resulted in 1,683 reductions of assessed values for SF properties in tax year 2009/2010.
Your request must be in writing by completing an application or submitting your request online with supporting evidence of your opinion of value. Send your request to: Assessor-Recorder, ATTN: Prop. 8, 1 Dr. Carlton B. Goodlett Place, City Hall – Room 190, San Francisco, CA 94102. Mail-in requests for an informal review must be U.S. postmarked by the March 31, 2010 deadline. By Fax: (415) 554-7915 or E-mail: [email protected] Be sure to keep a copy for your records.
If you want to skip the informal review or wind up unhappy with the Notice of Assessed Value of your property (which will go out at the end of July), you can file a Formal Assessment Appeal between July 2 and September 10 of this year.
TIC units are excluded from the informal review process because unlike residential condominiums and cooperative units, TICs do not have separate parcel numbers. A review of a single TIC unit is more complex. TIC owners can appeal their taxes by filing an Application for Changed Assessment with the Assessment Appeals Board beginning July 2, 2010 thru September 15, 2010.
If you need help gathering comparable sales data with which to make your case, I am happy to be of assistance. You may also hire a professional appraiser. The Assessor’s “valuation date” is January 1, 2010 and any sales comparables submitted must have closed before March 31, 2010. I think we can go back as far as 10/1/09 on comps.
There are a number of property-tax-appeal service companies, who have been sending out solicitations on stationery that suggests a government agency affiliation. These companies offer to facilitate the property tax reassessment for $179 [or more]. This is unnecessary and deceptive. since taxpayers can fill out a simple, one-page application for a review of their property in my office, free of charge.
If you were granted a reduction for the year 2009-2010, the City will automatically review your assessment for the year 2010-2011 to determine whether a reduction is still warranted.