If you own property in San Francisco, you should be aware that you can appeal the assessed value of that property, but the deadline for appealing assessment is coming up quickly. Assessor-Recorder Carmen Chu has sent a letter to PAR and other community groups with an important reminder:
On Monday, September 16, 2013, the City and County of San Francisco will close the filing period for a formal appeal of the 2013/2014 assessed property value. The period for appeals opened on Tuesday, July 2, 2013.
Many property owners are not aware of this appeals deadline, so the Office of the Assessor-Recorder wants to make every effort to ensure they are aware of their rights. We see the appeals process as an opportunity for property owners to bring additional information to the table.
Our office is beginning to see a decline in the number of appeals for the first time in over four years, with 2012/13 appeals decreasing to 5,500 from 6,399 in 2011/12. As home prices in San Francisco rise, this trend of declining appeals is likely to continue as homeowners see their property regain its base year value.
In order to appeal, property owners must complete the Application for Changed Assessment form (accessible by visiting www.sfgov.org/aab) together with a non-refundable $60 administrative processing fee and submit it no later than 9/16/2013 to the Assessment Appeals Board (AAB) at 1 Dr. Carlton B. Goodlett Place, City Hall, Room 405, San Francisco, CA 94102.