Will I be taxed during the fiscal year on my property when I purchase or complete construction property?

According to the San Francisco Office of the Treasurer & Tax Collector, you will be taxed only on the supplemental value of your San Francisco property for the portion of the current fiscal year remaining after you purchased the property or completed new construction.

However, if the reassessment was not recorded by the San Francisco Office of the Assessor-Recorder before January 1, you will receive an additional supplemental tax bill for the next fiscal year.

 

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