San Francisco, California Property Taxes
The median property tax rate in San Francisco, CA is 0.87%, which is lower than both the national median of 0.99% and the California state median of 1.21%. Given the median home value in San Francisco is $948,391, the typical annual property tax bill amounts to $2,616, slightly below the national median of $2,690. Property taxes in San Francisco are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding San Francisco's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of San Francisco or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Francisco, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s San Francisco Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in San Francisco. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in San Francisco to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across San Francisco, California
Property taxes in San Francisco, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Francisco is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within San Francisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Francisco estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares San Francisco's effective property tax rate to other counties in California and the national median. For comparison, the 94110 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these areas compare with San Francisco provides valuable insights into the varying tax landscape across Marin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Francisco Tax Rate
0.87%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Francisco, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94110 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
| 94118 | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Source: Ownwell
Property Tax Assessment Values Across San Francisco, California
In San Francisco, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Marin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In San Francisco, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in San Francisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $3,620 in zip code 94118, while the lowest is $1,613 in zip code 94110.
Property Tax Assessment Values Across San Francisco, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average San Francisco Assessed Value
$948,391
Average Marin County Assessed Value
$766,131
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Francisco, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94110 | $104,782 | $104,782 | $104,782 | $104,782 | $104,782 |
| 94118 | $1,792,000 | $1,792,000 | $1,792,000 | $1,792,000 | $1,792,000 |
Source: Ownwell
Property Tax Bills Across San Francisco, California
In San Francisco, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value typically starts with the purchase price of the home and can increase annually by up to 2% under California's Proposition 13. Various factors such as property improvements and market trends can also influence this value. Homeowners in San Francisco face a range of property tax bills. The 25th percentile tax bill is around $2,115, while the 75th percentile reaches approximately $3,118. For those in the 90th percentile, the tax bill can go up to $3,419. Notably, the highest median tax bill in the city is $3,620 in the 94118 zip code, whereas the lowest median tax bill is $1,613 in the 94110 zip code. These property tax bills impact homeowners by contributing to their overall housing costs. Given that the national median property tax rate is 0.99%, understanding these local variations is crucial for financial planning and homeownership in San Francisco.
Average San Francisco Tax Bill
$2,616
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across San Francisco, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94110 | $1,613 | $1,613 | $1,613 | $1,613 | $1,613 |
| 94118 | $3,620 | $3,620 | $3,620 | $3,620 | $3,620 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Marin Tax Assessor | |
| Website | apps.marincounty.org |