San Francisco, California Property Taxes
The median property tax rate in San Francisco, CA is 0.65%, significantly lower than both the national median of 0.99% and the California state median of 0.76%. With the median home value in San Francisco, the typical annual property tax bill reaches $6,090, far exceeding the national median of $2,690. Property taxes in San Francisco are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. 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
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,551
$1,465
Ownwell’s San Francisco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Francisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Francisco to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across San Francisco, California
Property taxes in San Francisco, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in San Francisco is 1.09%, which is higher 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 94107 zip code has the highest median property tax rate of 1.09%, while the same 94107 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with San Francisco provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Francisco Tax Rate
1.09%
Average Shasta County Tax Rate
1.09%
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 |
|---|---|---|---|---|---|
| 94107 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across San Francisco, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in San Francisco, CA. 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 county assessor 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. 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. The zip code with the highest median tax bill is 94107, with a median tax bill of $1,545. Conversely, the zip code with the lowest median tax bill is also 94107, with the same median tax bill of $1,545. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Francisco, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average San Francisco Assessed Value
$142,327
Average Shasta County Assessed Value
$225,497
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 |
|---|---|---|---|---|---|
| 94107 | $142,327 | $142,327 | $142,327 | $142,327 | $142,327 |
Source: Ownwell
Property Tax Bills Across San Francisco, California
In San Francisco, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the city's assessor's office. The assessed value is often lower than the market value, providing some relief to homeowners. The property tax rate in San Francisco is influenced by various factors, including local government budgets and voter-approved measures. Homeowners in San Francisco face a median property tax rate of 0.99%, aligning with the national median. For instance, in the 94107 zip code, the median tax bill stands at $1,545. This figure remains consistent across various percentiles, indicating a stable tax environment within the city. The property tax bill impacts homeowners by contributing to essential public services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better plan their finances and anticipate annual expenses. The consistency in tax bills across different property values provides a predictable financial landscape for San Francisco residents.
Average San Francisco Tax Bill
$1,545
Average Shasta County Tax Bill
$2,421
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 |
|---|---|---|---|---|---|
| 94107 | $1,545 | $1,545 | $1,545 | $1,545 | $1,545 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |