“Carmen Chu will lead the Assessor-Recorder’s office with the same level of budgetary expertise and fiscal prudence she demonstrated when she provided the leadership needed to develop the City’s first two-year budget, balance a $6.8 billion annual city budget and close budget shortfalls of $380 million,” said Mayor Lee. “Carmen’s exemplary budgetary skills as Chair of the Budget and Finance Committee of the Board of Supervisors have benefited the entire City and she shares my values of equity, efficiency and responsiveness to all San Francisco residents.”
Home ownership comes with many responsibilities, chief among them — paying your property taxes.
In addition to paying the regular secured tax bill, new homeowners will also receive a Supplemental tax bill(s) and possibly Escape tax bill(s). These are one-time tax assessments designed to capture the value differences between the value currently on the assessment roll before your purchase and your purchase price. Many first time home buyers are unaware of this fact.