Buying / Selling Real Estate


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Home sale data courtesy of Droubi Team. Please reach out to them for more info on buying/selling a home in San Francisco

Property Tax Rates - San Francisco

Proposition 13 established a maximum property tax rate of one percent (1%) of the assessable value of a property. This 1% may have additional tax rates added to it depending on the level of indebtedness assigned to property owners to finance voter authorized expenditures. In other words, the tax rate is 1% plus whatever tax rate is assigned to pay for school bonds, infrastructure, and other voter approved public projects.

Property Tax Dates To Remember

Important Dates for Property Owners:

Jan 1: Lien date – taxes for the next fiscal year attach as a lien on the property. The assessment of property applies as of 12:01 a.m. on the first day of January of each year.

Foreign Investment in Real Property Tax Act (FIRPTA)

If a seller is a foreign individual or corporation, buyers are required to withhold, report, and transmit to the IRS 10 percent of the total purchase price of real property.

California Withholding

In 2003 California amended its real property tax law such that 3.33% of the property SALE price must be withheld buy the buyer.