Property taxes in 2023

SF property taxes. Here’s what they look like in 2023.

Ad Valorem Taxes

The assessed value is typically set at the purchase price when you buy your home. Annual increases are capped, which offers some predictability. Also, don’t overlook exemptions. As a primary residence, you’re entitled to certain exemptions that can lower your taxable amount, albeit slightly. Here’s what you can expect to pay:

TAXING AUTHORITYRATE (%)Countywide Tax (Secured)1.00000000S.F. Bay Area Rapid Transit District Debt Service0.01340000S.F. Community College District Debt Service0.01108630City And County Of S.F. Debt Service0.11295032S.F. Unified School District Debt Service0.04025720Total Ad Valorem Taxes****1.17769382

Direct Charges And Special Assessments

On top of this, there are Direct Charges for specific services like the San Francisco Bay Restoration or school parcel taxes. And Teacher Support comes from property taxes too.

LEVYING AUTHORITYAMOUNT ($)46 – San Francisco Bay Restoration Authority12.0089 – SFUSD Facilities District41.3291 – SFCCD Parcel Tax99.0098 – SFUSD – Teacher Support299.76101 – School Parcel Tax Of 2020313.88Total Direct Charges And Special Assessments****765.96

These costs eventually get passed on to renters too. It’s an expensive city to live in.