Property Taxes
Proposition 13 (1978) established a maximum property tax rate of one percent (1%) of the assessable value. In addition to this base rate may be added tax rates necessary to pay off indebtedness such as bonds authorized by the voters.
EXAMPLE
If the tax rate is $1.14 ($1.00 rate base + 14 cents for indebtedness), the property tax would be calculated as follows for a property with an assessed valuation of $100,000
Full Cash Value $100,000
Because the rate is $1.15 per hundred of full value, divide by 100 to get a tax factor
$1.14 / 100 = 0.0114
Tax Calculation
Multiply the rate times the full cash value $100,000 x 0.0114 = $1,140.00
Tax Amount $1,140.00
The tax amount may be increased for any special benefit assessments, such as sewer service, or reduced by any legal exemption which may apply. San Francisco has only one tax rate, calculated as follows
Ad Valorem Tax Rate Applied to Real and Personal Property
City and County of San Francisco
(Budget approved by mayor and Board of Supervisors) 0.76698088
San Francisco Unified School District
(Budget exclusively controlled by Board of Education) 0.30125700
San Francisco Community College District
(Budget exclusively controlled by Board of Governors) 0.05855145
Bay Area Pollution Air Quality District
(Budget exclusively controlled by District Directors) 0.00208539
Bay Area Rapid Transit District
(Budget exclusively controlled by District Directors) 0.01112528
TOTAL TAX RATE 1.140%
http://www.sfgov.org/site/assessor_index.asp?id=92