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Guidelines for homeowners appealing their property tax assessment in san francisco county. It explains the importance of comparable sales in determining fair market value and outlines the criteria for evaluating comparable properties based on arm's-length open market transactions, physical similarity, and relevance to the valuation date. The document also includes a property tax comparison worksheet to help gather and compare relevant data.
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There are three basic methods used by appraisers to find the value of property: Comparable Sales of similar property approach; Replacement Cost less depreciation approach; and Income Approach. In most residential appeals, the most reliable type of evidence to support your opinion of “fair market value” is the sale of properties similar to yours. These are called “comparable properties.”
Before you begin to gather evidence about comparable properties, you should gather information about your own property. Determine the age, building size(s), lot size, and so forth for your property first, and then compare that information with the assessor’s information for your property. You can obtain information about your property by contacting the assessor’s office.
The following information explains how to judge whether a sold property is comparable to your property.
“Comparable sales” are sales of other properties that are similar to yours. Three different standards are used to judge the comparability of the properties you submit as evidence.
SAN FRANCISCO COUNTY – Residential Property Comparison Work Sheet
Your Property (Subject Property) Sale #1 Sale #2 Sale # Property Address
Distance from Subject Property
Zoning
Property Use
Lot Size
Lot Attributes (view, excess traffic, terrain, etc.)
Living Area
Garage Area
Year Built
Bedrooms/Bathrooms
Central Heat Y N Y N Y N Y N
Air Conditioning Y N Y N Y N Y N
Other Improvements (pool, patio, porch, etc.)
Property Condition
Sale Date / / / / / / / /
Property Value Assessed Value $
Sale Price $
Sale Price $
Sale Price $
$ per Square Foot of Living Area
Assessed Value $
Sale Price $
Sale Price $
Sale Price $