San Francisco Sees Surge in Property Tax Appeals Real Estate Value Drop

San Francisco is experiencing a surge in property owners seeking to lower their property taxes. The city’s Assessment Appeals Board has received more than 6,800 applications between July and September in 2023, compared to just 1,878 applications during the same period the year prior. The surge in appeals reflects the impact of the pandemic on the real estate market and property values in the city. In a recent article in the San Francisco Chronicle, Ryan Principal Nick Fogle weighed in on the current state of the market.