Property taxes in one of the most expensive markets in the country can be complex and are hemmed in by such things as Prop 13. Kevin Ho and Jonathan McNarry walk through the basics of paying property taxes in San Francisco.
Read moreNearly 10 percent of all property transfers in California (about 60,000 to 80,000) transfer between parents and children annually without a reassessment to current fair market value. Estimates show that state koffers take a $1.5 billion hit which translates to about 2.5 percent of property tax revenues that are already held artificially low by Proposition 13.
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