During the global financial crisis in 2008 – 2009, I expected the San Francisco Property Assessor Office to automatically lower my property tax bill. After all, home prices had topped out at the end of 2006 and had declined about 5% a year for three consecutive years.

Instead of receiving a property tax bill reduction, the city increased my assessed value, thereby increasing my property tax bill! As millions of people were losing their jobs and seeing their net worths get crushed, San Francisco didn’t seem to care. It wanted its money, regardless of the economic circumstance.

During the financial crisis, I ended up spending hours of my time fighting my property tax bill. I was rejected the first year, but won my case for three subsequent years.

The government expects its denizens to meekly accept all punishments and like them too. But not a Financial Samurai. At

Keep reading this article on Financial Samurai.

Leave a Reply