A basic guide to permitting home alterations in San Francisco
In San Francisco property sales, the seller is responsible for paying the transfer tax. However, in new development where the seller is a sponsor or a developer, the buyer often pays this transfer tax.
The Transfer Tax Rate for the City and County of San Francisco, payable upon transfer of Real Property, is calculated as follows:
More than $100 but less than/equal to $250,000 $2.50 for each $500 or portion thereof
More than $250,000 but less than $1,000,000 $3.40 for each $500 or portion thereof
$1,000,000 or more but less than $5,000,000 $3.75 for each $500 or portion thereof
$5,000,000 or more but less than $10,000,000 $11.25 for each $500 or portion thereof
$10,000,000 or more but less than $25,000,000 $13.75 for each $500 or portion thereof
$25,000,000 or more $15.00 for each $500 or portion thereof
Be sure to calculate transfer tax when considering selling your home.
30+ years of San Francisco Bay Area real estate boom and bust cycles, as eloquently explained by our expert chief market analyst, Patrick Carlisle.
What you get in different neighborhoods for your millions of dollars will vary widely. Views often play a significant role in SF home values, but particularly in the luxury condo market, where the most expensive units often offer staggering views from very high floors.