San Francisco’s property owners requst%48value reduction to cut taxes as prices plunge

San Francisco’s property owners of office towers, shopping centres, hotels and homes are flooding the city’s Assessment Appeals Board with appeals to slash their property assessments and tax payments so as to asked for an average %48 reduction on property value assessed at more than US$60 billion for the fiscal year ended last Jun 30, as real estate prices sink in the beleaguered city that is