Financing in Potrero Hill>Question Details

Mgm1000, Home Owner in San Francisco, CA

So what is the difference between an Escape Tax and a Supplemental Tax bill?

Asked by Mgm1000, San Francisco, CA Thu Jan 31, 2013

We bought an older mobile home in a condo 55 park and leased it out until we were ready to move there. We then bought a new home and removed the old one racing it with the new home. We put the new home on the lot September 2011. This year we have received the normal tax bill, a supplemental tax bill, and now the Escape tax bill.

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“An “escape assessment” is a correction to a property’s assessed value on the local property tax roll. The correction is made because the Assessor’s Office discovered a property or a taxable event that should have been assessed but was not. Current and/or prior year tax rolls may be affected. The most common reasons for an escape assessment are overlooked or unreported new construction, a missed change of ownership… or the removal of an exemption.”

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0 votes Thank Flag Link Thu Jan 31, 2013
What then is the supplemental tax bill? I thought that tax was what brought the in line?
Flag Thu Jan 31, 2013
Never heard of an ESCAPE TAX, perhaps you should go down to the Assessor's Office and ask them to go over it with you.
0 votes Thank Flag Link Thu Jan 31, 2013
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