San Francisco's property values increased

July 13, 2010 10:34:47 PM PDT
ABC7's media partners at the San Francisco Examiner are reporting that despite the overall declining roll in counties across the state, San Francisco's property roll value increased by four percent in the last fiscal year.

The city's assessor-recorder Phil Ting announced that news on Tuesday. He will discuss the details on Wednesday at City Hall.

The rise in property roll value coincides with a windfall of transfer tax generated by the city. This means there's most likely been an increase in property value or in the number of property transactions.