Thursday, May 29, 2014

Mapping 18 Bay Area Homes With the Highest Property Taxes



Properties with high values often pay hundreds of thousands of dollars in property taxes around the Bay Area. In fact, the owners of the region's most highly valued home, at least by the tax assessors, cough up more than $1 million every year in taxes. Real estate website Propertyshark compiled a list of properties from Marin down to Santa Clara county that have the highest taxes every year based on their assessed values. They are owned largely by tech moguls and CEOs, and many have sold within the past few years. We've mapped all of the homes, most of which sit in two clusters: one near Woodside for the Silicon Valley set and another along Billionaires Row in San Francisco's Pacific Heights.



Bay Area Properties that Pay the Highest Taxes
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360 Mountain Home Road, Woodside
Property value: $117.5M
Property taxes: $1,275,110
The details: This nine-acre estate was purchased in late 2012 by Japan's second-richest man, Masayoshi Sun. At the time, it was one of the most expensive properties ever sold in the United States.

360 Mountain Home Road, Woodside, CA 94062


3000-3300 Portola Road, Woodside
Property Value: $83.8M
Property taxes: $907,965
The details: This estate is 42 acres and the tech entrepreneur owner has fought for several property tax reductions. It still includes an adobe structure built before the Gold Rush, although the main house was constructed in 2008. Photo via Bing

3000 Portola Road, Woodside, CA 94062


745 Mountain Home Road, Woodside
Property value: $73.2M
Property taxes: $792,587
The details: Oracle CEO Larry Ellison owns this Japanese-style property, which sits on 23 acres and has a manmade lake, a tea house, a bath house and a koi pond.

745 Mountain Home Road, Woodside, CA 94062


13310 La Paloma Road, Los Altos Hills
Property value: $40.5M
Property taxes: $468,905
The details: The home is owned by Russian investor Yuri Milner, who has stakes in local companies Facebook and Zynga. He doesn't live on the property, which he paid $100 million for despite its lower tax assessment.

13310 La Paloma Road, Los Altos Hills, CA 94022


2840 Broadway, San Francisco
Property value: $33.7M
Property taxes: $400,213
The details: At one point Larry Ellison, who lives next door, was rumored to have bought this property, but the actual purchaser was entrepreneur and former investment banker Roger Barnett. It is approximately 17,000 square feet and last sold in 2011.

2840 Broadway Street, San Francisco, CA 94115


179 Kings Mountain Road, Woodside
Property value: $34.6M
Property taxes: $376,387
The details: This is one of the more mysterious properties on the list, with only a holding company listed as owner and few property details to be found. Photo via bing

179 Kings Mountain Road, Woodside, CA 94062


3411 Woodside Road, Woodside
Property value: $34.4M
Property taxes: $372,843
The details: This is the home of banking billionaire Charles Schwab. It last sold for $28 million back in 2006.

3411 Woodside Road, Woodside, CA 94062


2950 Broadway, San Francisco
Property value: $30.1M
Property taxes: $357,802
The details: This 6-BR property on Billionaires Row set a record when it sold in April 2013 to socialites Trevor and Alexis Traina for $35 million.

2950 Broadway Street, San Francisco, CA 94115


2845 Broadway, San Francisco
Property value: $29.4M
Property taxes: $349,701
The details: This home has been on the market for as much as $65 million. However, the house was unfinished at the time and never sold for anywhere near that mark. Yammer founder David Sacks purchased it in 2012.

2845 Broadway Street, San Francisco, CA 94115


580 Mountain Home Road, Woodside
Property value: $31.1M
Property taxes: $336,689
The details: The property is owned by Cisco CEO and Chairman of the Board John Chambers. It sits on more than 10 acres and was purchased for $45.5 million in 2006. Photo via Bing

580 Mountain Home Road, Woodside, CA 94062


2901 Broadway, San Francisco
Property value: $28.3M
Property taxes: $335,995
The details: An Italian Renaissance 8-BR manse at the top of a hill on Billionaires Row, this property was once on the market for $58 million but sold for less than half that in 2012. When it sold it had been in the same family for some time and property taxes were only $7,200.

2901 Broadway Street, San Francisco, CA 94111


3277 Pacific Avenue, San Francisco
Property value: $27.9M
Property taxes: $332,279
The details: Salesforce founder Marc Benioff owns this property, as well as one just behind it on Jackson Street. President Obama once paid a visit.

3277 Pacific Avenue, San Francisco, CA 94118


2701 Broadway, San Francisco
Property value: $27.5M
Property taxes: $327,560
The details: This 1910 home has 7 bedrooms and an indoor basketball court and last sold in early 2012. It was on the market for a year at $32 million before taking a price chop to $28.5 million.

2701 Broadway Street, San Francisco, CA 94123


383 Walsh Road, Atherton
Property value: $28.5M
Property taxes: $309,345
The details: Another mystery home, this Atherton Property is owned by 383 Associates. It last sold back in 2007 for $18 million.

383 Walsh Road, Atherton, CA 94027


425 Belvedere Avenue, Belvedere
Property value: $27M
Property taxes: $298,444
The details: When it was built in 2009, this home faced opposition from neighbors who called it a McMansion and claimed it was ruining the views. It sold last year and was the highest sale on record in Marin County at the time.

425 Belvedere Avenue, Belvedere Tiburon, CA 94920


37 Raycliff Terrace, San Francisco
Property value: $24.1M
Property taxes: $286,102
The details: Back in 2008, this home sold for $29 million to Bebo founder Michael Birch and his wife Xochi. The property's "other address" is 2799 Broadway.

37 Raycliff Terrace, San Francisco, CA 94115


133 Atherton Ave, Atherton
Property value: $26M
Property taxes: $283,281
The details: The property was last purchased back in 2006 for $18.95 million by a Google executive. It's on a 3.74 acre lot and the house has been added onto since then.

133 Atherton Avenue, Atherton, CA 94027

38 Glenwood Avenue, Ross
Property value: $25M
Property taxes: $281,175
The details: On a leafy street in Ross, this property has 5 bedrooms and sits on more than 5 acres. It was last sold in 2005.
38 Glenwood Avenue, Ross, CA 94957




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