San Francisco assessor seeks taxes from banks' takeovers

by admin
April 07, 2010

Big banks have been slow to pay real estate taxes after they bought other companies in recent years, according to San Francisco Assessor-Recorder Phil Ting. Now Ting is opening an investigation to force the banks to pay up and hopes that San Francisco will collect about $1 million in property taxes and transfer taxes from multibillion-dollar bank mergers. Read more