RPIE owner occupied

My home is a 5 family, so I have never had to fill out an RPIE. On this year’s property value notice, it hit me that the city is estimating the gross income at almost $200K, but my family occupies three units and we rent two, so the actual rental income is about 1/3 of the estimated total. Would filing an RPIE with the actual rent income have any effect on lowering our taxes next year? Our taxes are more than $35K, and about 3x that of a neighboring building that is the same house/SF as mine but divided into 7 apartments.

MarkABernstein

in General Discussion 2 years and 3 months ago

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eg66bk | 2 years and 3 months ago

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i don’t think you have anything to lose in filling out an RPIE, You living there should help a little I think

mozeeatupu | 2 years and 3 months ago

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You’re required to submit an RPIE even if its to say you’re not required to submit an RPIE.

Augustiner | 2 years and 3 months ago

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Your taxes seem high Whats the tax class on your property tax bill? Any chance your property was classified as ‘hotel’ because of Airbnb fines at some point?
Any recent changes to the tax class or C of O?

I’m any case why not fill out the income form. If you have less income it can’t be a bad thing.
Also watch out for DOF outreach events, they can be helpful in explaining what to do.