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Rich San Francisco homeowners get sold-off street back

Rich San Francisco homeowners get sold-off street back

Residents of an exclusive San Francisco neighborhood who failed to pay taxes on their private, gated street for two decades got the street back Tuesday after supervisors voted to rescind the sale of the tax-defaulted property.

The Board of Supervisors split 7-4 on the move, with those in favor saying residents of Presidio Terrace had not received enough notice before their sidewalks, street and common areas were sold at auction in 2015.

Supervisor Mark Farrell, who represents the district, said it was not good policy to allow out-of-town land “speculators” to swoop in on law-abiding property owners who simply did not know they owed tax on their street.

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