The Office of the Assessor-Recorder discussed two upcoming deadlines important to homeowners: Informal Review Application and New Construction Statement. An Informal Review allows homeowners in San Francisco to apply for a temporary reduction if they believe their home value has declined. A New Construction Statement allows homeowners who are building or renovating their home to report on their progress. Filings for both projects may impact the assessed property value for fiscal year 2014-15. Multilingual application and statement forms are available on www.sfassessor.org.