Supervisors OK slightly increased property tax rate

Property owners will see their property tax rate increase slightly after the Board of Supervisors approved a new rate Tuesday.

A property valued at $500,000, for example, will increase by $11 with the new rate.

The property tax rate will increase slightly by .43 percent for a rate of $1.164 for the current fiscal year. That’s an increase of $0.005. The causes of the increase: increasing debt service for The City, the San Francisco Unified School District and BART.

Landlords are allowed to pass through some of the cost to tenants. This fiscal year, the pass-through rate is proposed at “$0.048 percent $100 of assessed value, a $0.010, or 26.3 percent increase from” the fiscal year 2009-10 pass-through rate of $0.038, according to a report on the proposal by Budget Analyst Harvey Rose.

jsabatini@sfexaminer.com

Bay Area NewsGovernment & PoliticsPoliticsUnder the Dome

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

City officials closed San Francisco County Jail No. 4 on the top floor of the Hall of Justice at 850 Bryant St. in September, reducing the number of beds in the jail system by about 400. 
Kevin N. Hume/
S.F. Examiner
SF jail closure prompts doctor to call for release of more inmates

Reduced space increases risk of COVID-19 spreading among those in custody

Cyclists have flocked to Market Street since private vehicles were largely banned from a long stretch of it in January. (Amanda Peterson/Special to the S.F. Examiner)
Plans for sidewalk-level bikeway on Market Street dropped due to costs, increased cyclist volume

Advocates say revisions to Better Market Street fail to meet safety goals of project

Prop. 21 would allow San Francisco city officials to expand rent control to cover thousands more units. (Kevin N. Hume/S.F. Examiner)
Tenant advocates take another try at expanding rent control with Prop. 21

Measure would allow city to impose new protections on properties 15 years or older

Singer-songwriter Cam is finding musicmaking to be healing during 2020’s world health crisis. 
Courtesy 
Dennis Leupold
Cam challenges country music tropes

Bay Area-bred songwriter releases ‘The Otherside’

Anti-eviction demonstrators rally outside San Francisco Superior Court. (Kevin N. Hume/S.F. Examiner)
Report: Unpaid rent due to COVID-19 could be up to $32.7M per month

A new city report that attempts to quantify how much rent has… Continue reading

Most Read