This resolution sets a property tax rate of approximately $1.18 for every $100 of taxable property value in San Francisco, which funds various local agencies and districts. It also establishes a pass-through rate of $0.0754 per $100 of assessed value that residential landlords can charge tenants.
Resolution levying property taxes at a combined rate of $1.18248499 on each $100 valuation of taxable property for the City and County of San Francisco, San Francisco Unified School District, San Francisco County Office of Education, San Francisco Community College District, Bay Area Rapid Transit District, and Bay Area Air Quality Management District; and establishing a pass-through rate of $0.0754 per $100 of assessed value for residential tenants pursuant to Administrative Code, Chapter 37, for the fiscal year (FY) ending June 30, 2022.
How it got here
The legislation originated from the requirement to set the annual property tax rate for San Francisco, as mandated by the Administrative Code.
The Controller submitted a resolution to establish the property tax levy for FY 2021-22, including rates for various taxing entities and a pass-through rate for residential tenants.
The Budget and Finance Committee reviewed the proposed resolution and recommended its approval.
The Board of Supervisors adopted the resolution setting the property tax rate and establishing the pass-through rate for residential tenants.
The Mayor approved the resolution, finalizing the property tax rates for the fiscal year ending June 30, 2022.
Reconstructed from attached documents & the official record
