This resolution sets a property tax rate of approximately $1.17 for every $100 of assessed property value in San Francisco, which will fund various local agencies and services. It also establishes specific pass-through rates for residential tenants based on when their tenancy began, effective for the fiscal year ending June 30, 2025.
Resolution levying property taxes at a combined rate of $1.17143563 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 pass-through rates per $100 of assessed value for residential tenants and based on tenancy commencement dates pursuant to Administrative Code, Chapter 37, for the Fiscal Year (FY) ending June 30, 2025.
How it got here
The legislation originated from the need to set the annual property tax rate for various taxing entities in San Francisco for the fiscal year ending June 30, 2025.
The Controller submitted a resolution to establish the property tax levy for FY 2024-25, including rates for the City, SFUSD, and other entities, as required by Administrative Code Section 3.3(m).
The Budget and Finance Committee reviewed the proposed resolution and recommended its approval to the Board of Supervisors.
The Board of Supervisors adopted the resolution setting the property tax rate at a combined rate of $1.17143563 for FY 2024-25.
The Mayor approved the resolution, finalizing the property tax rates for the upcoming fiscal year.
Reconstructed from attached documents & the official record
