This resolution sets a property tax rate of approximately $1.18 for every $100 of taxable property value in San Francisco, which will fund various local agencies and districts. It also establishes specific pass-through rates for residential tenants based on when their tenancy began, effective for the fiscal year ending June 30, 2027.
Resolution levying property taxes at a combined rate of $1.18162182 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, 2027.
How it got here
The legislation originated from the Controller's Office to set the property tax rate for the upcoming fiscal year, as mandated by city and state laws.
The Controller submitted a resolution to establish the property tax levy for FY 2026-27, including rates for various educational and transit districts, as required by the Administrative Code.
The Budget and Legislative Analyst prepared a report for the Budget and Finance Committee detailing the proposed property tax rate and pass-through rates for residential tenants.
The Budget and Finance Committee reviewed the proposed resolution to set the property tax rate and pass-through rates for residential tenants for FY 2026-27.
The Board of Supervisors is required to adopt the property tax rate resolution by this date, as mandated by the Administrative Code.
Reconstructed from attached documents & the official record