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NAIOP San Francisco Opposes Prop i in San Francisco

   Filed under: Legislative News: San Francisco Bay Area

Join NAIOP SFBA in taking action and oppose Prop I, the proposed increase to the San Francisco City real estate transfer tax on the November 2020 ballot.

  • Increases transfer tax from 2.75% to 5.5% on property valued at $10 - $25M
  • Increases tax rate from 3% to 6% on property valued at >$25M
  • Directs tax revenue toward a general fund held by the City

Example of potential impact on San Francisco office building valued > $25M:

  • Average office building price per square foot is approx. $800-$1,000/SF
  • New additional transfer tax levy would be approx. $24-$30/SF

Educate - Spread the word and reach out to just one SF voter that you know, preferably not in real estate, to inform them about this measure.

No On Prop i

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