Shall the City permanently increase the transfer tax rate on sales and leases of 35 years or more of real estate, to 5.50% on those transactions of $10 million to $25 million, and to 6.00% on those transactions of $25 million or more, for an estimated average revenue of $196 million a year?
1, San Francisco County • 2020 • Measure
Passed
Result: 57.6% yes, 42.4% no (409,868 votes cast)
AI-generated plain-language summary
This measure permanently increased San Francisco's real estate transfer tax rates to 5.50% on transactions between $10-25 million and 6.00% on transactions over $25 million, applying to sales and long-term leases of 35+ years. The change was projected to generate approximately $196 million in annual revenue for the city.