4
May
Proposed November ballot measure would double S.F. tax rate on big real estate transactions
San Francisco Supervisor Dean Preston revealed on Monday plans for a ballot measure that would double city transfer taxes on real estate transactions above $10 million.
“We know there will be a wave of real estate speculation coming, it is predictable with the recession that we are going to face and this is not guessing on our part – the big private equity funds are gearing up for large real estate buys,” Preston (District 5) told me on Monday. “We need to be ready for that and try to deter…
Source: Arizona Business Journal
