"city officials have finalized a plan they say could be key to saving Muni service. It's a parcel tax that would charge most homeowners at least $129 a year if approved by voters. The finalized plan is an update on a proposal first introduced in December. Mayor Daniel Lurie is billing this as a savior for the struggling Muni, but it would be another tax on San Francisco residents who are already paying to support transit through measures passed in 2018 and 2022."
"If voters approve it, this is how the tax charges would work: Owners of a single-family home up to 3,000 square feet would pay $129 per year. Multifamily homes would pay $249 a year up to 5,000 square feet. Non-residential property owners would be charged $799 up to 5,000 square feet. Residents could face higher fees if their homes and buildings are bigger than those listed maximums."
San Francisco finalized a parcel tax plan that would charge most homeowners at least $129 per year to help close the SFMTA's more than $300 million pandemic-related deficit. The tax would charge single-family homes up to 3,000 square feet $129 annually, multifamily parcels up to 5,000 square feet $249, and non-residential properties up to 5,000 square feet $799, with higher fees for larger properties and a multifamily parcel cap set at 50,000 square feet. Owners of rent-controlled units can pass through up to 50% of the tax to tenants. Negotiations followed community concerns about cost pass-through to renters.
Read at ABC7 San Francisco
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