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Committee amends property tax ordinance to align composite rate with BART factors
Summary
The committee amended the annual property tax ordinance to set a composite rate of 1.1723 (instead of 1.1789) so it aligns with BART board factors; the BLA reported an estimated $83/year increase for median assessed properties and an estimated tenant pass-through of about $34/year for rent‑controlled tenants.
Jamie Whitaker (Controller's Office, Property Tax Unit) presented the annual secured property tax ordinance. Whitaker said the 1% base rate is set by the state constitution and the portion above 1% varies to cover principal and interest on voter‑approved general obligation bonds. Because…
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