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Committee forwards 2012–13 property tax levy ordinance setting combined rate at 1.1691%
Summary
The committee forwarded an ordinance to set the combined property tax rate for FY 2012–13 at 1.1691% (slightly below the prior year's 1.1718%), with an 8.1¢ tenant pass-through; the budget analyst recommended approval and no public comment was offered.
The Budget and Finance Committee on Sept. 1 forwarded an ordinance setting the combined property tax levy for fiscal year 2012–13 at a combined rate of 1.1691% for the City and County of San Francisco and overlapping taxing jurisdictions. Jamie Whitaker, property tax manager in the Controller’s Office, said the rate is slightly lower than the prior year’s 1.1718% but that a typical homeowner could see a tax-dollar increase if assessed value rose; Whitaker estimated roughly $104 in additional tax for a $500,000 owner-occupied home under the year’s inflation adjustments.
The ordinance also sets an 8.1¢ per $100 assessed value pass-through rate for residential tenants pursuant to Chapter 37 of the Administrative Code. The Budget Analyst, Deborah Newman, reviewed tables in the analyst report and recommended approval.
There was no public comment. Supervisor Avalos moved to send the item forward with recommendation and the motion carried "without objection." The ordinance will be considered by the full Board of Supervisors.
