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Supervisors weigh raising recordation fee to $3 to bolster real-estate fraud work

San Francisco Board of Supervisors Budget & Finance Committee · March 10, 2010
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee heard a proposal to raise the assessor-recorderrecordation fee from $2 to $3 to increase resources for police and the district attorney to investigate and prosecute real-estate fraud; the budget analyst estimated roughly $240,571 in annual revenue and recommended more consistent annual reporting. Supervisors proposed an amendment to allow the controller to match future state fee increases automatically.

The committee considered an ordinance authorizing an increase in the assessor-recorder recordation fee from $2 to $3 per recorded real-estate document, a measure the district attorneys elder-abuse and real-estate fraud unit supports as a way to restore revenue lost to declining recordings while addressing more complex fraud cases.

Alan Kennedy, who introduced the proposal as head of the DAelder abuse and real-estate fraud…

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