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Finance Committee forwards four property tax ordinances; average tax bill projected to rise 2.58%
Summary
The San Francisco Finance Committee forwarded four property tax ordinances for FY 2007–08 — covering city and county, community college, unified school district and BART levies — after the Comptroller's Office said the combined rate would total 1.141%, producing an approximate average tax bill increase of 2.58% and a reduced rental pass‑through for tenants.
The Finance Committee on Tuesday forwarded four property tax measures to the full Board with a recommendation, the committee chair said, after the Comptroller's Office presented the proposed rates for fiscal year ending June 30, 2008.
Todd Reedstrom of the Comptroller's Office told the committee that "the proposed rates before you today total 1.141%, which will result in an…
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