Business and Tax Regulations Code - Real Property Transfer Tax Rates and Penalties
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History 5 records
| Date | Ver. | Body | Action | Result | Video | |
|---|---|---|---|---|---|---|
| Apr 8, 2026 | 2 | RESPONSE RECEIVED | Details → | |||
| Mar 27, 2026 | 2 | REFERRED TO DEPARTMENT | Details → | |||
| Mar 24, 2026 | 1 | Details → | ||||
| Feb 27, 2026 | 1 | REFERRED TO DEPARTMENT | Details → | |||
| Feb 24, 2026 | 1 | Details → |
Sponsors 4 records
Version history 2 recordsCompare versions →
This item changed between first reading and enactment.
- 1 740 charsMar 15, 2026
- 2 854 charsApr 21, 2026CURRENT
Full text version 2
Show ordinance text (854 chars)
Title
Ordinance amending the Business and Tax Regulations Code to, for transfers occurring on or after July 1, 2026: halve the real property transfer tax rate from 5.5% to 2.75% when the consideration or value of the property conveyed equals or exceeds $10,000,000 but is less than $25,000,000, and from 6% to 3% when the consideration or value equals or exceeds $25,000,000; exempt from these reductions the transfer of single-family residences; reduce the penalties for delinquent real property transfer taxes; and affirming the Planning Department’s determination under the California Environmental Quality Act.
Comment
(Economic Impact; No Economic Analysis Report)
(Fiscal Impact; No Budget and Legislative Analyst Report)
Version
(Version 2)
Amendment
(3/24/26 - Mayor Lurie introduced a substitute Ordinance bearing the same title.)